Article 10. Exchange Trading Rules of the Commodity Exchange Act

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1. The rules of exchange trading determine the order of activity of participants in exchange trading when making exchange transactions with exchange-traded goods.

2. The rules of exchange trading include:

1) conditions and procedure for the accreditation of brokers, dealers and market makers, suspension and termination of their accreditation;

2) the conditions and procedure for the accreditation of dealers with an industrial certificate, suspension and termination of their accreditation; - Excluded by the Law of the Republic of Kazakhstan.

3) terms of operation of market makers;

4) conditions and procedure for the application of automated algorithms in the process of participation in stock trading;

5) conditions and procedure for registration of clients as participants in exchange trading;

 6) the procedure for conducting exchange trading;

7) the procedure for conducting exchange trading in fixed-term contracts;

 8) conditions of exchange trading for goods included in the list of socially significant exchange-traded goods (requirements for participants in exchange trading, the maximum and minimum size of a trading lot in one trading session, the range of price bids, the volume of goods sold, the availability of documents confirming the facts of payment and delivery (shipment) of exchange-traded goods, and other conditions);

9) the procedure for exchange trading of non-standardized goods, which provides, among other things, for increasing the domestic value of goods purchased by subsurface users, taking into account the international obligations of the Republic of Kazakhstan; - Excluded by the Law of the Republic of Kazakhstan.

10) the procedure for determining the amount of exchange-traded collateral;

11) the procedure for making settlements on transactions with exchange-traded goods concluded at exchange auctions;

12) the procedure for interaction with self-regulating organizations;

13) the procedure for ensuring the legality of an exchange transaction by the members of the commodity exchange;

14) conditions and procedure for the suspension and resumption of stock trading on the commodity exchange;

15) the procedure for the formation and organization of the activities of exchange arbitration, as well as dispute resolution mechanisms related to the conclusion of exchange transactions with exchange-traded goods;

16) the procedure for accepting (approving) documents on exchange trading;

17) the procedure for accounting and registration of exchange and over-the-counter transactions;";

18) the procedure for setting the amount of the exchange fee and securing applications;

19) the procedure for submitting reports by the commodity exchange to the authorized body;

IZPI's note! Subparagraph 20) is provided for in the wording of the Law of the Republic of Kazakhstan dated 07/01/2024 No. 107-VIII (effective from 01/01/2025).

20) the procedure for conducting government and other purchases through the commodity exchange; - Excluded by the Law of the Republic of Kazakhstan.

21) the procedure for posting information about the ongoing exchange trades on the commodity exchange's Internet resource;

22) conditions for determining the financial stability of participants in exchange trading by categorizing them;

23) the procedure for dividing goods and trading on the commodity exchange into sections and setting separate requirements for each section. - Excluded by the Law of the Republic of Kazakhstan.

Separate requirements for sections engaged in exchange trading of petroleum products and liquefied petroleum gas include:

requirements for commodity exchanges where the sale of the corresponding standardized goods is allowed, and the procedure for confirming the compliance of commodity exchanges with such requirements;

requirements for participants in exchange trading of the relevant standardized goods;

requirements for the organization and conduct of exchange trading in the relevant standardized goods.

3. On organizational and technical issues related to the organization and conduct of trading in commodities that are not regulated by the rules of exchange trading and require additional regulation, the commodity exchange has the right to approve the relevant internal documents of the commodity exchange.

The Law of the Republic of Kazakhstan dated May 4, 2009 No. 155-IV.

This Law regulates public relations arising in the course of commodity exchanges and exchange trading, establishes the procedure for regulating and state control over the activities of commodity exchanges in order to ensure their open and effective functioning, protect the rights of participants in exchange trading and fair competition between them.

President

Republic of Kazakhstan

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