Updates to the Rules of Trading at the Toshkent
Republican Stock Exchange will come into effect on June 2, 2025.
The amendments aim to simplify procedures,
enhance transparency, and align the rules with international standards.
Key changes include:
- establishment of a unified term range for
repo transactions — from 1 to 360 days.
- clarification of the terms for block
trades and the placement of large blocks of shares.
- restriction of the FoP Board section to
primary market transactions involving additional share issues and the sale of
state-owned shares.
- enhanced control and accountability
within the negotiated transactions regime.
- editorial revisions to improve legal
clarity.
In addition, amendments have also been made
to the Rules for trading on the over-the-counter (OTC) platform and to the
Regulations on Exchange Membership.
The draft changes were subject to public
consultation from May 1 to May 15, 2025.
These updates are intended to improve
predictability, transparency, and alignment with international best practices
in securities trading.
transparency and compliance with international practice in securities transactions.