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The document ceased to be valid since  October 23, 2019 according to Item 1 of the Order of the director of the Agency on market development of the capital of the Republic of Uzbekistan of October 14, 2019 No. 2019-57

It is registered

Ministry of Justice

Republic of Uzbekistan

On June 15, 2012 No. 2370

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

of May 11, 2012 No. 2012-05

About approval of the Regulations on qualification requirements to specialists of the security market

(as amended on 05-03-2019)

According to the Law of the Republic of Uzbekistan "About the security market" (Collection of the legislation of the Republic of Uzbekistan, 2008, No. 2930, the Art. 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, to No. 3, of the Art. 11), I order:

1. Approve Regulations on qualification requirements to specialists of the security market according to appendix.

2. Declare invalid 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 of April 11, 2011 No. 2011-06 "About approval of the Regulations on qualification requirements to specialists of the security market" (reg. No. 2221 of April 30, 2011) (Collection of the legislation of the Republic of Uzbekistan, 2011, No. 18, the Art. 182).

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

Vr.i.o. CEO

A.Obidov

Appendix

to 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 of May 11, 2012 No. 2012-05

Regulations on qualification requirements to specialists of the security market

This Provision 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), the resolution of the President of the Republic of Uzbekistan of November 26, 2010 No. PP-1438 "About the priority directions of further reforming and increase in stability of financial bank system of the republic in 2011 - 2015 and achievements of high international rating rates" (The collection of the legislation of the Republic of Uzbekistan, 2010, No. 48, of the Art. 442) establishes qualification requirements to specialists of the security market.

I. General provisions

1. Requirements of this provision extend to the specialists of the security market applying for work or working for professional participants of the security market (further - the professional participant), on the stock exchanges, share departments of other exchanges.

2. The competence certificate of the specialist of the security market - the document issued to physical person by authorized state body on regulation of the security market, with indication of category and certifying the right to making of transactions with securities and rendering services and (or) performance of works in the security market on behalf of the professional participant, stock exchange, share department of other exchanges.

3. Qualification requirements to specialists of the security market represent availability of knowledge and skills necessary for work at professional participants, on the stock exchanges, share departments of other exchanges.

4. Authorized state body on regulation of the security market is the Agency on market development of the capital of the Republic of Uzbekistan.

II. Qualification requirements

5. The specialist of the security market owning the competence certificate I of category shall have:

the higher education on one of the following specialties: financial and economic, legal, mathematical or information technologies;

certificate of educational institution on the termination of rate of retraining or advanced training of specialists of the security market;

at least, two-year length of service from the last ten years in the organizations performing professional activity in the security market, on the stock exchanges, share departments of other exchanges or in economic, financial and legal fields of activity, the sphere of information technologies or works in state bodies of management in the specified directions.

Or the specialist of the security market owning the competence certificate I of category shall have:

the higher education;

certificate of educational institution on the termination of rate of retraining or advanced training of specialists of the security market;

at least, five-year length of service from the last ten years in the organizations performing professional activity in the security market, on the stock exchanges, share departments of other exchanges or in economic, financial and legal fields of activity, the sphere of information technologies or works in state bodies of management in the specified directions.

6. The specialist of the security market owning the competence certificate II of category shall have:

at least general average or secondary vocational, professional education;

the certificate of educational institution on the termination of rate of retraining or advanced training of specialists of the security market, except for the case established in Regulations on certification (recertification) of physical persons on the right of making of transactions with securities (reg. No. 660 of March 3, 1999).

7. The head of Central Securities Depository and its structural divisions, executive body of other professional participants, executive body of stock exchange and its structural divisions, share department of other exchanges shall meet the qualification requirements established for the specialists of the security market owning the competence certificate I of category.

8. The controller of the professional participant, stock exchange, share department of other exchange owning the competence certificate I or II of category shall have:

the higher education on one of the following specialties: financial and economic, legal, mathematical or information technologies;

or, at least, five-year length of service from the last ten years in the organizations performing professional activity in the security market, on the stock exchanges, share departments of other exchanges or in economic, financial and legal fields of activity, the sphere of information technologies or works in state bodies of management in the specified directions.

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