According to the Decree, from April 1, 2022, to December 31, 2024 :
From July 1, 2022, a procedure will be established in accordance with which:
According to the Decree, a primary ( IPO ) and (or) secondary ( SPO ) public offering of shares of joint-stock companies will be held in the Republican Stock Exchange “Toshkent” in accordance with the appendix.
The State Commission for Conducting Tenders for the Sale of State Property has been given the authority to establish the volume and timing of the issuance of a block of shares in the primary ( IPO ) and (or) secondary ( SPO ) public offer for sale, to make changes and additions to their list.
The proposal of the Ministry of Finance and the State Assets Management Agency to allow, as an experiment, until December 31, 2023, foreign banks and investment intermediaries to carry out underwriting activities by concluding an agreement with local legal entities entitled to carry out underwriting activities in the securities market, and not less than 500 million soums of own funds, without obtaining a separate license in the Republic of Uzbekistan.
From April 1, 2022, local issuers are granted the right, on the recommendation of the underwriter, to place their shares on foreign stock markets after a preliminary placement on the RSE “Toshkent” or place them simultaneously on local and foreign stock exchanges.
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