Antimonopoly compliance system is being introduced in government bodies
03/03/2021 20:07
Antimonopoly compliance system is being introduced in government bodies
03/03/2021 20:07
Tashkent, Uzbekistan (UzDaily.com) -- The Regulation on the implementation of the antimonopoly compliance system and the procedure for its functioning in government bodies, local executive authorities and business entities was approved by a Government resolution.
The regulation defines the main objectives of the antimonopoly compliance system.
According to the regulation, an authorized person (subdivision) is appointed in government bodies, local executive bodies and economic entities.
An authorized person (subdivision) implements the antimonopoly compliance system and monitors its activities.
Also, the implementation of the antitrust compliance system and the assessment of its functioning are carried out:
● in government bodies - by the head;
● in local executive authorities - by the khokim;
● in business entities - by the executive body or supervisory board.
This provision applies to the following:
● from 1 January 2021 - as an experiment in government bodies, local executive authorities, as well as in enterprises with state participation included in the list approved by Presidential Decree No. UP-6019 dated July 6, 2020;
● from 1 January 2022 - in natural monopoly entities, economic entities occupying a dominant position in the commodity or financial market, as well as corporate customers, the average annual revenue from the sale of goods for the last 3 years of which exceeds 30 billion soums.
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