RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF UZBEKISTAN, MINISTRY OF ECONOMICS OF THE REPUBLIC OF UZBEKISTAN, STATE COMMITTEE OF THE REPUBLIC OF UZBEKISTAN ON DEMONOPOLIZATION, SUPPORT OF THE COMPETITION AND ENTREPRENEURSHIP

of September 15, 2009 No. 91, of September 15, 2009 No. 82, on September 15, 2009 No. 13

About approval of the Regulations on procedure for determination of weighted average prices of stock exchange quotations (auctions)

According to resolutions of the Cabinet of Ministers of the Republic of Uzbekistan of February 5, 2004 N 57 "About further implementation of market mechanisms of realization of highly liquid types of products, raw materials and materials" (Collection of the legislation of the Republic of Uzbekistan, 2004, N 5, the Art. 57) and of March 4, 2008 N 36 "About enhancement of the mechanism of exposure of exclusive types of products to the exchange biddings taking into account the seasonal demand" (2008, N 10-11, Art. 60) the Ministry of Finance, the Ministry of Economics and the State committee of the Republic of Uzbekistan on demonopolization, support of the competition and entrepreneurship decide collection of the legislation of the Republic of Uzbekistan:

1. Approve Regulations on procedure for determination of weighted average prices of stock exchange quotations (auctions) according to appendix.

2. This resolution becomes effective after ten days from the date of its state registration in the Ministry of Justice of the Republic of Uzbekistan.

Appendix

to the resolution of the Ministry of Finance, Ministry of Economics and State committee of the Republic of Uzbekistan on demonopolization, support of the competition and entrepreneurship of September 15, 2009 No. 91, 82, 13

Regulations on procedure for determination of weighted average prices of stock exchange quotations (auctions)

This Provision according to resolutions of the Cabinet of Ministers of the Republic of Uzbekistan of February 5, 2004 N57 "About Further Implementation of Market Mechanisms of Realization of Highly Liquid Types of Products, Raw Materials and Materials" (Collection of the legislation of the Republic of Uzbekistan, 2004, N 5, the Art. 57) and of March 4, 2008 N 36 "About enhancement of the mechanism of exposure of exclusive types of products to the exchange biddings taking into account the seasonal demand" (The collection of the legislation of the Republic of Uzbekistan, 2008, N 10-11, Art. 60) determines the mechanism of forming of weighted average prices of stock exchange quotations (auctions) in case of realization of separate highly liquid types of products and products made by the business entities included in the State register of the business entities holding dominant position in the goods markets provided by the specified decisions of the Government.

I. General provisions

1. Action of this provision extends to weighted average prices of stock exchange quotations (auctions) (the daleesrednevzveshenny prices) created by results of the exchange biddings at the exchanges of the highly liquid products and products made by the business entities included in the State register of the business entities holding dominant position in the goods markets (further - goods).

2. Weighted average prices by each realized goods type, in breakdown on grade, class, brand, type and other characteristics, are calculated the exchanges by results of the held exchange auction (auctions) during the settlement period (week).

II. Determination of weighted average prices on the goods realized at the exchange (auction) biddings

3. Calculation of weighted average prices for each type of the realized goods for reporting week is perfromed by the exchanges on the following formula:

Sc - weighted average price;

X 1, 2... n - amounts of the goods realized according to each transaction during the settlement period (week);

Y 1, 2... t - the prices of the goods realized according to each transaction during the settlement period (week).

Calculation of weighted average prices for each type of goods is made according to all the concluded bargains for reporting week.

III. Terms of carrying out calculations and publication of weighted average prices

4. Calculation of weighted average prices for committed transactions at the exchange (auction) biddings for week (Monday-Friday) is made by the exchanges till 17-00 o'clock the Monday following settlement week.

5. From 17-00 o'clock the Monday of the exchange following settlement week places information on weighted average prices on the pages on the Internet and represent it to mass media, and also subscribers of the newsletters.

IV. Use of weighted average prices in case of sales of goods under direct agreements

6. The weighted average prices calculated by the exchanges are used by the companies in the domestic market in case of sales of goods under direct agreements, since the Tuesday following settlement week till next Tuesday.

7. In case of not exposure or not sales of goods at the exchange (auction) biddings within a week, the final published weighted average price is used.

V. Final provisions

8. Persons guilty of violation of requirements of this provision bear responsibility according to the legislation.

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