INSTITUTIONAL FOUNDATIONS FOR THE DEVELOPMENT OF EQUITY CIRCULATION IN UZBEKISTAN
DOI:
https://doi.org/10.5281/zenodo.17447702Keywords:
stocks, stock market, legal framework, institutional environment, issuer, number of transactions, banking sector, investor, corporate governance.Abstract
This article presents an in-depth scientifc analysis of the legal and institutional foundations for the developmentof share trading in Uzbekistan, identifying the dominant role of banks and large fnancial institutions in the stock market.
The study substantiates the need to align the existing regulatory framework with modern international standards,
strengthen institutional infrastructure, and introduce mechanisms to enhance investor confdence.
References
Narziyev Otabek Sa’diyevich. (2022). O‘zbekistonda kapital bozorining huquqiy tizimini takomillashtirish masalalari.
Oriental Renaissance: Innovative, educational, natural and social sciences, 2(3), 703–710.
Ataniyazov Jasurbek, Narimonov Sayfullokhon. (2022). Stock Market in Uzbekistan: Current Situation and Development Prospects. British Journal of Multidisciplinary and Advanced Studies: Business and Management Sciences, 3(1),
–10
Axmedov Xasan R. (2024). Davlat ishtirokidagi korxonalarda aksiyalar qiymati va daromadliligini baholash. Iqtisodiy
taraqqiyot va tahlil, 2(2), 50–55.
Asadov, Alam; Turaboev, Ikhtiyorjon; Md Nor, Mohd Zakhiri. (2023). Legal Challenges in Establishing the Islamic Capital Market in Uzbekistan. ISRA International Journal of Islamic Finance, 15(4), 45–63.
Poghosyan, Tigran. (2022). Financial Development and Growth in the Caucasus and Central Asia. IMF Working
Paper 2022/134. International Monetary Fund.
Babasyan, Davit; Gu, Yunfan; Melecky, Martin. (2023). Late Banking Transitions: Comparing Uzbekistan to Earlier
Reformers. World Development Perspectives, 30, 100493.
OECD. (2023). Financing Uzbekistan’s Green Transition. OECD Publishing.
www.uzse.uz – the ofcial website of the Tashkent Stock Exchange
