THE DEVELOPMENT OF THE REGULATION OF REPO TRANSACTIONS AND THEIR SIGNIFICANCE IN THE DEVELOPMENT OF MARKET ECONOMY IN UZBEKISTAN
Abstract
The present article examines the formation of the financial market of Uzbekistan. The development of a market economy helped to raise the profile and priority of civil relations. As one of the means of civil relations the repo transaction is a new and rapidly developing form of transactions in Uzbekistan. Author considers the development of the legal bases of the securities market and its individual institutions, in particular the Institute of repo transactions. Based on the analysis, the author highlights the specificity of repo transactions’ legal regulation in a market economy. The author concludes that the repo market has a positive trend, and gradually expands in the country’s financial market. Year after year, the importance of this transaction increases, and it is possible to determine that by the percentage of the amounts of total repo transactions on stock exchanges. The legal framework, governing the transactions in this category at the legislative level is sufficiently established.