Tashkent, Uzbekistan (UzDaily.com) — The National Agency for Prospective Projects (NAPP) has introduced a new draft law aimed at further developing the capital market.

The discussion of the document began on 13 January and will continue until 28 January 2025.

According to the draft law, investment intermediaries will be required to publish their financial statements quarterly on the openinfo.uz platform.

The document also outlines a gradual increase in the minimum charter capital for investment intermediaries:

• By 1 January 2026 — at least 1,000 times the base estimated value (BEV) (375 million soums at the time of publication);
• From 2026 — 3,000 times the BEV (1.1 billion soums);
• From 2027 — 4,000 times the BEV (1.5 billion soums);
• From 2028 — 6,000 times the BEV (2.2 billion soums).

Additionally, the draft law introduces fines for the untimely disclosure of information by issuers on the openinfo.uz platform.

A fine of 50% of the BEV (187,500 soums at the time of publication) will be imposed for each day of delay in publication.

Until the violation is rectified and the fine is paid, the agency may restrict the issuer’s access to the platform.

About 80% of the fine revenues will be directed to the state budget, while the remaining 20% will stay with NAPP.