OREANDA-NEWS. August 31, 2011. Kazakhstan Stock Exchange (KASE) Board of Directors by its decision of July 20, 2011 approved additions # 19 (the additions) to  KASE internal document "Rules of Repo Transactions Execution" (the Rules), reported the press-centre of KASE.

The additions have been approved by the Committee on Regulation and Supervision of Financial Market and Financial Organizations of the National Bank of the Republic of Kazakhstan (FSC NBK) on August 22, 2011. The date, when the additions will be given effect, will be announced later.

The additions stipulate obligations of a repo transaction participant, if it is a broker, acting on behalf of its client, to make deals on repo transactions according to that client order within an agreement on brokerage services provision that is a commission agreement. In relation to a repo transaction participant (broker), acting on behalf of its client without such agreement and provided circulation on KASE of a client of this participant and/or other third party, the Board of Directors is entitled to impose a penalty on this participant in the size of 1,000 monthly calculation indices. In case of repeated aforesaid situation one and more times, the Board of Directors is entitled to exclude this participant  from KASE membership on all categories.

The Rules revised text will be available on KASE website in the nearest time.