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Ministry of Justice

Republic of Tajikistan 

 On October 2, 2015 No. 714

ORDER OF THE GOVERNMENT OF THE REPUBLIC OF TAJIKISTAN

of September 25, 2015 No. 589

About the Actions plan on development of the secondary security market and stock exchange in the Republic of Tajikistan

According to article 14 of the Constitutional law of the Republic of Tajikistan "About the Government of the Republic of Tajikistan" and for the purpose of development of the secondary security market and stock exchange in the Republic of Tajikistan, the Government of the Republic of Tajikistan decides:

1. Approve the Actions plan on development of the secondary security market and stock exchange in the Republic of Tajikistan it (is applied).

2. To the relevant ministries and departments to take necessary measures for accomplishment of this Plan.

Prime Minister of the Republic of Tajikistan

Emomalii Rahmon

Appendix

Approved by the Order of the Government of the Republic of Tajikistan of September 25, 2015, No. 589

The actions plan on development of the secondary security market and stock exchange in the Republic of Tajikistan

Actions

Purposes

Term

Contractors

1

1) Elimination of disagreements in the operating              regulatory legal acts          and enhancement of the regulatory legal base on  market development of securities 2)            Enhancement of regulatory legal acts      taking into account      proposals of investors

1) Providing          regulatory framework          on further          development    of the secondary security market and stock exchanges 2)       the Cooperation       with partners in development in the course of enhancement         of regulatory legal acts

22015-2017 years

   Ministry of Finance,     Ministry of Justice,    Ministry of Economic Development and Trade,   Tax Committee, State committee on investments and management of state-owned property, National          Bank, partners in development

2

Acceptance of the regulatory legal acts following from requirements of the Law of the Republic of Tajikistan "About the security market"

Complete           relations management in the security market       and        ensuring execution         of requirements of the legislation

22015-2017 years

Ministry of Finance

3

Development and

implementation   and implementation
    placement mechanism

primary state
securities on share
exchanges, and also secondary
address of state
securities and securities
National    Bank

Tajikistan    through

professional participants

security market   

Government securities, being the liquid and important financial instrument on the stock exchanges give opportunity for the greatest attracting investors and increase in their rating among investors


2015-2017

   Ministry of Finance,     Ministry of Justice, National          Bank and

             "Stock Exchange — Central Asia" open joint stock company

4

Project development of the Law
The Republic of Tajikistan about
modification and
amendments in Tax
code    of the Republic

Tajikistan    about

provision of tax
privileges to professional
to participants of the market of valuable
papers,    to issuers    and

to investors    on

organized    market

securities


Encouragement  and  attraction

professional participants

  security market,        

issuers        and investors



2015-2017

   Ministry of Finance, Tax Committee

5

The organization of purchase and sale of government securities through stock exchanges

Transparency and participation of the greatest number of shareholders in the course of purchase of government securities. Sale of government securities at market prices

2016

   Ministry of Finance, State committee on        investments       and management of state-owned property

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