/KACC, January 20, 2025/ – KASE Clearing Centre JSC (KACC, Clearing
Centre) announces that it has successfully passed an assessment by the UK's
specialist post-trade risk assessment consultancy agency, Thomas Murray, for
compliance with the CPMI-IOSCO PFMI standards.
CPMI-IOSCO PFMI (Principles for Financial Market Infrastructure) are 24
international fundamental principles that financial market infrastructure
organizations, among them Central Counterparties, must follow in their
operation, including standards for control and monitoring of credit and
operational risks, corporate governance, settlements on concluded transactions,
liquidity management, default management, etc.
Of the 24 principles, 18 principles apply to activities of the central
counterparty. According to Thomas Murray's assessment, the Clearing Centre
observes all these principles in its operation. The final assessment in
accordance with the international standards for assessing observation of the
PFMI standards received by the Clearing Centre is "Broadly observed".
More detailed information is provided in the KACC press release.
Press release in Kazakh –
https://kase.kz/files/press/kz/16_01_2025_PFMI_kaz.pdf
Press release in Russian –
https://kase.kz/files/press/ru/16_01_2025_PFMI_ru.pdf
Press release in English –
https://kase.kz/files/press/en/16_01_2025_PFMI_eng.pdf
The Thomas Murray report in English is available –
https://kase.kz/files/normative_base/IOSCO_PFMI_2024.pdf
[2025-01-20]