KAZAKHSTAN: KASE Delegates Clearing and Settlement Activities to KACC

Tuesday September 26 2023

On 25^th September 2023, Kazakhstan Stock Exchange (KASE) announced that the exchange has delegated its clearing and settlement functions, as well as the central counterparty functions, to a 100 % subsidiary of the Exchange – KASE Clearing Center JSC (KACC).

The split of functions of the exchange market infrastructure was carried out in order to create the best conditions for issuers and investors, including private and institutional investors, when they carry out transactions on the organized market to introduce the best global practices and achieve applicable international standards as well as to delimit risks of the exchange market infrastructure.

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