Changes to securities’ emission rule introduced in Uzbekistan
10/03/2010 18:59
Changes to securities’ emission rule introduced in Uzbekistan
10/03/2010 18:59
Tashkent, Uzbekistan (UzDaily.com) -- Center for securities market under the State Property Committee of Uzbekistan introduced changes to rules on emission of securities and state registration of emission securities.
Justice Ministry of Uzbekistan registered the decree of the director-general of the Center for securities market on 27 February 2010. The changes came into force on 9 March. The changes regulate issues of issuing corporate bonds by issuers.
In line with the document, corporate bonds are securities issued by open joint-stock companies and commercial banks, created in other organizational form.
The document said bonds are issued by commercial banks and open joint stock companies, if they meet following criteria:
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