Businesses to be accredited in the exchange system during registration

Tashkent, Uzbekistan (UzDaily.com) -- A Presidential resolution “On expanding the use of exchange mechanisms in sectors of the economy and improving the system of regulation of exchange trading” was adopted.

According to the resolution:

during state registration and registration of business entities, the procedure for their simultaneous accreditation in the exchange system is introduced;

the requirement for mandatory receipt of an electronic digital signature by foreign suppliers to participate in the public procurement system is cancelled;

a section of promising products of business entities, not related to highly liquid and monopoly goods, is being created for the purpose of sale through exchange trading;

for business entities, it is possible to use, at their request, guaranteed settlement services under direct contracts concluded outside the exchange, through the settlement and clearing system of the exchange;

The procedure for selling products under "forward" contracts also applies to export-import contracts concluded through exchange trading.

From 1 December 2022 to 1 January 2024, the following goods are subject to sale on the domestic market exclusively through exchange trading:

steel balls, sheet metal, liquid carbon oxide, technical oxygen, caustic soda, petroleum coke, synthetic naphtha, stillage produced by monopoly enterprises and organizations with state participation - in the amount of 100 percent of the production volume;

produced by legal entities that are not monopolists and have a state share in the authorized capital of less than 50 percent or do not have a state share:

sheet metal and cement - in the amount of at least 50 percent of the production volume;

cotton seeds, cottonseed oil (cottonseed oil), processed seed waste (meal, husks) and consumer ethyl alcohol - in the amount of 100 percent of the production volume.