THE ORDER OF THE CENTER FOR COORDINATION AND CONTROL OF FUNCTIONING OF THE SECURITY MARKET UNDER THE STATE PROPERTY COMMITTEE OF THE REPUBLIC OF UZBEKISTAN

of March 13, 2002 No. 2002-04

About approval of the Regulations on procedure for hearing of cases and application of sanctions for violation of the law of the Republic of Uzbekistan about the security market

According to the Law of the Republic of Uzbekistan "About the security market" and on the basis the resolution of the Cabinet of Ministers of the Republic of Uzbekistan of August 7, 2019 to No. 650 "About approval of regulations on the Agency on market development of the capital of the Republic of Uzbekistan and Fonda of assistance to market development of the capital under Agency on market development of the capital of the Republic of Uzbekistan, I order:

1. Approve the enclosed Regulations on procedure for hearing of cases and application of sanctions for violation of the law of the Republic of Uzbekistan on the security market.

2. Enact this order after one month from the date of its state registration in the Ministry of Justice of the Republic of Uzbekistan.

3. From the moment of enforcement of this order to declare invalid the Regulations on procedure for registration and application of sanctions for violations of the law on securities approved by the Center for coordination and control of functioning of the security market under the State Property Committee of the Republic of Uzbekistan of April 4, 1998 No. 05-1-18/296 (reg. No. 439 of May 22, 1998), and also changes and amendments No. 1 to the Regulations on procedure for registration and application of sanctions for the violations of the law about securities approved by the Center for coordination and control of functioning of the security market under the State Property Committee of the Republic of Uzbekistan of June 4, 2001 No. 2001-5 (reg. No. 439-1 of June 16, 2001).

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 of March 13, 2002 No. 2002-4

Regulations on procedure for hearing of cases and application of sanctions for violation of the law of the Republic of Uzbekistan on the security market

This Provision determines procedure for hearing of cases and application of sanctions for violation of requirements of the Laws of the Republic of Uzbekistan "About the security market" and "About joint-stock companies and protection of shareholder rights", and also other regulatory legal acts of the Republic of Uzbekistan governing the relations in the security market (further the legislation on the security market).

Requirements of the Provision do not extend to cases when authorized bodies on hearing of cases and application of sanctions instructions about elimination of violations of the law about the security market which have removable nature, without acceptance to production of case on violation of the law about the security market go.

1. General provisions

1. Are applied to the members of the security market who violated the law on the security market:

sanctions, the stipulated in Article 56 Laws of the Republic of Uzbekistan "About the security market" and the Regulations on the Agency on market development of the capital of the Republic of Uzbekistan approved by the resolution of the Cabinet of Ministers of the Republic of Uzbekistan of August 7, 2019 No. 650.

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