Draft Amendments to the Listing Rules of JSC "Republican Stock Exchange 'Toshkent'" Submitted for Public Discussion

JSC "Republican Stock Exchange 'Toshkent'" has submitted for public discussion a draft of amendments to the Exchange Listing Rules.

This draft document was developed to implement the priority objectives set out in the Decree of the President of the Republic of Uzbekistan dated December 18, 2025, No. PD–254 "On Additional Measures to Improve the Investment Climate in the Capital Market."

The revised edition introduces significant innovations aimed at liberalizing and enhancing the attractiveness of the capital market. In particular, it establishes the possibility for resident issuers to issue corporate bonds denominated in foreign currency with settlements carried out in foreign currency, as well as the organization of trading in foreign shares, bonds, exchange-traded funds (ETFs), and depositary receipts.

The implementation of these measures will contribute to the integration of the national capital market into international financial markets, expanding opportunities for investors and further developing market infrastructure.

The draft amendments have been published for public discussion on the Exchange's official website. Following the discussion, the final version of the document is planned to be approved and published in Uzbek, Russian, and English.

To review the draft and submit proposals and comments, it has been posted in the interactive services section of the website. The discussion period will last 15 days from the date of publication.

We invite all interested parties to take an active part in the discussion.