The Parliament of Uzbekistan approved the new edition of the Law on the Securities Market on 15 May. It is considered to be another step towards the development of the local securities market.
The main goal of the law is to increase the efficiency and competitiveness of the securities market. It aims to simplify and improve legal procedures related to the issuance of securities, including new financial tools and the introduction of modern electronic technologies.
The law sets the requirements for professional activities in the securities market, the rights and liabilities of the participants of the market, as well as clarifies the responsibility for violations of securities market legislation.
Contact:
Ekaterina Konovalova,
Relationship Manager, Global Securities Services Russia
Ekaterina.Konovalova@unicredit.ru