KASE Approved Regulations of Trades and Confirmation System Operation
OREANDA-NEWS. February 06, 2012. Kazakhstan Stock Exchange (KASE) Management Board by its decision of January 27, 2012 approved the revised edition of KASE internal document "Regulations of Trades and Confirmation System Operation" (Regulations), reported the press-centre of KASE.
The revised Regulations include the following major changes:
- definitions of "net" and "dirty" prices of bonds have been added;
- it is stipulated that the unit of quotation for a particular bond traded at KASE in "dirty" prices can be determined by the Management Board based on a currency unit according to the denomination and/or service currency for that particular security;
- terms "liquid" and "illiquid" shares were replaced by terms "shares of the first (second or third) classes of liquidity";
- criteria for defining the price type ("net" or "dirty"), based on which debt securities admitted to KASE are traded (Appendix 1).
In addition, editorial and adjusting amendments were introduced to the Regulations.
From the effective date of the revised Regulations, the previous version of the Regulations will be considered invalid.