Roundtable discusses law of Uzbekistan “On exchange activity”
21/10/2010 17:30
Roundtable discusses law of Uzbekistan “On exchange activity”
21/10/2010 17:30
Tashkent, Uzbekistan (UzDaily.com) -- A roundtable dedicated to the discussion of the Law of Uzbekistan “On exchange activity” at the Uzbekistan Stock Exchange “Tashkent”.
Members of the exchange, representatives of commercial bands and investment-broker firms, as well as working group on developing draft law participated at the session.
Current law, regulating activity of the exchange, were adopted in 2001. For past period, large experience was accumulated, and new technologies and tools were introduced at exchange trade. Dynamic development of Uzbekistan’s economy currently puts new tasks, which requires to improve legislation.
New draft law firmly reflects issues on organization of exchange trade, interaction of its participants, quoting securities, accounting-clearing activity, and creation of self-regulating bodies of exchange activity.
Representatives of brokerage offices expressed their proposals. Including, they proposed clearly reflect order of preventing price manipulation at exchange trades and provide rights to stop trades in concrete cases, regulated by the law.
Participants approved the draft law “On exchange activity”, presented by working group of the State Property Committee of Uzbekistan.
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