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The document ceased to be valid since  September 6, 2018 according to Item 1 of the Resolution of the Center for coordination and market development of securities in case of Goskomkonkurention of the Republic of Uzbekistan, the State committee of the Republic of Uzbekistan on assistance to the privatized companies and development of the competition of August 7, 2018 No. 2018-7, No. 02/28-10/32

It is registered

Ministry of Justice

Republic of Uzbekistan

On May 1, 2008 No. 1801

THE RESOLUTION OF THE CENTER FOR COORDINATION AND CONTROL OF FUNCTIONING OF THE SECURITY MARKET UNDER THE STATE PROPERTY COMMITTEE OF THE REPUBLIC OF UZBEKISTAN, THE STATE COMMITTEE OF THE REPUBLIC OF UZBEKISTAN ON MANAGEMENT OF THE STATE-OWNED PROPERTY

of April 2, 2008 No. 2008-06, 2 of April, 2008 No. 01/TsKKFRTsB-18/02

About approval of the Regulations on procedure for obligatory listing on the stock exchange of the joint-stock companies having the authorized capital over 500 million bags

(as amended on 01-08-2014)

According to the Resolution of the President of the Republic of Uzbekistan of September 27, 2006 No. PP-475 "About measures for further market development of securities" (Collection of the legislation of the Republic of Uzbekistan, 2006, No. 39. stations 387, No. 51-52, of the Art. 507), and the State Property Committee of the Republic of Uzbekistan decide the Center for coordination and control of functioning of the security market under the State Property Committee of the Republic of Uzbekistan:

1. Approve the enclosed Regulations on procedure for obligatory listing on the stock exchange of the joint-stock companies having the authorized capital over 500 million bags.

2. This resolution becomes effective after ten days from the moment of its state registration in the Ministry of Justice of the Republic of Uzbekistan.

CEO

Center for coordination

and to control of functioning

the security market in case of

State Property Committee

 

 

 

 

Tolipov K. F.

Chairman

State committee

on management

state-owned property

 

 

 

Musayev D. O.

Approved by the Resolution of the Center for coordination and control of functioning of the security market and the State Property Committee of the Republic of Uzbekistan of April 2, 2008 No. No. 2008-06, 01/TsKKFRTsB-18/02

Regulations on procedure for obligatory listing on the stock exchange of the joint-stock companies having the authorized capital over 500 million bags

This Provision according to the Resolution of the President of the Republic of Uzbekistan of September 27, 2006 N PP-475 "About measures for further market development of securities" (The collection of the legislation of the Republic of Uzbekistan, 2006, N 39, of the Art. 387, of N 51-52, Art. 507) determines procedure for obligatory listing on the stock exchange of the joint-stock companies having the authorized capital over 500 million bags.

I. General provisions

1. For the purpose of this provision the following basic concepts are used:

listing - the procedure of the admission on the biddings of stock exchange of securities of joint-stock companies, with their inclusion in the official exchange bulletin;

rules of stock exchange trading - the rules of the securities trading at the exchanges developed and approved by the supreme body of management of stock exchange in compliance the legislation;

authorized state body - the Center for coordination and market development of securities in case of Goskomkonkurention.

stock exchange - the legal entity creating conditions for the securities trading by the organization and carrying out the public and public exchange biddings on the basis of statutory rules in in advance determined place and in certain time;

The central depositary - Central Securities Depository of the Republic of Uzbekistan.

2. This Provision does not extend to commercial banks.

3. The procedure for carrying out exchange listing is determined by rules of stock exchange trading of stock exchange.

4. Transactions on purchase and sale of the securities included in official listing of stock exchange are performed only on the trading floors of this stock exchange, except as specified, established by the legislation.

II. Passing of the procedure of obligatory listing

5. Obligatory passing of the procedure of listing is performed according to rules of stock exchange trading of stock exchange.

6. On the stock exchange the joint-stock companies conforming to the following requirements are subject to obligatory passing of the procedure of listing:

authorized capital over 500 million bags;

500 and more shareholders;

the indicators of financial and economic activities meeting the requirements of listing.

7. For the purpose of determination of the annual list of the joint-stock companies which are subject to obligatory listing:

The central depositary no later than March 15 every year represents to stock exchange the list of joint-stock companies with the authorized capital over 500 million bags and number of shareholders of 500 and more persons;

the stock exchange within 10 working days after receipt of the list from the Central depositary in writing notifies joint-stock companies from the list on carrying out measure calculations of financial and economic activities for the procedure of listing.

8. In case of compliance of joint-stock company to requirements, stipulated in Item the 6th this provision, the stock exchange includes joint-stock company in the official exchange bulletin according to the procedure, established by rules of stock exchange trading of stock exchange.

9. The joint-stock companies which are not subject to the obligatory listing having the right to undergo the procedure of listing according to the procedure, provided by rules of stock exchange trading of stock exchange.

10. The method of calculation of indicators of financial and economic activities and their normative values for the purposes of listing affirm stock exchange.

11. The stock exchange shall provide access for interested persons to method of calculation of indicators of financial and economic activities, stock exchange rules, and also other documents and information.

12. Measure calculation of financial and economic activities is perfromed based on data of the financial reporting of joint-stock company certified by auditing organization of joint-stock company.

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