STAGES OF DEVELOPMENT OF THE LEGISLATION ON INVESTMENT FUNDS IN UZBEKISTAN

Abstract. In this article the author analyses stages of development of the legislation on\ninvestment funds in Uzbekistan. Nowadays, the economy of Uzbekistan is advancing\nrapidly. Economic development causes great demand for capital. The role of investment\nfunds in the market of financial services as a means of private investing is indispensable.\nAt present, there are a few investment funds operating in Uzbekistan, but their activities\ncannot be called satisfactory. The legislation in this sphere was established 25 years ago\nand has undergone some changes over the time. In this article, the author pays attention\nto the stages of development of legislation related to investment funds, and analyses the\nlegislation in the sphere.\nKeywords: Investment funds, investment assets, mutual funds, capital market, securities\nmarket, cash, dividends, financial fraud.\n

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