OREANDA-NEWS. July 16, 2009. It was informed the Exchange Council of Kazakhstan Stock Exchange (KASE) on May 25, 2009 approved change and addition No. 2 (amendments) to the KASE internal document "Specification of Russian Ruble Market Maker Status" (Appendix 3-2 to Rules on Market Maker Activity), reported the press-centre of KASE.

The amendments were agreed with the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS) on July 3, 2009 and,  accordingly, introduced beginning July 7, 2009.

According to the amendments:

1)at presence of a Russian Ruble Market Maker firm quotes shall only be set by a market maker in the exchange trading system at trade in ruble;

2)at absence of Russian Ruble Market Maker exchange members at trade in ruble may set firm quotes and conclude deals.

The renewed text of the Specification is available at the KASE website at:
http://www.kase.kz/files/normative_base/mm_rur.pdf