An experimental platform for trading stocks of foreign companies will be created on the Tashkent stock exchange, the First Deputy Director of the National Agency for Prospective Projects, Vyacheslav Pak announced at the Senate session on February 21.
He added that in 2024 there was a "significant increase in trading" on the stock exchange, which a reached a historic high of 18.5 trillion soums. In addition, a legal framework has been set up for green bonds issue and their first issue for 50 billion soums was registered, data on trading on the stock exchange became available on Bloomberg, and the Unified Portal of Corporate Information was integrated with the exchange.
Vyacheslav Pak also announced the development of a Capital Market bill together with international experts and the submission of the document to the government for consideration. NAPP is preparing a new version of the Joint-Stock Companies Law, which is planned to be submitted to the Cabinet of Ministers.
He underscored that Uzbekistan residents sought to purchase securities of foreign companies, but due to legislative restrictions, purchasing shares of non-residents is banned by laws.
“We [NAPP] plan to set up an experimental platform for trading shares of non-residents on the Tashkent Stock Exchange for Uzbeks to legally buy shares of Tesla, Google and others.
