Regulatory Alerts2014-09-12 | ЎРҚ-375Added · Updated
On Amendments and Additions to the Law of the Republic of Uzbekistan 'On Exchanges and Exchange Activity'
This law approves a new edition of the Law of the Republic of Uzbekistan 'On Exchanges and Exchange Activity', establishing the legal framework for the organization and operation of exchanges. It defines exchanges as legal entities organized as joint-stock companies, outlines their governance structures including the board of directors, and specifies their rights and obligations such as organizing trading, clearing, and price formation. The legislation also regulates the types of goods eligible for exchange trading, the rules for exchange auctions, the status of exchange members (dealers, market-makers, brokers), and the regulatory authorities for commodity, fund, and currency exchanges.
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