Amendments to the Rules for Executing Exchange Activities and Regulations on Clearing Members will be put into effect as of February 27

/KASE, February 27, 2020/ – By the decision of the Board of Directors of the Kazakhstan Stock Exchange (KASE) dated February 26, 2020, amendments No. 1 (amendments) to the KASE internal document "Rules for Executing Exchange Activities" (the Rules) and amendments No. 5 (amendments) to the KASE internal document "Regulations on Clearing Members" (Regulations) were approved. These amendments will come into effect on February 27, 2020 The amendments to the Rules establish that all KASE members (brokerage firms and banks with relevant KASE membership category) have the right to make transactions with foreign currencies on their behalf using both their own assets and clients’ assets. The amendments to the Regulation define the amount of guarantee fund contributions to the clearing guarantee fund of the FX market for clearing market members with category "partial collateral" that are second-tier banks or organizations that conduct brokerage and/or dealer activities in the securities market or manage investment portfolios. In addition, amendments have been made due to the replacement of the regulator of the financial market and financial institutions to the Agency for Regulation and Development of the Financial Market. The updated text of the Rules will be published on the KASE website at – http://kase.kz/en/kase_rules/ [2020-02-27]