Uzbekistan Approves Unified Register of Mutual Funds

Tashkent, Uzbekistan (UzDaily.com) — The National Agency for Perspective Projects of Uzbekistan has approved the Regulation on the procedure for maintaining a Unified Register of mutual funds. The document was developed in accordance with the Law “On Investment and Mutual Funds” and establishes unified rules for the formation, maintenance and updating of the register.

According to the regulation, it defines the procedure for interaction between the authorized state body, asset management companies and other capital market participants in providing and updating information included in the register.

The document also sets out the list and formats of required submissions, the structure of data to be included in the Unified Register, including information available for public access. In addition, it establishes timelines for reviewing applications, as well as conditions and procedures for making amendments.

The adoption of the regulation is aimed at eliminating existing legal gaps and creating a systematic mechanism for accounting mutual funds in the country.