Tashkent, Uzbekistan (UzDaily.com) - The National Agency for Prospective Projects (NAPP) published a draft resolution on the introduction of a special legal regime, known as the “regulatory sandbox”, on the securities market of Uzbekistan.

This regime is intended for foreign investment intermediaries, brokers, and other intermediaries. This will allow them to participate in the local securities market.

Access to the sandbox will be provided to investors from 37 countries.

Legal entities from these countries will be able to participate in the local securities market without the need to obtain a local license or open a branch in Uzbekistan.

As part of the “sandbox,” foreign nominal holders will be given the right to open securities accounts, securities accounts, as well as soum and foreign currency accounts with the Central Bank in Uzbekistan.

Non-residents participating in organized trading will also be able to open accounts with commercial banks.

These measures are designed to facilitate the participation of foreign investors in the local securities market and stimulate the development of the investment sector in Uzbekistan.