The Ministry of Justice of Uzbekistan has approved the procedures for deposit operations in cases where investment intermediaries suspend or terminate their activities. If an intermediary ceases or halts its operations, clients' securities will be preserved and can be transferred to another market participant or the Central Depository.
In cases where an intermediary's license is suspended, it is obligated to cease operations and publicly announce this decision through mass media and the stock exchange's website. If the license is revoked or terminated, the intermediary must prepare account information for the clients and inform them about the closure of its operations.
Upon receiving the notification, clients must provide instructions within one week on where to transfer their securities. If no instructions are given, the securities will temporarily be moved to the depository.
The securities held in the Central Depository will be returned to the client within one day after a new investment intermediary is chosen.
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