Approved the State Property Committee of the Republic of Uzbekistan of March 31, 1997

Procedure for release and circulation of derivative securities

1. General provisions

1.1. This Procedure according to the Law of the Republic of Uzbekistan "About the security market" and other acts of the legislation regulates procedure for release and the circulation of derivative securities (which cornerstone securities of joint-stock companies are) in the territory of the Republic of Uzbekistan.

1.2. In this Procedure the following concepts are used:

derivatives of securities (further - PTsB) - the securities certifying the rights or obligations of their owners in relation to other securities and issued by legal entities in the form of options, futures for securities and other financial instruments;

the option - the issued security certifying the right to purchase in the time of certain quantity of securities of her issuer provided in it on fixed price;

the future for securities (further - the future) - the security certifying the obligation on purchase or sale in the time of certain quantity of securities provided in it on fixed price;

basic asset - the securities of joint-stock companies which are the cornerstone of PTsB and being traded on the securities market;

PTsB effective period - the period (or specific date) during which the holder of PTsB can exercise the right of purchase or sale of basic asset;

the buyer (holder) of PTsB - person acquiring the right (or the obligation) sales or purchases of basic asset;

the seller of PTsB - person undertaking the obligation to deliver or accept basic asset upon the demand of the buyer of PTsB;

the global certificate - the document which is drawing up all release of PTsB (or its part) in paperless form including all details required for the single certificate, the list of general terms of issue and the address of this release of PTsB;

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