Uzbekistan is planning to divide individuals and legal entities investing in securities into qualified and non-qualified investors, as reported by Podrobno.uz correspondent following a press conference of the National Agency for Prospective Projects (NAPP).

Qualified investors will gain access to the full range of financial products, while others may face restrictions on purchasing the most complex and risky instruments. This status can be obtained by demonstrating sufficient knowledge, practical experience, or financial resources.

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

The exact requirements have not yet been approved. They will be established in a separate regulatory document after the law is adopted. An investment intermediary will recognize a citizen or company as a qualified investor based on the regulator's criteria.

Holders of this status will have access to all products available on the market. Non-qualified participants may be restricted from investing in certain structured instruments whose mechanics and risks require specialized knowledge. However, there is no talk of a complete ban on citizens buying stocks or traditional bonds.

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

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

Source: podrobno.uz