The State Committee for Assistance to Privatized Enterprises and Development of Competition has been abolished. This is provided for by the president's decree on the fundamental improvement of the state assets management, antitrust regulation and development of the securities market.

As Uzbekistan 24 reported, the Center for Coordination and Development of the Securities Market and the Center for State Assets Management under the State Committee on Competition have also been terminated.

Three separate state authorities have been created in place of the committee:

• Antitrust Committee with powers of antimonopoly regulation, development of the competition, control over the activities of natural monopolies, licensing of commodity exchanges, protection of consumers and regulation of the advertisement market;
• State Assets Management Agency with the power to manage state-owned assets, including those abroad, conduct of privatization activities, leasing of state assets, introduction of corporate governance in business entities, assistance to rehabilitation and improvement of production efficiency of empty and inefficiently used facilities, recovery of economically insolvent business companies and bankruptcy;
• Capital Market Development Agency with powers to regulate the securities market, corporate governance and stock exchanges, as well as to regulate leasing and insurance activities. 

Nodir Djuraev, who had served as the first deputy minister of justice since April 2017, has become the director of the Agency for the Management of State-Owned Assets.

Currently there are 604 joint-stock companies operating in Uzbekistan, in 486 of them the state share amounts to 52 trillion soums. In addition, a number of ministries are founders of enterprises in their field.

Until today, 21% of the assets of 972 state-owned enterprises were managed by the State Committee on Competition, and the rest by ministries and departments.

The President instructedto prepare proposals before July 1 for improving the state regulation of economic sectors, including the abolition of legislative norms restricting the production and financial activities of business entities.