The Agency for Development of the Capital Market of Uzbekistan intends to become an official signer of a multilateral memorandum of understanding on consultation, cooperation and information exchange (IOSCO MMOU) by the end of this year. The relevant issue was discussed on 13 April at a video conference with the participation of the Agency’s leadership and representatives of the IOSCO secretariat, headed by the Senior Advisor of the organization, Isabelle Pastor, the agency’s press service said.
On 2 March, the Agency for the Development of the Capital Market issued licenses to an investment intermediary, an investment adviser, and a trustee for investment assets of SQB Securities LLC, which is part of Uzpromstroybank JSCB group.
The US intends to assist in reforming the legal framework of the capital market of Uzbekistan.
The development of the domestic securities market and the effectiveness of reforms in this area require amendments and additions to regulatory documents aimed at streamlining the activities of enterprises that do not meet modern and international requirements.
On 22 January, President of Uzbekistan Shavkat Mirziyoyev approved a law of the Republic of Uzbekistan “On Amendments and Additions to Some Legislative Acts of the Republic of Uzbekistan”.
Kurbanov Azizbek Rustambekovich was appointed to the post of head of the Securities Registration Agency of the Capital Market Development Agency.
In 2019, the Agency for the Development of the Capital Market registered 125 share issues with a total issue of 40.6 trillion soums (3.5 trillion shares). In 2018, the total issue made up 13.4 trillion soums.
On 28 December, a press conference of Freedom Finance in Uzbekistan was held, which highlighted the main events of the outgoing year and summarized the company's activities for 2019.