RESOLUTION OF THE CABINET OF MINISTERS OF THE REPUBLIC OF UZBEKISTAN

of March 18, 2020 No. 170

About additional measures for widespread introduction of the advanced information technologies in activities of the commodity and raw exchanges and to consecutive development of electronic commerce

(Extraction)

For the purpose of realization of the tasks determined in the resolution of the President of the Republic of Uzbekistan of October 8, 2019 No. PP-4484 "About measures for increase in efficiency of activities of the commodity and raw exchanges and further enhancement of mechanisms of stock exchange trading", increases in level of transparency of the exchange and electronic biddings organized by the commodity and raw exchanges and also non-admissions of possibility of intervention in process of the electronic biddings and misstatement of their results the DECIDES: Cabinet of Ministers

2. Approve the Actions plan on enhancement of mechanisms of stock exchange trading and the main directions of increase in efficiency of activities of JSC UZRTSB according to appendix No. 1*:

implementation of the innovative IT technologies providing transparency of the held auction and also which is not allowing possibility of intervention in the organization and carrying out the electronic biddings on all exchange platforms and misstatements of their results;

the organization of the effective and comprehensive analysis of environment of the goods markets, including the factors having significant effect on environment of the goods markets for the purpose of forecasting of the prices, demand and offers;

enhancement of forms of carrying out the exchange biddings and implementation of new instruments of trade, including the accelerated development of electronic commerce;

implementation of the modern and effective financial and HR-menedzhmentny methods meeting the requirements of the international standards.

4. Approve Regulations on procedure for realization of highly liquid and exclusive products at the exchange biddings according to appendix No. 2 *, providing the following main mechanisms:

forming of amount of the highly liquid and exclusive products sold at the exchange biddings, determination of their starting prices and the mechanism of settlement;

implementation of the "forward" type of trade providing the conclusion at the exchange biddings of transactions of purchase and sale of products with delivery condition with delay for the term of more than 1 month;

establishment of procedure for realization for export of highly liquid and exclusive products through the exchange biddings;

calculation of the weighted average stock exchange quotations and conducting monitoring of prices for products.

5. Recognize invalid some decisions of the Government of the Republic of Uzbekistan according to appendix No. 3.

6. Make changes and additions to some decisions of the Government of the Republic of Uzbekistan according to appendix No. 4.

*) Appendices No. No. 1 - 2 are not given.

Appendix No. 3

to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of March 18, 2020 No. 170

The list of some decisions of the Government of the Republic of Uzbekistan recognized invalid

1. The resolution of the Cabinet of Ministers of February 5, 2004 No. 57 "About further implementation of market mechanisms of realization of highly liquid types of products, raw materials and materials" (the joint venture of the Republic of Uzbekistan, 2004, No. 2, the Art. 10).

2. Item 2 of appendix No. 2 to the resolution of the Cabinet of Ministers of May 26, 2005 No. 132 "About enhancement of settlement between consumers of natural gas and the gas supplying organizations" (the joint venture of the Republic of Uzbekistan, 2005, No. 5, the Art. 28).

3. The resolution of the Cabinet of Ministers of June 28, 2006 No. 124 "About approval of the Regulations on procedure for development and introduction on approval of material balances" (the joint venture of the Republic of Uzbekistan, 2006, No. 6, the Art. 46).

4. Item 3 appendices to the resolution of the Cabinet of Ministers of September 15, 2006 No. 197 "About modification of some decisions of the Government of the Republic of Uzbekistan" (the joint venture of the Republic of Uzbekistan, 2006, No. 9, the Art. 67).

5. Items 9 and 14 of appendix to the resolution of the Cabinet of Ministers of October 9, 2006 No. 213 "About modification of some decisions of the Government of the Republic of Uzbekistan" (the joint venture of the Republic of Uzbekistan, 2006, No. 10, the Art. 75).

6. Item 55 of appendix No. 1 to the resolution of the Cabinet of Ministers of November 10, 2006 No. 235 "About modification and amendments, and also recognition voided some decisions of the Government of the Republic of Uzbekistan" (the joint venture of the Republic of Uzbekistan, 2006, No. 11, the Art. 86).

7. The resolution of the Cabinet of Ministers of November 25, 2006 No. 244 "About modification and amendments in the resolution of the Cabinet of Ministers of February 5, 2004 No. 57 "About further implementation of market mechanisms of realization of highly liquid types of products, raw materials and materials" (the joint venture of the Republic, 2006, No. 11, the Art. 90).

8. The resolution of the Cabinet of Ministers of October 23, 2007 No. 222 "About introduction of amendments to the resolution of the Cabinet of Ministers of February 5, 2004 No. 57 "About further implementation of market mechanisms of realization of highly liquid types of products, raw materials and materials" (the joint venture of the Republic, 2007, No. 10, the Art. 58).

9. The resolution of the Cabinet of Ministers of March 4, 2008 No. 36 "About enhancement of the mechanism of procedure for exposure of exclusive types of products to the exchange biddings taking into account the seasonal demand" (SZ of the Republic of Uzbekistan, 2008, Art. No. 10-11, 60).

10. Item 3 appendices to the resolution of the Cabinet of Ministers of March 13, 2008 No. 42 "About modification of some decisions of the Government of the Republic of Uzbekistan in connection with enhancement of settlement system for supply of oil products" (SZ of the Republic of Uzbekistan, 2008, Art. No. 10-11, 63).

11. Item of 1 appendix to the resolution of the Cabinet of Ministers of February 17, 2010 No. 23 "About measures for implementation of the Law of the Republic of Uzbekistan "About power industry" (the joint venture of the Republic of Uzbekistan, 2010, No. 2, the Art. 9).

12. Item 2 appendices to the resolution of the Cabinet of Ministers of April 7, 2010 No. 66 "About modification of some decisions of the Government of the Republic of Uzbekistan" (the joint venture of the Republic of Uzbekistan, 2010, No. 4, the Art. 16).

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