of July 2, 1992 No. 625-XII
About the exchanges and exchange activities
The purpose of this Law is regulation of the relations connected with the organization and activities of the exchanges.
The legislation on the exchanges and exchange activities consists of this Law and other acts of the legislation.
If the international treaty of the Republic of Uzbekistan establishes other rules, than those which are stipulated by the legislation the Republic of Uzbekistan about the exchanges and exchange activities then are applied rules of the international treaty.
The exchange - the legal entity who is the organizer of the exchange biddings on the basis of statutory rules in in advance determined place and in certain time.
The exchanges are created only in the form of joint-stock companies.
The exchanges perform the activities in the form of the commodity and raw, stock and currency exchange.
The trade name of the exchange shall contain the word "exchange".
The legal entity who is not meeting the requirements of this Law having no right to use in the trade name the word "exchange", words, derivative of it, and combinations to it, except as specified, stipulated by the legislation.
The exchanges acquire the right to implementation of exchange activities after receipt of the license in accordance with the established procedure.
The charter of the exchange shall contain the following data:
the complete and reduced trade name, the location (postal address), the e-mail address of the exchange;
size of authorized fund (authorized capital) of the exchange;
quantity, nominal value, types (simple, exclusive) the shares issued by the exchange;
management structure of the exchange, number of members of the supervisory board, audit committee and executive body of the exchange, procedure for their forming, power of these bodies.
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