Tashkent, Uzbekistan (UzDaily.com) — National Agency for Prospective Projects (NAPP) has developed and officially approved new regulations aimed at preventing market manipulation in the securities sector. The document has been registered with the Ministry of Justice of the Republic of Uzbekistan.

The newly adopted rules establish binding requirements for trading participants, define a list of prohibited practices, and outline mechanisms to protect the market from manipulative activities. They also clearly specify the NAPP’s authority to combat fraudulent schemes and outline procedures for holding violators accountable.

One example of market manipulation covered by the rules is the resale of securities without an actual change in ownership.

Participants are also prohibited from artificially inflating or deflating asset prices or creating a false impression of high market activity.

Special emphasis is placed on banning the dissemination of false or misleading information that could influence investors’ decisions.