New platforms for trading currency bonds may emerge in Uzbekistan.

The document proposes the establishment of specialized platforms on the exchanges of Uzbekistan for the issuance and circulation of currency bonds.

Both residents and non-residents of the country will be able to act as issuers of these bonds. Additionally, legal entities will be permitted to purchase foreign currency to fulfill obligations related to securities.

Furthermore, the draft law includes an unlimited duration for the "regulatory sandbox" regime. Domestic companies that have not experienced defaults and have not faced penalties from regulatory authorities in the past two years will be eligible to participate in this program.

Both local and foreign participants in the "regulatory sandbox" will have the opportunity to invest in bonds of international companies, government bonds, and exchange-traded funds (ETFs). International financial institutions will also be granted the right to issue bonds in sums.

According to the draft law, a document regulating the creation and operation of investment funds, including exchange and real estate funds, must be prepared by May 1, 2025.

Discussion of the draft law will continue until January 28, and citizens of Uzbekistan can submit their proposals and comments.