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.
Kapital Sugurta plans to sell its stake in the insurance company Alskom JSC in the amount of 16.23% of the charter capital of the company.
On 12 December, at the official launch ceremony of the subscription campaign, a collection of investors' applications for the purchase of shares of the leading producer of plastic products of the Republic of Uzbekistan Jizzakh Plastmassa was announced. Funds from the implementation of the additional issue of shares will be used to further expand the production of the enterprise itself.
The Agency for the Development of the Capital Market advocates the lifting of restrictive rules for issuing corporate bonds and permitting their issuance by limited liability companies. The relevant bill developed by the Agency was introduced to the Oliy Majlis of the Republic of Uzbekistan in the prescribed manner.
An international conference entitled “The role of the capital market in the development of the economy of Uzbekistan” was held in the capital, the purpose of which was to discuss the future development of the capital market in our country.