Republic of Uzbekistan
Federation of Euro-Asian Stock Exchanges
Overall, 2019 was extremely effective year for Capital Markets of Uzbekistan. The first and one of the crucial factors for development of our market was the establishment of independent regulator "Capital Market Development Agency" (further CMDA) of the Republic of Uzbekistan.
One of the most memorable moments of the last year was the organization of conference in USA where Government officials and Uzbekistan`s market participants presented the infrastructure and investment opportunities in capital market of Uzbekistan. Also, during the meeting with representatives of NASDAQ in their headquarter, Chairman of the Board of RSE "Toshkent" Mr. Bekzod Usmonov and Vice President of NASDAQ Mr. Joel Kazis signed MoU.
Moreover, On November 12-14, CMDA conducted seminar-training "Development and oversight of capital and commodities markets" where Senior experts from U.S. Securities and Exchange Commission and Commodities Futures Trading Commission shared their insights on market development, enforcement, examination of market participants, public offerings of securities and issuer disclosure. Seminar training was designed as a forum fr the exchange of best practices on the development and regulation of capital markets.
On November 15, CMDA with other Government organizations organized an International Conference "The role of capital markets in economic development of Uzbekistan" where Senior Government officials and CEO of several leading companies of Uzbekistan, representatives of EBRD, ADB, Citibank, U.S. Securities and Exchange Commission and London stock exchange gave a speech and participated in panel sessions.
Furthermore, KPMG и Ernst & Young received the license to operate as an Investment consultant in capital markets of Uzbekistan.
Last but not least significant fact was the development of "Strategy of development of Capital Markets of Uzbekistan for 2020-2025" by CMDA where noted the main ways of development of Uzbekistan`s capital markets.
Economic Development and Outlook
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