"LEADER FINANCE CAPITAL" LLC was granted a license as an investment intermediary and trustee of investment assets in the stock market

The Law of the Republic of Uzbekistan "On Licensing, Permitting and Notification Procedures" and Cabinet of Ministers dated February 21, 2022 "On Approval of the Uniform Regulation on the Procedure for Licensing Certain Activities Through a Special Electronic System" According to the decision No. 80, through the "License" information system (license.gov.uz), "LEADER FINANCE CAPITAL" LLC is applying for licenses to carry out professional activities as an investment intermediary and trustee of investment assets in the securities market. He applied to the competent state body for the regulation of the stock market.

This application was considered by the competent state body for the regulation of the securities market in accordance with the procedure established by the relevant legal documents and with the decision No. 07-46/1 "LEADER FINANCE CAPITAL" LLC investment in the securities market it is reported that licenses granting the right to carry out professional activities as an investment intermediary and trustee of investment assets have been issued through the "License" information system (license.gov.uz).

Ministry of economy and finance
Information Service

24.02.2023

The license entitled to carry out the activities of the organizer of OTC trading with securities to the JSC "ELSIS SAVDO" has been revoked

On October 17, 2014, the authorized State body for securities market regulation issued license No. 1113 to JSC "ELSIS SAVDO" for the right to carry out the activities of an organizer of over-the-counter securities trading.

However, the JSC "ELSIS SAVDO" has consistently violated licensing requirements and conditions defined in the Law of the Republic of Uzbekistan "On Licensing, Licensing and Notification Procedures" and in Annex No. 16 to the Unified Regulation on the Procedure for Licensing Certain Types of Activities through a Special Electronic System (approved by Resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. 80 dated February 21, 2022). The JSC also failed to comply with repeated instructions and warnings of the authorized state body for securities market regulation.

The claim was considered in accordance with the procedure established by law. Based on the decision of the Tashkent Interdistrict Economic Court No. 4-1001-2227/71300 dated January 17, 2023, license No. 1113 for the right to carry out the activities of the organizer of over-the-counter securities trading, issued by JSC "ELSIS SAVDO" on October 17, 2014, was declared invalid. According to the same decision, the State Assets Management Agency is entrusted with the organization of work on the termination and liquidation of the Joint-Stock Company.

Taking into account the above, we inform you that securities not included in the exchange listing are traded on the Republican Stock Exchange "Tashkent". This is done in order to fulfill the order to create a system for ensuring trading in securities not included in the stock exchange listing at the Tashkent Stock Exchange, which is provided for by the Decree of the President of the Republic of Uzbekistan No. PP-90 dated January 17, 2022 "On additional measures to introduce effective mechanisms to support the capital market".

For reference: the implementation of securities purchase and sale transactions on the organized OTC market is temporarily suspended until the transfer to the Republican Stock Exchange "Tashkent".