The President Of The Republic Of Uzbekistan Adopted The Resolution "On Measures For Further Improvement Of The System Of Capital Market Regulation"

• Published date: 17 May 2021
• Subject Matter: Finance and Banking, Corporate/Commercial Law, Financial Services, Commodities/Derivatives/Stock Exchanges, Corporate and Company Law, Corporate Governance, Securities
• Law Firm: GRATA International
• Author: GRATA International

The Capital Market Development Agency (the 'Agency') is abolished in accordance with the Resolution of the President 'On Measures for Further Improvement of the Capital Market Regulatory System' No.ПП-5073 dated 13 April 2021 (the 'Resolution No.ПП-5073'). The Ministry of Finance has succeeded to all rights, obligations and treaties of the Agency.

In particular, the Ministry of Finance has been entrusted with the following tasks in the area of capital market development:

• implementation of common policies on securities market formation, development, regulation and corporate governance;
• ensuring the protection of the rights and legitimate interests of investors in securities practices as well as of holders of securities;
• monitoring compliance with legislation on the securities market, on joint-stock companies and on the protection of shareholders' rights;
• regulation of security market operators and professional participants in securities' market, and on betting operations as well.

The Department...