03.07.20
20:04

Amendments to the Depository Rules of the Central Securities Depository's Code of Rules have been approved

The changes and additions #30 (the amendments) to the Depository Rules have been approved by the resolution of the Board of Directors of Central Securities Depository JSC (the Central Securities Depository), absent voting of which was held on July 3, 2020.

The amendments were developed in order to bring the Central Securities Depository’s Code of Rules in compliance with the requirements of the current legislation of the Republic of Kazakhstan, as well as to clarify the procedure of registration of nego repo operation, made on exchange market.

The amendments contain:

1..Additions for the purpose of defining the procedure of recordkeeping and registration of operations with units, purchased under insurance contract, stipulating the condition for the participation of the unit holder in investments. The additions will become effective from July 20, 2020.

2. Clarification of the registration procedure of nego repo operation, made on exchange market, after putting into operation the second release of the trading and clearing system ASTS+ for stock market. It will become effective from July 20, 2020, but not earlier the date of putting into operation the second release of the trading and clearing system ASTS+ for stock market, mentioned in the official letter of Kazakhstan Stock Exchange JSC.

Russian version of the Rules, updated in accordance with the amendments, will be published in subsection [Registrar and Depository Activities] of section [Regulatory Base] of the Central Securities Depository’s website.