Tashkent, Uzbekistan (UzDaily.com) -- In order to ensure the implementation of the resolution of the President of the Republic of Uzbekistan from 24 November 2022 “On expanding the use of exchange mechanisms in sectors of the economy and improving the system for regulating exchange trading”, a resolution of the Cabinet of Ministers “On improving the system for regulating the activities of commodity exchanges” was adopted.

Based on these resolutions, the Antimonopoly Committee was given a number of powers aimed at limiting and preventing manipulation of prices on commodity exchanges.

According to the adopted Governmental resolution, the rules for preventing the manipulation of prices for strategic products, the use of internal (insider) information and other anti-competitive methods of obtaining unjustified income on exchange trading are defined, in particular:

- measures to prevent manipulation of prices at exchange auctions and the procedure for their detection;

- actions prohibited by participants to prevent manipulation of prices in exchange trading;

- restrictions and liability for keeping records of internal (insider) information and its use.

The adoption of this resolution is very important in order to prevent manipulation of prices at exchange auctions and the receipt of unjustified profits by participants, as well as an increase in prices in the retail trade of fuel, in particular gasoline, the Antimonopoly Committee said.