New public service launched

Tashkent, Uzbekistan (UzDaily.com) -- Government resolution approved the Administrative Regulations for the provision of public services for the certification (re-certification) of individuals for the right to conduct transactions with securities.

According to the Regulations, public services for issuing, reissuing, suspending, terminating and canceling a qualification certificate are provided through the Public Service Centers and the Single Portal of Interactive Public Services (SPIS).

A qualification certificate is issued to applicants with a validity period of 5 years.

Persons whose qualification certificate has expired must undergo mandatory certification no later than 30 days.

The following persons must pass certification to obtain a qualification certificate of a securities market specialist:

heads of the executive body of professional participants in the securities market, heads of the central depository and its structural divisions, heads of the executive body of stock exchanges and its structural divisions, heads of the stock department of currency exchanges;

professional participants in the securities market participating in transactions with securities, providing services and (or) performing work on the securities market, specialists of departments of the central depository carrying out transactions with securities, specialists of the stock exchange and stock departments of currency exchanges.

For the provision of public services for the consideration of the application of applicants for the issuance of the relevant qualification certificate, a fee of 1 basic estimated value (300,000 soums) is charged. When applying through the SPIS, this amount is 270,000 soums.

The requirements of the Regulations apply to individuals with higher education who are professional participants in the securities market, applying for or already working in the Central Securities Depository, stock exchanges and stock departments of currency exchanges.