Uzbekistan Improves Exchange Trade Regulation System

The Resolution of the President of the Republic of Uzbekistan "On expanding the use of exchange mechanisms in sectors of the economy and improving the system of regulation of exchange trade" No. ??-430 dated November 24, 2022 (the "Resolution No. ??-430") establishes that:

• business entities during state registration will simultaneously undergo accreditation in the exchange system;
• the requirement for mandatory receipt of electronic digital signature (EDS) by foreign suppliers to participate in the public procurement system is cancelled;
• section of promising products of business entities that is not related to highly liquid and monopoly goods will be created;
• the use of guaranteed settlement services under direct agreements concluded outside the exchange through the settlement and clearing system of the exchange will become possible;