Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan's National Agency for Perspective Projects (NAPP) has annulled the license of Alkes Research LLC to operate as a professional fiduciary manager of investment assets on the securities market, effective August 26, 2026.
According to the regulator, the annulment followed a voluntary application by Alkes Research LLC.
Following the annulment, NAPP updated the official public register of professional participants in the securities market on its website to reflect the change in status.
Correction: This article has been updated to correct the description of the basis for the license annulment. The license was annulled at the company's own request. Additionally, a paragraph stating that Alkes Research LLC previously provided asset management services for investment assets within the country's financial market has been removed.
