Page 3 - Microsoft Word - FR_NewRegulation_e

April 2021
 Simplification of the remote account opening procedures with simultaneous strengthening of AML/KYC compliance procedures;
 Development of the RSE Toshkent by negotiating with potential investors, reducing the state's stake to 25%+1 shares through a new issue of shares and strengthening the material base of the exchange;
 Improvement and control of the dividends payment system to shareholders with the automation of the process;
 Facilitating access for foreign investors and the inclusion of Uzbekistan in the MSCI index by the end of 2023;
In general, the document incorporates most of the recommendations and changes proposed by both local market participants and international consultants for the development of all segments of the capital market. In addition, a significant block was added to develop the domestic government debt securities market and liberalize access to it for both local and foreign investors.
Both the proposed actions and the tight deadlines for the implementation of this program inspire interest and hope for the rapid development of the market in 2022- 2023. Most interested investors should take active steps to prepare the infrastructure for entering a market that can show significant growth based on the proposed changes.
3 Capital market