Order of the Director of the National Agency for Promising Projects of the Republic of Uzbekistan on Approval of the Regulation on the Procedure for Making Securities Income Payments (Dividends, Interest) through the Joint Stock Company Central Depository for Securities and (or) Investment Intermediaries

Order of the Director of the National Agency for Promising Projects of the Republic of Uzbekistan, registered on June 28, 2024, registration number 3523

Date of entry into force

June 29, 2024

All

Reference to the next edition

Reference to the previous edition

Indexing according to CTUK

Indexing according to CMQ

Source of changes

Official publication source

April 17, 2026

June 29, 2024

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Russian Uzbek O’zb Uzbek|Russian

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;
2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

TSZ:

1. Finance / Securities. Securities Market]

Order of the Director of the National Agency for Promising Projects of the Republic of Uzbekistan on Approving the Regulation on the Procedure for Making Securities Income (Dividends, Interest) Payments through the CJSC Central Securities Depository and (or) Investment Intermediaries

[Registered by the Ministry of Justice of the Republic of Uzbekistan on June 28, 2024, registration number 3523]

In accordance with the Decision of the President of the Republic of Uzbekistan dated July 27, 2017, No. PQ-3150 "On Organizing the Activities of the National Agency for Promising Projects of the Republic of Uzbekistan" and the Decision dated September 2, 2023, No. PQ-291 "On Additional Measures for the Development of the Capital Market," I order:

1. Approve the Regulation on the Procedure for Making Securities Income (Dividends, Interest) Payments through the CJSC Central Securities Depository and (or) Investment Intermediaries in accordance with the Appendix.

2. This Order is coordinated with the Central Bank of the Republic of Uzbekistan.

3. This Order enters into force from the date of its official publication.

Director D. LI

Tashkent city, May 6, 2024, No. 4

Agreed: Chairman of the Central Bank M. NURMURATOV

April 29, 2024

Appendix To the Order of the Director of the National Agency for Promising Projects of the Republic of Uzbekistan dated May 6, 2024, No. 4

REGULATION On the Procedure for Making Securities Income (Dividends, Interest) Payments through the CJSC Central Securities Depository and (or) Investment Intermediaries

This Regulation establishes the procedure for paying securities income (dividends, interest) through the CJSC Central Securities Depository (hereinafter referred to as the Central Depository) and (or) investment intermediaries, as well as for maintaining accounts of unclaimed income (dividends, interest).

The requirements of this Regulation apply to emission securities in the form of shares and bonds (hereinafter referred to as securities), except for state securities.

Chapter 1. General Provisions

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;

2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

3. The following main concepts are used in this Regulation:

securities income — funds received directly in the form of dividends or interest as a result of ownership of securities;

owners of securities — legal or natural persons to whom securities belong on the basis of ownership rights or other property rights;

registry of owners of securities — a list formed as of a specified date for registered owners of securities, indicating the name of the owner to whom they belong, the name of the issuer of the securities, the number, nominal value, type, and class of these securities, as well as information enabling the sending of information to persons registered in the registry;

issuer — a legal entity issuing emission securities and having obligations towards the owners of these securities;

personal account — an account opened in the Central Depository for the payment and accounting of securities income for owners of securities;

National Agency for Promising Projects of the Republic of Uzbekistan — the authorized state body regulating the activity of the securities market.

See previous edition.

2. Dividend payments are carried out automatically to the existing bank account of the shareholder through the Central Depository and (or) investment intermediaries. In this case, the joint-stock company has the right not to require an application from the shareholder regarding the payment of dividends.

Interest payments (coupons) and redemption of corporate bonds are carried out exclusively through the Central Depository.

(Paragraph 2 in the edition of the Order of the Director of the National Agency for Promising Projects of the Republic of Uzbekistan dated April 6, 2026, No. 13 (registration number 3523-1, dated 15.04.2026) — National Database of Legislative Information of the Republic of Uzbekistan, dated 17.04.2026, No. 10/26/3523-1/0370)

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;

2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

3. Securities income is paid to owners of securities by the Central Depository and (or) investment intermediary on the basis of a contract (hereinafter referred to as the contract) concluded between the issuer and the Central Depository and (or) investment intermediary.

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;

2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

3. Payment of securities income belonging to foreign nominal custodians, investment intermediaries, and their customers is carried out in accordance with a contract concluded between the Central Depository and the foreign nominal custodian and (or) investment intermediary.

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;

2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

3. Personal accounts are opened in the Central Depository for the issuer and owners of securities for the purpose of paying securities income.

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;

2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

3. The collection of funds from personal accounts of the issuer or owners of securities for the obligations of the Central Depository and (or) investment intermediary is prohibited.

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;

2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

3. The Central Depository and (or) investment intermediary may not use funds from personal accounts for its own purposes or for the benefit of third parties.

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;

2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

3. Interest (bonuses) are not calculated on the balance of funds in the personal accounts of owners of securities.

Chapter 2. Payment of Securities Income

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;

2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

3. Calculation and payment of securities income are carried out on the basis of the scheme attached to this Regulation.

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;

2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

3. A service contract between the issuer and the Central Depository and (or) investment intermediary regarding the payment of dividends on shares is concluded at least 30 days before the date on which the governing body of the issuer adopts a decision on the payment of dividends.

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;

2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

3. The Central Depository, based on the issuer's instruction, forms the registry of share owners and submits it to the issuer within three days.

The Central Depository calculates the interest income payable on bonds based on the issuer's instruction, forms the registry of bond owners, and submits it to the issuer within three days.

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;

2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

3. Within ten days from the date the governing body of the issuer adopts a decision on the payment of dividends, the issuer submits a letter to the Central Depository regarding the formation of the registry of share owners for the calculation and payment of dividends.

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;

2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

3. Within two business days from the date of receipt of the issuer's letter, the Central Depository compiles the registry of share owners for the calculation and payment of dividends and submits it to the issuer for the purpose of carrying out tax calculations on dividends.

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;

2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

3. The following serve as the basis for the Central Depository to compile the registry of owners of securities for the purpose of calculating and paying securities income:

for dividends on shares, the decision of the issuer's governing body regarding the amount of dividends announced on shares (a copy of the protocol of the issuer's authorized governing body);

for bonds, the decision on the issuance of securities and, if available, the securities offering prospectus.

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;

2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

3. The Central Depository sends an electronic notification to the owners of securities entered in the registry regarding the future payment of securities income using information and communication technologies (personal account, e-mail, SMS, SWIFT) and posts it on the official website of the Central Depository within one business day from the date the registry is formed.

If the contract is concluded between the issuer and the investment intermediary, the Central Depository submits the registry of owners of securities to the investment intermediary within one business day from the date the registry is formed, and the investment intermediary carries out the actions specified in the first part of this paragraph.

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;

2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

3. The notification regarding the payment of securities income sent to natural persons shall contain a link to the mobile application of the Central Depository and (or) investment intermediary, which can be downloaded to a mobile device.

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;

2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

3. The Central Depository, based on the issuer's instruction, opens personal accounts for the issuer and persons entered in the registry of owners of securities for the accounting and payment of securities income.

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;

2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

3. Before opening personal accounts for owners of securities, the Central Depository checks their presence in the list of persons involved in terrorist activity or the dissemination of weapons of mass destruction, or suspected of such involvement, and takes measures established by legislation.

LexUZ Comment See: Law of the Republic of Uzbekistan "On the Securities Market".

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;

2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

3. Personal accounts opened for natural persons may be managed remotely by the owners of these accounts using the mobile application of the Central Depository and (or) investment intermediary (if available).

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;

2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

3. After calculating and paying the relevant taxes on the securities, the issuer submits the registry of owners of the respective securities to the Central Depository and (or) investment intermediary, indicating the amount to be paid, and transfers the funds to be paid to the owners of securities to the Central Depository and (or) investment intermediary.

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;

2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

3. Within two business days from the date the securities income is received, the Central Depository and (or) investment intermediary transfer the funds belonging to natural persons entered in the registry of owners of securities to their personal accounts.

OKOZ:

1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities;

2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary]

3. Securities income for legal entities entered in the registry of security holders is transferred to the bank accounts of the legal entities indicated in the registry of security holders by the Central Depository and (or) investment intermediary within three business days from the day the income is received. [OKAZ:

07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities; 2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary] Send comments on the document Listen to audio Get a reference from the document element 23. If the securities income to be paid is transferred by the issuer in an amount that is not full or not in full, the Central Depository and (or) investment intermediary shall make payments proportionally, rounded to the nearest 1 (one) tiyin of the total payment amount to all security holders. Send comments on the document Listen to audio Get a reference from the document element In this case, it is not allowed to pay income on securities to some security holders earlier or later than to others. Send comments on the document Listen to audio Get a reference from the document element If the issuer transfers securities income for payment to security holders in an amount that is not full or not in full, the Central Depository and (or) investment intermediary shall notify the state authority authorized to regulate the securities market without delay from two business days. [OKAZ: 1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities; 2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary] Send comments on the document Listen to audio Get a reference from the document element 24. After securities income is transferred to the personal accounts of individuals, individuals may transfer these funds to their bank accounts, including bank cards, opened in commercial banks using the mobile application of the Central Depository and (or) investment intermediary. [OKAZ: 1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities; 2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary] Send comments on the document Listen to audio Get a reference from the document element 25. The Central Depository and (or) investment intermediary submits a report on the operations performed to the issuer within three days after securities income is paid to security holders. Send comments on the document Listen to audio Get a reference from the document element Chapter 3. Accounting for Unclaimed Securities Income [OKAZ: 1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities; 2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary] Send comments on the document Listen to audio Get a reference from the document element 26. If there is no possibility to pay securities income according to the bank details of legal entities (absence of bank details, errors in the indicated bank account resulting in non-payment or return by the receiving bank, etc.) and if the information of individuals is insufficient to open a personal account, securities income is transferred to the Unidentified Personal Account opened at the Central Depository. [OKAZ: 1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities; 2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary] Send comments on the document Listen to audio Get a reference from the document element 27. Accounting for securities income in the Unidentified Personal Account is maintained separately for each security holder, and the use of these funds for other purposes is not allowed. [OKAZ: 1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities; 2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary] Send comments on the document Listen to audio Get a reference from the document element 28. Securities income in the Unidentified Personal Account is stored until claimed by the security holder or their heir. [OKAZ: 1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities; 2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary] Send comments on the document Listen to audio Get a reference from the document element 29. The Central Depository and (or) investment intermediary must identify the security holder or their heir who applied to receive securities income from the Unidentified Personal Account and transfer the securities income to their accounts within five business days. [OKAZ: 1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities; 2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.04.00 Professional Activity in the Securities Market / 07.24.04.01 Investment Intermediary] Send comments on the document Listen to audio Get a reference from the document element 30. The Central Depository and (or) investment intermediary submits information about securities income in the Unidentified Personal Account to the National Agency of the Republic of Uzbekistan for Prospective Projects no later than the 10th day of the month following the reporting month. Send comments on the document Listen to audio Get a reference from the document element Chapter 4. Final Provisions Send comments on the document Listen to audio Get a reference from the document element 31. Persons violating the requirements of this Regulation are liable in accordance with legislative acts. LexUZ commentary See: Article 174 of the Code of the Republic of Uzbekistan on Administrative Liability. Send comments on the document Listen to audio Get a reference from the document element Send comments on the document Listen to audio Get a reference from the document element Regulation on the Procedure for Implementing Securities Income (Dividends, Interest) Payments through the Joint Stock Company "Central Securities Depository" and (or) Investment Intermediaries APPENDIX Send comments on the document Listen to audio Get a reference from the document element Scheme for Calculating and Paying Securities Income Send comments on the document Listen to audio Get a reference from the document element Send comments on the document Listen to audio Get a reference from the document element Send comments on the document Listen to audio Get a reference from the document element

Steps

Executor

Measures

Deadlines

Stage 1

Issuer

1. Conclude a contract with the Central Depository and (or) investment intermediary regarding the implementation of dividend payments on shares.

30 days before the decision on dividend payment is adopted

2. Conclude a contract with the Central Depository and (or) investment intermediary regarding the implementation of interest payments on bonds.

Before paying interest

Stage 2

Central Depository

1. Form and submit to the issuer the registry of share holders based on the issuer's order.

2. Calculate interest income payable on bonds based on the issuer's order and submit the registry of bond holders to the issuer.

3 days

Stage 3

Issuer

Submit an order to the Central Depository to form the registry of share holders for calculating and paying dividends.

Within 10 days from the date the decision on dividend payment is adopted

Stage 4

Central Depository

1. Compile the registry of share holders for calculating and paying dividends and submit it to the issuer for tax calculations on dividends.

2 business days

2. Send an electronic notification to security holders entered in the registry about the future payment of securities income using information communication technologies (personal account, e-mail, SMS, SWIFT) and post it on its official website.

3. If the contract is concluded between the issuer and the investment intermediary, submit the registry of security holders to the investment intermediary.

1 business day from the date the registry is formed

Stage 5

Issuer

Submit the registry of security holders to the Central Depository and (or) investment intermediary after calculating and paying the relevant taxes on securities, and transfer the funds to be paid to security holders to the Central Depository and (or) investment intermediary.

Within the agreed deadline

Stage 6

Central Depository and (or) investment intermediary

1. Transfer securities income to the personal accounts of individuals entered in the registry of security holders.

2 business days

2. Transfer securities income to legal entities entered in the registry of security holders to the bank accounts of the legal entities indicated in the registry of security holders.

3 business days

3. If facts of partial or incomplete payment of income on securities by the issuer are identified, notify the state authority authorized to regulate the securities market.

Without delay from 2 business days

4. Submit a report on operations performed to the issuer after securities income is paid to security holders.

3 days

Stage 7

Central Depository and (or) investment intermediary

1. If there is no possibility to pay securities income according to the bank details of legal entities (absence of bank details, errors in the indicated bank account resulting in non-payment or return by the receiving bank, etc.) and if the information of individuals is insufficient to open a personal account, transfer securities income to the Unidentified Personal Account opened at the Central Depository.

On the same day

2. Identify the security holder or their heir who applied to receive securities income from the Unidentified Personal Account and transfer the securities income to their accounts.

5 business days

3. Submit information about securities income in the Unidentified Personal Account to the National Agency of the Republic of Uzbekistan for Prospective Projects monthly.

No later than the 10th day of the month following the reporting month

(National Database of Legislative Information, 29.06.2024, No. 10/24/3523/0454; 17.04.2026, No. 10/26/3523-1/0370)