Article 6. Rights and obligations 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
The exchange has the right to:
create quotation, arbitration, listing, control and other exchange commissions;
stop exchange trading if quotes (prices) of exchange goods deviate by more than the maximum size determined by the exchange;
organize and conduct competitive, auction, exhibition and fair tenders, state and corporate purchases in accordance with the law;
issue exchange bulletins, directories and other information and advertising materials.
The exchange may have other rights in accordance with the law.
The exchange is obliged to:
organize exchange trading;
carry out quotation (pricing) of exchange goods based on the ratio of their supply and demand;
timely inform members of the exchange about the place and time of exchange trading on trading floors and in sections;
create conditions for ensuring the execution of concluded exchange transactions;
carry out determination, clarification and offset of mutual obligations of exchange members and their clients (clearing), as well as mutual settlements between them through special accounts opened with the bank;
keep separate accounting of cash funds of the exchange, members of the exchange and their customers;
regularly (at least once a week) post quotations (prices) of exchange goods on its official website, as well as inform exchange members about the results of each exchange trade.
The exchange may carry other obligations in accordance with the law.
