As of March 20, 2019 amendment to Procedure of Execution of Deals on Stock Market under Scheme T+2 to be put into effect
Kazakhstan Stock Exchange
Posted: Thursday, 21 Mar 2019
Following a decision of Kazakhstan Stock Exchange
(KASE) Board of Directors dated March 19, 2019, amendment No. 1 (amendment) to
KASE internal document "Procedure of Execution of Deals on Stock Market under
Scheme T+2" (Procedure) was approved, with effect as of March 20, 2019.
Said amendment stipulates that as part of implementation of default settlement
procedures, a trading participant may terminated the deal on the settlement day
(day Т+2) after receiving consent from the trading participant who is the
counterparty of the concluded deal. In case of refusal of the counteragent to
terminate the deal, the trading participant who submitted the deal termination
request, must fulfill the obligation on the concluded deal for his own funds in
his own account.
Related Link: http://kase.kz/en/news/show/1397575/