Regulatory Alerts2013-03-28 | 115416Rules for Trading Securities of the Kyrgyz Republic in the Secondary Market through the Automated Trading System of the National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issues these Rules to govern securities trading in the secondary market through its Automated Trading System (ATS), establishing eligibility criteria for commercial banks and other financial institutions. The Rules define procedures for outright and repurchase (repo) transactions, detailing order submission via negotiation and anonymous modules, automatic pricing calculations, and delivery-versus-payment settlement mechanisms. Trading Participants must adhere to conduct principles, maintain sufficient funds and securities in designated accounts, and face suspension for repeated violations or non-fulfillment of obligations.
Share