What do the exchange trading rules provide ?

    Ministry of Trade and Integration of the Republic of Kazakhstan

    Question

    What do the exchange trading rules provide ?

    Answer

    In accordance with the Law of the Republic of Kazakhstan dated December 30, 2021 "On Amendments and Additions to certain Legislative Acts of the Republic of Kazakhstan on trading activities, development of exchange trading and protection of personal data", the Ministry has developed a draft Rules of exchange trading (hereinafter - the Rules)

    The rules of exchange trading provide for the following basic norms:

    division of goods and trades into sections, with separate requirements for them;
    the establishment of a unified accreditation of brokers and dealers, with the simultaneous lifting of the ban on their participation in several commodity exchanges;
    measures are envisaged to increase the intra-country value in the purchased goods.
    On February 4, 8 and 11, 2022, discussions of the Rules with representatives of the business community were held through the ZOOM platform.

    During the discussion of the Rules, business representatives noted the need for the introduced norms.

    At the same time, the business community made a number of comments and suggestions on supplementing and changing certain rules of the Rules. All these comments and suggestions will be discussed and considered in detail by the Ministry in the near future.

    Related materials