Article 24. Annual Transparency Reports

1. Each TIFC Body shall publish an annual transparency report within four (4) months of the end of each financial year.

2. The annual transparency report of each TIFC Body shall include at a minimum: (a) a summary of the TIFC Acts adopted during the financial year and the consultation processes conducted; (b) the enforcement actions taken, including the number and nature of administrative penalties imposed, licences suspended or revoked, and proceedings before the TICC; (c) the number of licences, registrations, and permits granted, renewed, suspended, and revoked; (d) financial information including the approved budget and actual expenditure for the financial year; and (e) a forward-looking regulatory and institutional agenda for the coming financial year.

3. Annual transparency reports shall be published in English in the Official Register of TIFC Acts and on the official website of each TIFC Body, and shall be freely accessible to the public.

4. The TIFC Board shall publish a consolidated annual report of the TIFC incorporating the annual transparency reports of all TIFC Bodies, which shall be submitted in accordance with applicable requirements established by the legislation of the Republic of Uzbekistan.