Kyrgyz Republic's State Service for Regulation and Supervision of Financial Markets published an update noting that the Jogorku Kenesh approved in the first reading the draft Law "On Commodity Exchanges", intended to strengthen the legal framework for commodity exchanges and develop exchange trading. The bill would set rules for exchanges, exchange-trade participants and the organisation of electronic trading. Key provisions include transparent commodity pricing mechanisms, financial stability requirements for commodity exchanges, state regulation of exchanges and market participants, and the creation of guarantee funds to support transaction settlement. The draft also provides for developing electronic trading systems, allowing public procurement through commodity exchanges, and approving a list of goods to be sold via exchanges. Second-reading consideration is expected to continue, taking into account proposals and comments from Jogorku Kenesh deputies.
State Service for Regulation and Supervision of Financial Markets 2026-04-10
Kyrgyz Republic's State Service for Regulation and Supervision of Financial Markets reports first-reading approval of commodity exchanges bill
The State Service for Regulation and Supervision of Financial Markets reported that the Jogorku Kenesh has approved in first reading a draft Law “On Commodity Exchanges” to strengthen the legal framework and develop exchange trading. The bill sets rules for exchanges and participants, introduces transparent pricing mechanisms, financial stability requirements, state regulation, guarantee funds for settlement, and provides for electronic trading systems and the use of exchanges for public procurement with an approved list of goods.