KASE's Board of Directors approves amendments to Regulations on clearing participants

/KASE, June 4, 2020/ – Following a decision of the Board of Directors of Kazakhstan Stock Exchange (KASE) dated June 3, 2020 changes and additions No. 7 (amendments) to KASE's internal document "Regulations on clearing participants" (Regulations) were approved. Said amendments will be put into effect from the date the second release of the trading and clearing system ASTS+ (hereinafter – ASTS +) is put into commercial operation on the stock market, which will be announced later. Said amendments were made for purposes of: - determining the size of the guarantee contribution to the clearing guarantee fund of the stock market for clearing participants in the stock market of the category "with partially security"; - clarification of the mechanism for checking the sufficiency of collateral of clearing participants of the category "with full security"; - clarifications related to the introduction of gross-based clearing tariffs from the date of launch of the second ASTS+ release on the stock market; - reducing legal risks associated with the performance of the functions of the central counterpart, in terms of applying settlement procedures; - granting to clearing participants the right to choose a category at the stage of assigning the status of a clearing participant. The updated text of the Regulations will be released on KASE website soon. [2020-06-04]