The trading rules on the Republican stock exchange, Toshkent, were amended starting from 1 July 2015. Using insider information will be prohibited.
Changes and amendments were carried out in line with the programme of measures for the fundamental improvement of the system of corporate governance and in order to bring the rules into line with the Law of the Republic of Uzbekistan "On securities market" #3RU-387 dated 3 June 2015.
The new edition of the rules stipulates that the members of the exchange acting as brokers execute transactions on behalf of their clients under the brokerage and depository agreements, which are concluded for one year with the possibility of extension (instead of agency and commission contracts). On-exchange trades with CSD eligible securities are carried out on the basis of agency or commission agreement, unless otherwise prescribed by the legislation.
The novelties in the rules for exchange securities trading bring it closer to international best practices.
Contact:
Ekaterina Konovalova
Relationship Manager
Global Securities Services Russia
Ekaterina.Konovalova@unicreditgroup.ru