UzLiDeP: To reach a new stage of development free market

MPs of UzLiDeP faction, representatives of commercial banks, insurance organizations, entrepreneurs and farmers discussed of bringing to the electorate the essence and significance of adopted law “On investment and mutual funds”.

- In the face of continuing the global financial and economic crisis requires effective use of internal resources and capabilities via formation the institute of investment and mutual funds, - said the deputy of the Legislative Chamber of Oliy Majlis and member of UzLiDeP K. Ergashev. - Therefore, the modern investment institutions and investment funds are widely used during the privatization in our country, which contribute to the further growth of the economy and the development of free market relations.

The new law will allow the free flow of capital between economic sectors, providing investors and the general public access to the capital market, the creation of alternative opportunities to generate savings and their multiplying. During the development of this law has been analyzed and studied the laws of the USA, Germany, Korea, Russia and other countries in this field.

- The main purpose of this law is to regulate relations between the investment and mutual funds in their organization and activities, - said Head of department of UzLiDeP on work with MPs A. Huseynov. - This law fully meets the interests of entrepreneurs, which are the electorate of our party. That’s why we pay attention to explain this law to population with the assistance of experts and specialists of the sphere.

At the event, it was underlined that this law is the legal document for the further democratization of the market economy, liberalization of securities market, increase the contribution and role of the private owners in the economy, improve the business environment, increasing competition in the financial market and the effective protection of investors’ rights.

Participants of the event received detailed answers from the experts to their questions.