The Cabinet of Ministers has adopted a new Regulation on the standards for the sufficiency of own funds for professional participants in the securities market. This decision was signed by the Chairman of the Government, Adylbek Kasymaliev.
According to the document, the changes are aimed at improving the financial stability and increasing the competitiveness of organizations operating in the securities market. The minimum sizes of the authorized capital for various areas of activity are defined as follows:
Trust management of investment assets:
– until January 1, 2027 — 10 million soms;
– until January 1, 2028 — 15 million soms;
Dealer activities:
– until January 1, 2027 — 3 million soms;
– until January 1, 2028 — 5 million soms;
Maintaining the register of securities owners:
– until January 1, 2027 — 4 million soms;
– until January 1, 2028 — 6 million soms;
Activities of investment funds:
– until January 1, 2027 — 2 million soms;
– until January 1, 2028 — 3 million soms.
In addition, government resolutions adopted in 2011, 2013, and 2014, which regulated previous norms, as well as certain provisions of government and cabinet decisions from 2023, are recognized as having lost their force.
These new standards are expected to lead to an increase in the standards of work for professional participants in the securities market and create conditions for the sustainable development of the country's financial sector.
