LAW OF THE KYRGYZ REPUBLIC

of February 29, 2020 No. 22

About introduction of amendments to the Law of the Kyrgyz Republic "About commodity exchange and exchange trade in the Kyrgyz Republic"

Accepted by Jogorku Kenesh of the Kyrgyz Republic on January 22, 2020

Article 1.

Bring in the Law of the Kyrgyz Republic "About commodity exchange and exchange trade in the Kyrgyz Republic" (the Svobodnye Gory newspaper of August 4, 1992 No. 99) the following changes:

The paragraph third to state 1) to part three of Article 1 in the following edition:

"directly or indirectly to acquire shares, shares (shares) of other organizations if these activities are not connected with the organization of the stock exchange trading provided by this Article.";

Item 3 of Article 3 to add 2) with the paragraph of the following content:

"The price of exchange goods according to the final protocol by results of the exchange biddings is final. All settlement between the parties of the bargain concluded on trading floor of the commodity and raw exchange according to the final protocol and the purchase and sale agreement is performed only through the settlement clearing account of the commodity and raw exchange;";

3) in part two of Article 4 of the word", to the charter of the exchange and other intra exchange regulations" to exclude;

The word "legislation" shall be replaced with words 4) in Article 7 part four "the legislation of the Kyrgyz Republic";

Article 8 to state 5) in the following edition:

"Article 8. Types of stock exchange transactions

At commodity exchanges the following types of transactions can be made:

purchase and sale of real goods, including the transaction with immediate transfer or delivery of goods or with document transfer (without movement of the goods) on the property right to goods;

forward transactions - transactions of purchase and sale of real goods with the delayed term of its delivery;

futures transactions - transactions of purchase and sale of standard contracts;

option transactions - transactions of purchase and sale of the rights to future purchase and sale on stated price of goods or contracts to deliver goods;

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