OREANDA-NEWS. By the decision of Kazakhstan Stock Exchange (KASE) Council of April 23, 2009 were approved changes and additions # 12 (amendments) to KASE internal document "Rules of Repo Transactions Execution" (Rules), reported the press-centre of KASE.

In compliance with the mentioned amendments:

1) KASE discontinues using the word "re-purchase" in relation to repo transactions, considering that in the legislation of the Republic of Kazakhstan on the securities market and joint stock companies this word is used only in the definite context (see, for example, articles 26-28 of the Law of the Republic of Kazakhstan "On Joint Stock Companies");

2) the list of cases, when securities of any denominations, issued by one and the same securities issuer, are prohibited for use as repo transactions subjects, executed by the "nego" method, was supplemented by the case of default of debt securities face value payment, issued by this issuer and admitted to circulation on KASE, upon their circulation period termination.

The mentioned amendments were sent to the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS) for approval and will be given effect from the first working day, following the day of their approval by AFS.

Rules revised text will be published on KASE website at address http://www.kase.kz/files/normative_base/repo_eng.pdf after AFS approves mentioned amendments.