Article 13. Members of the exchange
On introduction amendments and additions to the Law of the Republic of Uzbekistan «On exchanges and exchange activities» (LRU-375-son) · Date: 12.09.2014 · In force
Members of the exchange are legal entities that have received, in the manner established by the exchange, the right to participate in exchange trading and conclude exchange transactions as dealers, market makers and brokers.
A member of the exchange concluding exchange transactions on his own behalf and at his own expense is a dealer. A dealer who has committed to enter into exchange transactions to maintain the level of prices, supply and demand for exchange commodities is a market maker.
A member of the exchange concluding exchange transactions on behalf of the client and at his expense is a broker.
It is allowed to combine the functions of a dealer and a broker by one member of the exchange.
Members of the exchange, with the exception of the currency exchange, may not be public authorities and administrations.
Exchange members participate in exchange trading through their employees authorized to enter into exchange transactions on their behalf (traders).