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Amendments to Instruction on Procedure of Coding of Members of Kazakhstan Stock Exchange, Financial Instruments and Securities Issuers to be put into effect from December 3
/KASE, November 29, 2019/ – Following a decision of Kazakhstan Stock Exchange (KASE) Management Board dated November 27, 2019 amendments No. 8 (amendments) to KASE's internal document "Instruction on Procedure of Coding of Members of Kazakhstan Stock Exchange, Financial Instruments and Securities Issuers" (Instruction) were approved, with effect from December 3, 2019.
Said amendments:
- provide for opening of clearing and trading and clearing accounts by trading participants, because due to the launch of the trading and clearing system ASTS+ KASE will carry out clearing not only on the net basis, but also on the gross basis;
- the procedure of assigning of shortened designations for financial instruments on the netting repo market was removed, due to the fact that trading in securities being the subject of such repo transactions was transferred to the trading and clearing system ASTS+.
Besides, editorial amendments were made.
The updated Instruction will be released on KASE website in section "KASE Rules" soon.
[2019-11-29]