Amendments to Procedure for transferring clearing and settlement functions and activities of central counterparty from Kazakhstan Stock Exchange to KASE Clearing Center came into effect as of September 20
/KASE, September 21, 2023/ – By a decision of the Board of Directors of Kazakhstan Stock Exchange (KASE, or the Exchange) dated September 20, 2023, changes and additions No. 1 (amendments) to KASE's internal document "Procedure for transferring clearing and settlement functions and activities of the central counterparty from Kazakhstan Stock Exchange JSC to KASE Clearing Center JSC" (the Procedure) were approved, with effect as of September 20, 2023.
The amendments establish that on the date of transfer of assets to KASE Clearing Center, the Exchange closes its personal account with Central Securities Depository JSC.
The updated text of the Procedure will be published on KASE website at see more (tab "Clearing" - "Clearing Procedures").
[2023-09-21]