29.05.20
17:55

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

The additions #29 (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 May 29, 2020.

The amendments were developed with the purpose of brining classification of repo operation in compliance with the resolution of the Management Board of the National Bank of the Republic of Kazakhstan No. 210 dated October 22, 2014 “On approval of Rules on registration of transactions with issuing securities, assignment of claims on issuers’ obligations on issuing securities in recordkeeping system of the central depository, provision of registered person’s account statement in recordkeeping system of the central depository and (or) in nominal holding system and provision by nominee holder an information on customers, whose securities are in its nominal holding, upon the central depository’s and the issuer’s request. ”.

The amendments contain a clarification of the procedure of registering auto repo operation with the central counterparty’s participation after putting into operation the second release of the trading and clearing system ASTS+ for stock market.

The amendments will become effective from June 15, 2020 in compliance with the notification of Kazakhstan Stock Exchange JSC on a date of putting into operation the trading and clearing system ASTS+ for stock market (the second release).

In case of changed date of putting into operation the second release of the trading and clearing system ASTS+ for stock market of Kazakhstan Stock Exchange JSC the enactment date of the abovementioned amendments will be changed also and it will be advised.

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