of March 19, 2012 No. PP-1727
About measures for further development of the stock market
For the purpose of further development of the stock market of the republic, implementation of modern technologies and methods of the organization of the securities trading, expansion of access for investors to the security market:
1. Take into consideration that:
between the State Property Committee of the Republic of Uzbekistan and the Korea stock exchange are signed the Memorandum of understanding on market development of securities of December 28, 2010 and the General agreement on upgrade of the security market of the Republic of Uzbekistan of August 23, 2011;
within the General agreement on upgrade of the security market of the Republic of Uzbekistan the Korea stock exchange shall provide delivery and implementation until the end of 2016 on a turnkey basis of the Single program technical complex for the stock market of the Republic of Uzbekistan a minimum of 6 million US dollars including the software, the server and telecommunication hardware, training of local specialists and guarantee maintenance during 1 year.
2. Agree with offers of the State Property Committee, Ministry of Finance of the Republic of Uzbekistan and shareholders of JSC Republican Stock Exchange Toshkent:
about increase in authorized capital of the RBF "Toshkent" up to 45 billion bags and payment of in addition issued shares for the transfer account by the State Property Committee of the Republic of Uzbekistan to Republican stock exchange of property complex in type SUE Directorate on Operation of the Republican Exchange Center, at the address: Tashkent, st. Bukhara 10, for forming of share of the State Property Committee in authorized capital of the RBF "Toshkent";
about transfer by the State Property Committee of the Republic of Uzbekistan to the Korea stock exchange of the block of shares of the RBF "Toshkent" in the amount of 25 percent minus one share in exchange for delivery and implementation of the Single software and hardware complex for the stock market for the total amount at least 6 million US dollars;
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