/KACC, March 6, 2025/ – By a decision of the Board of Directors of KASE
Clearing Centre (KACC, Clearing Centre) dated March 6, 2025, changes and
additions No. 4 (amendments) to KACC's internal document "Rules for execution
of clearing activities for transactions with financial instruments" (the Rules)
were approved, which will come into effect on March 7, 2025.
The amendments provide, among other things, for the following:
- execution of clearing of transactions on the unorganized (over-the-counter)
market and the introduction of the concept of a "trading environment" (an
integrated information system, using which applications are submitted and
transactions are concluded on unorganized (over-the-counter) markets
directly between various counterparties, as well as on markets where the
organizer of trading is not Kazakhstan Stock Exchange (KASE), with their
subsequent transfer to the trading and clearing system for the provision of
clearing services);
- clarification of the procedure for settlements between KASE and the
Clearing Centre for transactions carried out through the Tabadul Digital
Exchange Hub.
The updated text of the Rules will be published on KACC's Internet resource at
http://kacc.kase.kz/en/clearing/
[2025-03-06]