Investors in Uzbekistan will be divided into two categories

Investors in Uzbekistan will be divided into two groups

Tashkent, Uzbekistan – Podrobno.uz News Agency.

Uzbekistan plans to introduce a classification of investors – both individuals and legal entities investing in securities – into qualified and non-qualified. This was announced following a press conference by the National Agency for Prospective Projects (NAPP), reports a Podrobno.uz correspondent.

Qualified investors will be granted full access to all types of financial products, while others may be subject to restrictions on the acquisition of the most complex and high-risk instruments. Qualified investor status will be achieved by possessing relevant knowledge, practical experience, or sufficient financial resources.

Specifically, the regulator is considering criteria such as specialized education in finance, economics, and mathematics, experience trading stocks and bonds, a brokerage account, and a certain amount of savings or other assets.

The exact requirements have not yet been approved. They will be codified in a separate regulation after the relevant law is adopted. An investment intermediary will recognize an individual or company as a qualified investor based on criteria established by the regulator.

Those who receive this status will have access to all products available on the market. Non-qualified participants may be limited in their investments in certain structured instruments whose operating mechanisms and risks require specialized knowledge. However, there is no proposal to completely ban individuals from purchasing shares or traditional bonds.

The agency is also considering establishing investment limits for non-qualified investors. However, the exact amounts and application procedures for such a limit are still being developed. The NAPP expects the relevant document to be adopted by the end of 2026.

Previously, a new version of the Law "On the Capital Market" was presented to Uzbek President Shavkat Mirziyoyev, which provides for the introduction of derivative financial instruments and Islamic securities in the country.