Members should familiarise themselves with the AIX Business Rules and AIX CSD Business Rules and ensure that they are in compliance with the relevant requirements.

To help Members to understand AIX's key requirements and standards, AIX has developed the Guide to the Key Continuing Obligations.

If you have questions concerning the continuing obligations, please contact the Member Regulation Team.

It is important for AIX to ensure that its Member records remain up-to-date so that it has access to the correct information in the event of queries and problems.

A Member, wishing to change:

• Their membership profile (name, address, senior executive officer, Representative (MR6) or compliance officer), can update the relevant details by emailing the Member Regulation Team;
• The list of traders having access to AIX Trading Facilities, can send a change request as signed off by the Member's Representative to the Market Operations Team;
• The list of users having access to post-trade system, can send a change request as signed off by the Member's Responsible Person to the Clearing & Settlement Team;
• The list of Authorised Signatories or Responsible Person, can send a change request to the Clearing & Settlement Team.

AIX expects its Members to operate on AIX Markets in compliance with the AIX Business Rules and AIX CSD Business Rules. The Member Regulation Team conducts annual compliance reviews, during which the Members are required to complete and submit via [email protected] the following documents:

• Compliance Statement;
• Capital Adequacy Statement;
• Wolfsberg Group Financial Crime Compliance Questionnaire (FCCQ);
• Supporting documents as specified in the above questionnaires.

Following receipt and review of each completed questionnaire, the AIX Member Regulation Team determines whether clarifications or further discussions are required, either in a meeting or conference call.

If you have questions concerning the oversight programme, please contact the Member Regulation Team.

AIX is committed to bringing transparency to the AIX Markets through pre- and post-trade data.

Order Book transactions are reported automatically and disseminated to the market immediately. Real time Market Data is displayed at AIX Market Watch.

Off-the-Order Book (OTC) transactions are published at OTC Trade Reporting within one business day after receiving a transaction report from Member. Trades executed away from the Order Book must be reported by the Members via Trade Reporting using a template. For further details please refer to the OTC Transaction Reporting Requirements and/or contact the Market Supervision Team.

A Member that intends to act as a Market Maker in Admitted Securities should contact the Market Operations Team to discuss assessment requirements and applicable conditions.

Securities lending and borrowing (SLB) is available to appointed Market Makers after being authorised by AIX CSD Regulation Team. SLB may also be used to prevent settlement failures. The SLB Programme is governed by the industry-standard Global Market Securities Lending Agreement (GMSLA) or any other agreement accepted by AIX CSD. Market makers entering into a valid GMSLA with an authorized lender will be allowed to perform covered short selling.

For further details please refer to the SLB Procedures and/or contact the SLB Team.

A Member that intends to act as a participant in REPO Market should submit an application form to the Member Regulation Team and comply with the requirements in the AIX Membership Rules, AIX Trading Rules, AIX CSD Business Rules and AIX Default Rules, except to the extent otherwise provided in AIX REPO Market Eligibility Requirements & Operational Procedures.

AIX REPO Market is open in Continuous Trading mode from 12:00 to 15:30 Astana time on regular Business Days based on the AIX Trading Calendar. The REPO market is limited to transactions on equites denominated in USD. The settlement will be conducted in the Avenir depository system, which is operated by AIX CSD.

Settlement of the start leg of a repo transaction will be carried out on T-0 basis in close to real-time mode after the transaction itself. The closing leg will be set as the settlement date of the start leg plus the number of days of the repo period (+1 / +7 / +14 / +28). More details are set out in the AIX REPO Market Eligibility Requirements & Operational Procedures.

REPO participants should take note of corresponding REPO transaction fees.

A Member appointed by an issuer as a bookrunner of an offering may apply for a Book-Building Service provided by AIX on the AIX trading platform. For further details please refer to the AIX Book-Building Service and/or contact the Market Operations Team.

End-of-Day Valuation Service is available upon subscription and provides daily valuation of all securities tradeable on AIX. For further details please refer to the End-of-Day Valuation Service and/or contact the Market Operations Team.