23:08 - 11.06.2026
June 11, Fineko/abc.az. Uzbekistan has formalized a revised regulatory system governing capital markets by approving the official licensing procedure for stock exchanges and over-the-counter (OTC) securities trading operators.
According to ABC.AZ, referencing legal and financial updates from Tashkent, the Ministry of Justice has registered a new regulation under which licenses will be granted free of charge and on a perpetual (indefinite) basis. The National Agency for Perspective Projects (NAPP) will bound its statutory review period to a maximum of 20 working days.
Core Structural and Financial Requirements:
Statutory Capital Baseline: Applicants are strictly required to establish a minimum charter capital of 5.8 thousand Basic Calculating Units, translates to 2.38 billion Uzbek Soums (approximately $185,000).
Regulatory Supervision by NAPP: The regulator maintains strict baseline oversight over corporate governance structures. Any divestment or sale of company shares (including cross-border transactions involving foreign institutional investors), as well as the appointment or replacement of the Chief Executive Officer (CEO) and deputy directors, must be formally greenlit by NAPP.
Digital-First Licensing: Traditional paper permits are completely phased out. All operational clearings will be delivered in an electronic format backed by verified QR-code structures and continuously updated via the regulator’s web portal.
