Tashkent, Uzbekistan (UzDaily.com) -- The Ministry of Finance of the Republic of Uzbekistan has developed a Draft Order of the Minister of Finance, in order to ensure the effective implementation of Appendix 3, paragraph 9 of the Decree of the President of the Republic of Uzbekistan from 13 April 2021 No. UP-6207 "On measures to further develop the market capital":

By draft order on the unified corporate information portal, the Ministry of Finance has developed modern forms of material facts and reports that should be disclosed in the activities of issuers.

In addition, based on the study of foreign experience, the Ministry of Finance made the following changes to the draft “On Amendments to the Rules for the Provision and Publication of Information on the Securities Market”:

- Inclusion of the issuer’s securities in the listing allowed for trading on foreign and/or local organized (regulated) financial markets;

- Exclusion of the issuer’s securities from the list permitted for circulation on foreign and (or) local organized (regulated) financial markets;

- Making changes and (or) additions to the decision to issue securities;

- Recommendation (proposal) of the Supervisory Board on the distribution of net profit (dividend);

- Dividends paid to shareholders by the issuer;

- As a result of the transaction, the owner of the securities becomes the owner of 35 percent or more of any type of the issuer’s securities.

- Acquisition by a shareholder of a block of shares amounting to 20 percent or more of the total authorized capital of a joint-stock company

- A proposal by a person who owns 50% or more of the company’s shares to sell the shares to the remaining shareholders at market value, as well as paragraph 23 was declared invalid.