/KASE, August 26, 2025/ – By a decision of the Management Board of
Kazakhstan Stock Exchange (KASE) dated August 26, 2025, changes and
additions No. 24 (amendments) to KASE's internal document were approved
"Rules of market makers' activities" (the Rules).
As of August 27, amendments will come into effect with regard to:
1) reduction of the maximum total duration of the timeout for securities (except
for securities included in the representative list of KASE Index), namely:
- for securities included in the representative list of KASE Index – 90
minutes;
- for securities included in the "KASE Global" sector – 192 minutes;
- for other corporate securities – 60 minutes;
- for government securities – 150 minutes;
2) mandatory announcement by the market maker of quotations during the
opening auction, starting from the eighth minute of its holding, and during
the closing auction;
3) establishing a gradual increase in the minimum volume of mandatory
quotations for affiliated market makers.
In addition, the Rules have been amended to bring them into line with the
amendments made to the Resolution No. 170 of the Board of the Agency of the
Republic of Kazakhstan for Regulation and Supervision of the Financial Market
and Financial Organizations "On Approval of the Rules for the Implementation of
Activities of Organization of Trading in Securities and Other Financial
Instruments" dated October 29, 2008 (Resolution), which provide for measures to
prevent market makers from performing their functions only in relation to specific
financial instruments for which violations were committed in the previous period.
These measures will be put into effect from the date of entry into force of the
amendments to the Resolution.
The updated text of the Rules will be published on KASE's official website at
https://kase.kz/en/kase_rules/ (tab "Trading" – "Market makers").
[2025-08-26]