AFS Concords Amendments to Rules of Exchange Trading
OREANDA-NEWS. March 17, 2009. As informed earlier, the Exchange Council of Kazakhstan Stock Exchange (KASE) on February 12, 2009 approved changes No. 10 to the KASE internal document "Rules of Exchange Trading" (the Rules), which were developed for purposes of bringing the Rules into compliance with rules on automatic trade suspension implemented in the KASE trading system, reported the press-centre of KASE.
The amendments were accorded with the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations March 10, 2009 and, accordingly, made effective beginning March 11, 2009.
In accordance with the amendments item 3 of article 12-2 "Critical events, leading to or capable to entail trade suspension" has been put as follows:
"3.Trade in stock shall be suspended in the cases, set by items 1 and 2 of this article, by the Exchange Trading system software automatically; at that, a dealer must immediately notify of trade suspension a member of the Exchange Board supervising trading.".
Besides, the amendments are of an editorial nature.
The renewed text of the Rules is available at the KASE website at: http://www.kase.kz/files/normative_base/rules.pdf




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