RESOLUTION OF THE CABINET OF MINISTERS OF THE REPUBLIC OF UZBEKISTAN

of June 8, 1994 No. 285

About measures for ensuring effective activities of Republican stock exchange "Toshkent" and development of infrastructure of the security market

For the purpose of ensuring effective activities of the Republican stock exchange "Toshkent" created according to the Presidential decree of the Republic of Uzbekistan of March 15, 1994 No. UP-789 "About the Priority Directions of Further Development of Process of Privatization and Privatization in the Republic of Uzbekistan", the Cabinet of Ministers decides:

1. Ceased to be valid

2. Approve Regulations on procedure for making and registration of security transactions in the territory of the Republic of Uzbekistan according to appendix No. 2.

3. Accept the offer of the State Property Committee of the Republic of Uzbekistan and Republican stock exchange "Toshkent" on organization them based on joint-stock company "The Uzbek information company "VAKT" of National Depositary open joint stock company.

4. To the State Property Committee, Ministry of Finance, Central bank of the Republic of Uzbekistan:

for the purpose of the advancing forming of information base for management of the stock market and processes of privatization, according to the state program on deepening of processes of privatization and privatization in the Republic of Uzbekistan of March 29, 1994 171, to provide to No. financing of material and technical resources of republican depositary network at the expense of part of the means arriving from privatization;

together with Council of Ministers of the Republic of Karakalpakstan, khokimiyats of areas and the city of Tashkent to give practical help in the organization and placement of branches of National depositary and broker offices of Republican stock exchange "Toshkent";

together with the State committee on science and technology to take measures for financing growth in volumes for guarantors on the research and project works performed on scope of development of depositary technology and infrastructure of the stock market.

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