Additions to Regulations on Membership Put into Effect from December 27, Says KASE

Kazakhstan Stock Exchange (KASE) announced recently that dated December 24, 2021, its Board of Directors has approved additions No. 5 (the additions) to KASE's internal document "Regulations on Membership" (the Regulations) , with effect from December 27, 2021.

The additions provide for the following:

• a member of KASE may be removed from participation in trading in all or individual financial instruments by a decision of the Exchange's Management Board on the basis of information received by the Exchange, which indicates the risk of full or partial non-fulfillment by a member of KASE of its obligations on transactions concluded at exchange trading;

• ​a member of KASE can be removed from participation in exchange trades using all trading and clearing accounts in which this member of KASE has the right to conclude deals, or using trading and clearing accounts in which this member of KASE has the right to conclude deals, with the exception of trading and clearing accounts for which this member of KASE was appointed as an authorized trading participant in accordance with the Rules for execution of clearing activities on deals in financial instruments.

Shortly before, KASE’s Board of Directors has approved the change No. 11 (the amendment) to KASE's internal document "Regulations on Membership Fees, Exchange and Clearing Fees​" (the Regulations), effective from December 24, 2021.