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Ministry of Justice

Republic of Uzbekistan

On January 7, 2011 No. 2178

RESOLUTION OF THE STATE COMMITTEE OF THE REPUBLIC OF UZBEKISTAN ON DEMONOPOLIZATION AND DEVELOPMENT OF THE COMPETITION OF THE MINISTRY OF ECONOMICS OF THE REPUBLIC OF UZBEKISTAN

of December 7, 2010 No. 16

About approval of the Regulations on accounting treatment for amounts of the products exposed on the exchange biddings, including repeatedly exposed

(as amended on 28-08-2017)

According to resolutions of the Cabinet of Ministers of the Republic of Uzbekistan of February 5, 2004 No. 57 "About further implementation of market mechanisms of realization of highly liquid types of products, raw materials and materials" (Collection of the legislation of the Republic of Uzbekistan, 2004, No. 5, the Art. 57), 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" (Collection of the legislation of the Republic of Uzbekistan, 2008, Art. No. 10-11, 60), the State committee of the Republic of Uzbekistan on privatization, demonopolization and development of the competition and the Ministry of Economics of the Republic of Uzbekistan decide:

1. Approve Regulations on accounting treatment for amounts of the products exposed on the exchange biddings, including repeatedly exposed according to appendix.

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

Chairman of the State committee on demonopolization and development of the competition

Zh. Ismailov

 

 

Minister of Economic Affairs

R. Gulyamov

Appendix

to the Resolution of the State committee on demonopolization and development of the competition and the Ministry of Economics of the Republic of Uzbekistan of December 7, 2010 No. 16 and No. 106

Regulations on accounting treatment for amounts of the products exposed on the exchange biddings, including repeatedly exposed

This Provision according to resolutions of the Cabinet of Ministers of the Republic of Uzbekistan of February 5, 2004 N 57 "About further implementation of market mechanisms of realization of highly liquid types of products, raw materials and materials" (Collection of the legislation of the Republic of Uzbekistan, 2004, N 5, the Art. 57) and of March 4, 2008 N 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" (The collection of the legislation of the Republic of Uzbekistan, 2008, N 10-11, Art. 60) establishes accounting treatment for amounts of the products which are subject to exposure to the exchange biddings, including repeatedly exposed.

I. Determination of amounts of exposure of products to the exchange biddings

1. Exposure to the exchange biddings of the strategic and exclusive types of products, raw materials and the materials included in appendices No. 1 and No. 2 to the resolution of the Cabinet of Ministers of the Republic of Uzbekistan of February 5, 2004 in No. 57 "About further implementation of market mechanisms of realization of highly liquid types of products, raw materials and materials", and also determined by the decision of the State committee of the Republic of Uzbekistan on assistance to the privatized companies and development of the competition (further - Committee) according to the resolution of the Cabinet of Ministers of the Republic of Uzbekistan of March 4, 2008 No. 36 "About enhancement of procedure for exposure of exclusive products to the exchange biddings during the periods of the increased demand" is performed according to the approved schedules.

2. The exchange records amounts of strategic and exclusive types of the products, raw materials and materials which are subject to exposure to the exchange biddings according to the approved schedules, including repeatedly exposed.

3. For control on exposure of strategic and exclusive types of products, raw materials and materials Committee sends to the exchange the schedules approved in accordance with the established procedure providing amounts of exposure of products within every month.

4. Control and monitoring of accomplishment of the approved schedules of exposure of strategic and exclusive types of products, raw materials and materials is performed by Committee according to the procedure, established by the Provision on control and monitoring of exposure to the exchange biddings and auctions of strategic and exclusive products, raw materials and materials (reg. N 2125 of July 26, 2010).

5. For the purpose of implementation of monitoring of exposure of strategic and exclusive types of products, raw materials and materials the exchange daily electronically provides in Committee information on the actual amounts of the exposed products in breakdown on grade, class, brand, type and other characteristics, and also the concluded bargains.

II. Determination of amounts of products which are subject to repeated exposure to the exchange biddings

6. The amounts of strategic and exclusive types of products, raw materials and materials which are not implemented at the exchange biddings are subject to repeated exposure to the exchange biddings within one month from the moment of the first exposure to the exchange biddings.

Unclaimed by the buyer during the term provided by the agreement, amounts of strategic and exclusive types of products, raw materials and materials are repeatedly exposed on the exchange biddings within one month.

Amounts of strategic and exclusive types of products, raw materials and materials according to the transactions on products non-payment reason cancelled by arbitration commission of the exchange the buyer or failures to deliver by the seller of the paid products amounts, are subject to repeated exposure to the exchange biddings within one month.

In volume of repeated exposure completion of the amounts which are not put by sellers up for sale according to schedules is considered.

7. Repeated exposure of strategic and exclusive types of products, raw materials and materials is performed at each exchange trading session.

8. In case of not sales of products in case of its repeated exposure to the biddings according to Item 6 of this provision the seller has the right to implement it under direct agreements on the weighted average prices of stock exchange quotations created following the results of the biddings for prior week or again to expose on the exchange biddings.

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