OREANDA-NEWS. February 07, 2011. By a decision of Kazakhstan Stock Exchange (KASE) Board of Directors amendments and additions # 2(Amendments) to KASE internal document "Rules of Execution of Clearing Activities on the Derivatives Market" have been approved, reported the press-centre of KASE.

The Amendments will be directed to the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations for approval and will be made effective after their approval by the mentioned agency.

The mentioned amendments:

- regulate the time of submission of a request from a KASE member for transfer of money from a margin account or guarantee fee account, as well as the time of execution of such request by KASE;

- specify the procedure for establishment of the settlement price of derivative contracts, including cases when during a trading session no deals were made in a particular series of derivative contracts.

The revised text of the Rules of Execution of Clearing Activities on the Derivatives Market will be published on KASE website, at http://www.kase.kz/files/normative_base/clearing_rules_eng.pdf after approval of the amendments.