The resolution was issued on December 8, 2025, under number 787, with the aim of strengthening financial stability and enhancing the competitiveness of market participants.
Within the framework of the new regulation, phased minimum capital requirements are established for various categories of professional participants:
Trust management of investments:
- by January 1, 2027 — at least 10 million soms;
- by January 1, 2028 — at least 15 million soms.
Dealer activities:
- by January 1, 2027 — at least 3 million soms;
- by January 1, 2028 — at least 5 million soms.
Maintaining registers of securities owners:
- by January 1, 2027 — at least 4 million soms;
- by January 1, 2028 — at least 6 million soms.
Activities of investment funds:
- by January 1, 2027 — at least 2 million soms;
- by January 1, 2028 — at least 3 million soms.
Additionally, the resolution cancels the previous Regulation on normative indicators of sufficiency of own funds (editions of 2011–2014) and a number of related changes, including a clause of the Cabinet resolution dated January 13, 2023, number 9.
This document will come into effect seven days after its official publication in the newspaper "Erkin Too," which took place on December 9, 2025.
