Following a decision of the Board of Directors of
Kazakhstan Stock Exchange (KASE) dated November 7, 2018 a new internal document
of KASE “Procedure of concluding deals in government securities according to
scheme Т+2” (the Procedure) was approved.
The Procedure has been sent to the National Bank of the Republic of Kazakhstan
for approval and will be put into effect after agreeing upon with the authorized
body which will be communicated additionally.
The Procedure defines the conditions and procedure of execution of deals in
government securities according to scheme T+2 in KASE trading system settled
Switching of the trading in government securities to the settlement scheme Т+2
will allow more efficient management of portfolio investments and will create
preconditions for inflow of foreign investments.
By the same decision of KASE’s Board of Directors amendments No. 3 (amendments)
to KASE internal document “Rules of execution of exchange activities” (the Rules)
Said amendments contain references to the Procedure and will be put into
effect from the effective date of the Procedure.
The Procedure and the Rules will be released on KASE website after approval
by the authorized body.