OREANDA-NEWS. October 25, 2010. As was informed earlier, on May 28, 2010 Kazakhstan Stock Exchange (KASE) Board of Directors approved new KASE internal documents "Rules of Clearing on Futures Market" and "Rules of Futures Contracts Exchange Trading", reported the press-centre of KASE.

Rules of Futures Contracts Exchange Trading were approved by the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (FSA) on July 19, 2010; Rules of Clearing on Futures Market were approved by FSA.

The mentioned documents have been developed in accordance with the Action Plan on the Futures Contracts Market Development approved by KASE Board of Directors on March 30, 2010 to ensure the regulation by the exchange of clearing and settlement transactions on deals on the exchange futures market and the order of deal conclusion on this market.

Due to the said documents becoming effective from October 20, of the current year, the following KASE's internal documents are considered as having ceased to be effective:
                                     
- "Rules of Exchange Trading and Settlements on Futures Contracts";

- "Specification of Six-Month Futures Contract per USD1,000";              

- "Specification of Six Month Futures Contract for USD/EUR Exchange Rate";

- "Specification of Futures Contract for Affined Gold Bullions".

The text of Rules of Futures Contracts Exchange Trading is published on KASE website, at http://www.kase.kz/files/normative_base/trading_rules.pdf

The text of Rules of Clearing on Futures Market is published on KASE website, at http://www.kase.kz/files/normative_base/clearing_rules.pdf