Prospects for Improving the Collective Investment Environment in Uzbekistan and Enhancing Legislation Related to the Sector

This article examines the ongoing reforms in the investment legislation of the Republic of Uzbekistan with a particular focus on the development of collective investment mechanisms and institutional investors. It analyzes recent legislative innovations, including the introduction of the concepts of potential investors, qualified investors, investment companies, management companies, and venture funds. The study identifies existing gaps in the legal regulation of collective investment activities, especially the absence of comprehensive and stable norms in core legislative acts. Drawing on comparative legal analysis of the United States and Germany, the article evaluates foreign models of investment funds, institutional investors, and private pension systems. Based on this analysis, specific legislative proposals are formulated to supplement the Law of the Republic of Uzbekistan “On Investment and Mutual Funds” with new legal definitions and regulatory provisions. The implementation of these proposals is expected to strengthen legal certainty, enhance investor protection, and stimulate the growth of collective investment and institutional investors in Uzbekistan.

Hali tarjima qilinmagan