/KASE, October 2, 2024/ – By a decision of the Management Board of
Kazakhstan Stock Exchange (KASE, or the Exchange) dated September 30,
2024, changes No. 23 (changes) to KASE's internal document "Rules for
Market Makers' Activities" (Rules) were approved, with effect as of October 1,
2024.
The changes establish that if a market maker does not have a sufficient number
of shares of a unit investment trust (UIT) for which it is the management
company to perform its duties, such a market maker has the right to submit a
written request to KASE to use a time-out of no more than two working days to
increase the issue of a particular type of units.
In addition, the changes establish the cancelation of benefits for market makers
of their UITs on paying commission fees to the Exchange for purchase and sale
transactions with these UITs.
The updated text of the Rules will be published on KASE's Internet resource at
https://kase.kz/en/kase_rules/ (tab "Trading" – "Market makers").
[2024-10-02]