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The document ceased to be valid since  January 12, 2017 according to Item 1 of the Order of the Government of the Republic of Kazakhstan of December 26, 2016 No. 852

ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of December 8, 2009 No. 2042

About approval of Standard rules of stock exchange trading

(as amended of the Order of the Government of the Republic of Kazakhstan of 29.01.2013 No. 59)

According to the subitem 3) of article 3 of the Law of the Republic of Kazakhstan of May 4, 2009 "About commodity exchanges" the Government of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Standard rules of stock exchange trading.

2. This resolution becomes effective after ten calendar days after the first official publication.

 

Prime Minister

Republic of Kazakhstan K. Masimov

Approved by the order of the Government of the Republic of Kazakhstan of December 8, 2009 No. 2042

Standard rules of stock exchange trading

1. General provisions

1. These Standard rules of stock exchange trading (further - Standard rules) are developed according to the Law of the Republic of Kazakhstan of May 4, 2009 «About commodity exchanges» (further - the Law) and determine procedure for activities of members of commodity exchange when making stock exchange transactions with exchange goods.

2. Based on Standard rules each commodity exchange develops and approves own Rules of stock exchange trading (further - Rules of the exchange).

3. The basic concepts which are used in these Standard rules:

1) opening price - the price with which the exchange biddings, or the price of the first committed stock exchange transaction on specific exchange goods (group of goods) at the specific exchange bidding begin;

2) the request for sale (purchase) of exchange goods - the proposal (offer) of the participant of the exchange biddings on sale (purchase) of exchange goods or the notification (acceptance) of the participant of the exchange biddings on adoption of the offer on purchase (sale) of exchange goods containing all conditions necessary for the conclusion of stock exchange transaction according to Standard rules;

3) the exchange broker (further - the broker) - the legal entity performing the activities at commodity exchange based on the license granted by authorized body in the field of regulation of trading activity, according to legal acts of the Republic of Kazakhstan, created in form of business of joint-stock company or limited liability partnership and making transactions with exchange goods on the order, for the account and for the benefit of the client;

4) the stock dealer (further - the dealer) - the legal entity performing the activities at commodity exchange based on the license granted by authorized body in the field of regulation of trading activity, according to legal acts of the Republic of Kazakhstan, created in form of business of joint-stock company or limited liability partnership and making transactions with exchange goods in the interests and at own expense, and also at the request of the client;

5) exchange goods - the goods which are not withdrawn from circulation or not limited in turnover including the terminal contract allowed by commodity exchange to exchange trade, except for real estate and intellectual property items;

6) the exchange biddings - the process which is carried out within Rules of the exchange, directed to transactions on exchange goods;

7) exchange collection - the fee charged by commodity exchange for the organization of the exchange biddings;

8) the settlement organization - the bank or the organization performing separate types of banking activities with which the commodity exchange and (or) clearing center sign agreements on order of interaction when carrying out the exchange biddings and implementing payment under the bargains concluded at the exchange biddings;

9) the client - the physical person or legal entity using services of the broker and (or) dealer for transactions with exchange goods;

10) the mode of classical trade - the trade mode in case of which address bargains between buyers and sellers famous each other on contract price of exchange goods are concluded;

11) the mode of double counter auction - the trade mode in case of which stock exchange transactions are concluded anonymously as a result of sales contest and buyers and the price of exchange goods is established on equilibrium level of the demand and supply;

12) the broker - the employee of commodity exchange, authorized to perform registration of the stock exchange transactions made by participants of the exchange biddings;

13) the terminal contract - the contract for unconditional or conditional purchase and sale of underlying asset with delayed execution, the future, the option concern to him;

14) option transaction - stock exchange transaction which object is the option;

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