OREANDA-NEWS. June 02, 2010. The Board of directors of Kazakhstan Stock Exchange (KASE) approved changes and supplements No. 15 (the Amendments) to KASE internal document 'Rules on repo transactions' (the Rules), reported the press-centre of KASE.

Changes and supplements No. 13 and changes No. 14 to the Rules defining the order of revaluation of liabilities on 'nego' repo transactions and crediting of compensation payment were made effective May 4, 2010.

At refinement of a tool revaluating liabilities on nego repo transactions and crediting compensation payment, taking into account high volatility and low  liquidity of the Kazakhstan securities market, the rules were supplemented with amendments providing for reduction of terms, in which repo agents may send requirements on crediting of compensation payment at upper or lower revaluation and must upon the request credit compensation payment.

The Amendments are of editorial and adjusting nature.

The Amendments are pending accord with the Agency of the Republic of Kazakhstan on regulation and supervision of financial market and financial organizations (FSA) and will be made effective on the next business day after the accord.

The renewed text of the Rules will be released at the KASE website after the accord with FSA.