of June 29, 1992 No. 915-XII
About commodity exchange and exchange trade in the Kyrgyz Republic
This Law regulates activities of commodity exchanges and implementation of stock exchange trading.
Commodity exchange - the organization creating conditions for trade in goods on free prices, performing the activities in the form of public (opened and/or closed), the selector and electronic biddings (auctions) for statutory rules (rules of stock exchange trading).
The commodity exchange is legal entity and can perform the any economic activity connected in the organization of stock exchange trading. In the activities it is independent of state governing bodies.
The commodity exchange has no right:
perform the trading, trade and intermediary and other activity which is directly not connected with the organization of stock exchange trading (this prohibition does not extend to founders of legal entities and member citizens of the exchange);
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.
The organization which is not meeting the requirements of this Article has no right to the organization of trade, use in the name of words "commodity exchange" or "exchange" and is not subject to registration under the names including these words in any combinations, except for the stock and currency exchanges, employment exchanges.
The taxation of commodity exchanges is performed according to the procedure, provided by the tax legislation of the Kyrgyz Republic.
Activities of commodity exchange are regulated by this Law, other legislation of the Kyrgyz Republic, the charter of commodity exchange and other intra exchange regulations.
The main functions of commodity exchange are:
1) creation of conditions for the exchange bidding with participation of exchange intermediaries between business entities;
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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