It is registered
Ministry of Justice
Republic of Uzbekistan
On November 21, 2008 No. 1872
of October 28, 2008 No. 2008-29
About approval of the Regulations on activities transfer agent
According to the Law of the Republic of Uzbekistan "About the security market" (Collection of the legislation of the Republic of Uzbekistan, 2008, Art. No. 29-30, 278) and the Regulations on the Center for coordination and market development of securities in case of Goskomkonkurention of the Republic of Uzbekistan approved by the resolution of the Cabinet of Ministers of the Republic of Uzbekistan of March 30, 1996 No. 126 (Collection of the orders of the Government of the Republic of Uzbekistan, 1996, 3, of the Art. 11) I order to No.:
1. Approve Regulations on activities transfer agent according to appendix.
Tolipov K. F.
Approved by the Order of the CEO of the Center for coordination and control of functioning of the security market under the State Property Committee of the Republic of Uzbekistan
This Provision according to the Law of the Republic of Uzbekistan "About the security market" and the Regulations on the Center for coordination and market development of securities in case of Goskomkonkurention of the Republic of Uzbekistan approved by the resolution of the Cabinet of Ministers of March 30, 1996 No. 126, determines procedure for activities transfer agent.
1. For the purpose of this provision the following basic concepts are used:
the investor - the legal entity or physical person acquiring securities on its own behalf and at own expense;
transfer agent - the legal entity rendering services in acceptance, processing and document transfer, belonging to system of accounting of the rights to securities;
the client transfer agent (client) - the issuer, and also persons making security transactions;
the issuer - the legal entity issuing issued securities and incurring obligations on them to their owners;
the owner of securities (owner) - legal entity or physical person to which securities belong on the property right or other corporeal right;
Central Securities Depository (The central depositary) - the state depositary which provides uniform storage system, accounting of the rights and movement of issued securities on custody accounts;
authorized state body on regulation of the security market - the Center for coordination and market development of securities in case of Goskomkonkurention of the Republic of Uzbekistan.
2. Creation, reorganization and liquidation transfer agent as the legal entity are performed according to the procedure, established by the legislation.
3. Activities licensing transfer agent is performed by authorized state body on regulation of the security market.
4. The transfer agent has the right to combine professional activity in the security market according to the procedure established by the legislation.
5. Ceased to be valid according to the Order registered by the Ministry of Justice of the Republic of Uzbekistan of 23.12.2015 No. 1272-2
6. In the security market in quality transfer agent it is necessary for implementation of professional activity:
have the corresponding license of authorized state body on regulation of the security market;
have at least two workers with the competence certificate of the specialist of the security market;
provide observance of requirements of the legislation to the size of own means;
observe the legislation on the security market;
fulfill other requirements established by the legislation.
7. The transfer agent renders services to investors, owners of securities and issuers in accordance with the terms of the agreement signed with them according to the procedure, established by the legislation.
8. Conditions of the conclusion of the agreement transfer agent with the client are regulated according to the legislation.
9. In case of execution of the obligations to the client the transfer agent shall act for the benefit of the client. In case of conflict of interest the transfer agent shall inform the client and fulfill the obligations to the client in first-priority procedure.
rendering assistance in filling of necessary documents with them on security transaction;
provision of documents from their name in the Central depositary or to the investment intermediary for registration of security transaction;
provision in depositary of the documents necessary for write-off of the securities alienated by the owner into the account of the investor who acquired them;
provision in the Central depositary or to the investment intermediary of the documents necessary for the conclusion of the depositary agreement, the documents relating to the depositary agreement, and also necessary documents for transfer of the securities acquired by the investor;
provision in the Central depositary or to the investment intermediary of the documents necessary for the conclusion of the agreement relating to the agreement, and also the necessary for transfer securities acquired by the investor;
transfer of documents to the clients following the results of registration of their security transactions, and also reports on execution of depository operations.
transfer of requests of the issuer for forming of registers of owners of securities to the Central depositary;
obtaining from the Central depositary of registers of owners of the securities created on the issuer's requests provided transfer agent;
delivery to the issuer of the registers of owners of securities received from the Central depositary;
organization and holding general shareholder meeting.
12. On condition of representation transfer agent of complete packet of correctly processed documents the Central depositary and investment intermediaries has no right to refuse transfer agent registration of transactions of his clients, transfer, write-off of their securities because of absence of clients.
13. Providing documents on behalf of the clients transfer agent guarantees authenticity of their signatures and reality of their powers reflected in the submitted documents.
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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