Deal execution on the Kazakhstan Stock Exchange will follow the T+2 scheme.
The Board of Directors of the Kazakhstan Stock Exchange (KASE) has approved amendments to the procedure of execution of deals on the stock market according to the T+2 scheme.
The following main amendments were approved:
- The clearing session will be from 5.30 p.m. to 6.00 p.m. (Almaty time);
- If a trading participant cannot meet their net obligations due to an insufficient trading (cash) account balance, the KASE will initiate the implementation of procedures for defaults settlement;
- Trading participants have to control the validation of identity documents that are presented to the Central Depository;
- KASE will not process transactions within 30 days before the expiration date of the KASE member's client Identity Documents.