KASE Board amends Rules for internal cash management and paperwork for stock trading settlements

27.11.20 21:37
/KASE, November 27, 2020/ – On November 26, 2020, the Board of KASE approved amendments No. 1 to the KASE’s bylaw "Rules for internal cash management and paperwork for stock trading settlements", which will come into force on November 30, 2020. The amendments were made in order to update the document and bring it in compliance with the Law of the Republic of Kazakhstan On Counteraction of Legitimization (Laundering) of Incomes Received by Illegal Means, and Financing of Terrorism. The Rules now incorporate Appendix 2 enabling KASE to receive clearing participants’ applications not only from traders, but also from other persons authorized to perform these actions on behalf of clearing participants. The power of attorney template according to Appendix 2 is published in Russian at http://kase.kz/files/normative_base/settlements_rules_pr2.doc In addition, editorial changes were made to Appendix 1 to the Rules. The new List of Special Codes for Identifying Payments of Clearing Participants for Trading in Foreign Currencies was also approved and it will come into force on November 30, 2020 – https://kase.kz/files/normative_base/special_codes_cur.pdf The Rules as amended will be published on KASE website soon in the "KASE Rules" section at https://kase.kz/en/kase_rules/ [2020-11-27]