{"id":16806,"date":"2026-06-25T13:16:44","date_gmt":"2026-06-25T08:16:44","guid":{"rendered":"https:\/\/invest-in-uzbekistan.org\/?p=16806"},"modified":"2026-06-25T12:47:33","modified_gmt":"2026-06-25T07:47:33","slug":"opredeleny-mery-po-dalnejshemu-razvitiyu-rynka-kapitala","status":"publish","type":"post","link":"https:\/\/invest-in-uzbekistan.org\/en\/novosti-uzbekistana\/opredeleny-mery-po-dalnejshemu-razvitiyu-rynka-kapitala\/","title":{"rendered":"Measures for the further development of the capital market have been identified"},"content":{"rendered":"<strong>President Shavkat Mirziyoyev reviewed a presentation on measures to further develop the capital market, the press service of the head of our state <a href=\"https:\/\/president.uz\/ru\/lists\/view\/9339\">reports<\/a>.<\/strong><\/p>\n<p><a href=\"http:\/\/invest-in-uzbekistan.org\/wp-content\/uploads\/6243ddb4-8b79-5058-958f-892adf7d73c2_lists_slider_.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-16807\" src=\"http:\/\/invest-in-uzbekistan.org\/wp-content\/uploads\/6243ddb4-8b79-5058-958f-892adf7d73c2_lists_slider_.jpg\" alt=\"\" width=\"1900\" height=\"1266\" srcset=\"https:\/\/invest-in-uzbekistan.org\/wp-content\/uploads\/6243ddb4-8b79-5058-958f-892adf7d73c2_lists_slider_.jpg 1900w, https:\/\/invest-in-uzbekistan.org\/wp-content\/uploads\/6243ddb4-8b79-5058-958f-892adf7d73c2_lists_slider_-300x200.jpg 300w, https:\/\/invest-in-uzbekistan.org\/wp-content\/uploads\/6243ddb4-8b79-5058-958f-892adf7d73c2_lists_slider_-1024x682.jpg 1024w, https:\/\/invest-in-uzbekistan.org\/wp-content\/uploads\/6243ddb4-8b79-5058-958f-892adf7d73c2_lists_slider_-768x512.jpg 768w, https:\/\/invest-in-uzbekistan.org\/wp-content\/uploads\/6243ddb4-8b79-5058-958f-892adf7d73c2_lists_slider_-1536x1023.jpg 1536w, https:\/\/invest-in-uzbekistan.org\/wp-content\/uploads\/6243ddb4-8b79-5058-958f-892adf7d73c2_lists_slider_-254x169.jpg 254w\" sizes=\"auto, (max-width: 1900px) 100vw, 1900px\" \/><\/a><\/p>\n<p>In recent years, our country has been consistently working to liberalize the economy, transform state-owned enterprises, accelerate privatization processes, and create a favorable environment for investors. Capital market development is crucial to this.<\/p>\n<p>Last month, a major event took place in our country&#8217;s financial life. The National Investment Fund held its first initial public offering on the London and Tashkent Stock Exchanges. This once again demonstrated that our economy is becoming an open and reliable platform for foreign investment.<\/p>\n<p>As noted, international investors are showing increasing interest in Uzbekistan&#8217;s capital market. In particular, reputable international financial institutions such as the Asian Development Bank, the International Finance Corporation, and the European Bank for Reconstruction and Development are issuing their bonds in national currency on the local stock market.<\/p>\n<p>The need for a modern infrastructure, a legal framework compliant with international standards, tax incentives, and, most importantly, a reliable and transparent business environment was emphasized.<\/p>\n<p>In this regard, a new version of the draft law &#8220;On the Capital Market&#8221; was developed jointly with international financial organizations. This document, consisting of 16 chapters and 123 articles, aims to regulate the capital market based on modern market norms, protect investors&#8217; rights, strengthen market infrastructure, and introduce new financial instruments.<\/p>\n<p>The draft law provides for the introduction of new financial instruments widely used internationally. Specifically, in accordance with the standards of the International Swaps and Derivatives Association, our country will implement a system for concluding transactions in derivative financial instruments such as options, swaps, futures, and forwards, as well as based on netting agreements.<\/p>\n<p>The legal framework is being created for banks to issue covered bonds, as well as special bonds based on mortgage loan obligations. This will facilitate the attraction of long-term resources for banks, the development of the mortgage market, and the expansion of financial opportunities for the population.<\/p>\n<p>Particular attention is also paid to the introduction of Islamic finance instruments. For the first time in our country, the terms for the issuance of sukuk securities are being defined, including such types of Islamic finance as partnership, lease, trading, and agency sukuk.<\/p>\n<p>The presentation also addressed issues related to improving the securities market infrastructure. The Central Securities Depository&#8217;s powers are expected to be expanded: it will be granted the right to make centralized dividend payments and open correspondent accounts with foreign banks.<\/p>\n<p>Financial institutions will provide professional services for the safekeeping of clients&#8217; securities, record-keeping, and related transactions. Simplifying the procedure for admitting foreign nominee holders to the local market will expand opportunities for attracting foreign institutional investors.<\/p>\n<p>It is also planned to align the regulator&#8217;s powers with international requirements and standards. This will facilitate effective oversight of market participants, ensure information transparency, promptly respond to violations of the law, and reliably protect investor rights.<\/p>\n<p>To place national companies&#8217; shares on international financial markets and reliably protect investors&#8217; assets, amendments are being made to more than 10 laws and codes.<\/p>\n<p>The President of our country emphasized that the capital market is an important source of attracting long-term resources to the economy, transforming enterprises, and expanding the flow of private investment.<\/p>\n<p>Responsible officials have been instructed to discuss the revised draft law &#8220;On the Capital Market&#8221; with international partners, develop market infrastructure based on international standards, introduce new financial instruments, and train personnel for the sector.","protected":false},"excerpt":{"rendered":"<p>President Shavkat Mirziyoyev reviewed a presentation on measures to further develop the capital market, the press service of the head of our state reports. In recent years, our country has&#8230;<\/p>\n","protected":false},"author":1,"featured_media":16808,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-16806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-novosti-uzbekistana"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/16806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/comments?post=16806"}],"version-history":[{"count":2,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/16806\/revisions"}],"predecessor-version":[{"id":16811,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/16806\/revisions\/16811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/media\/16808"}],"wp:attachment":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/media?parent=16806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/categories?post=16806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/tags?post=16806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}