Who and How Can Obtain the Status of a Qualified Investor
Only they will be able to access foreign securities in Uzbekistan
The document establishes requirements for individuals and legal entities applying for this status, as well as the obligations of investment intermediaries. A qualified investor is considered a client who has confirmed their knowledge, experience, and capital and agreed to accept investment-related risks.
For an individual, one of the conditions may be having funds, securities, or other financial instruments totaling no less than $5,000. The candidate must also pass a test on the securities market, financial instruments, risks, portfolio formation, and the basics of investment legislation. The intermediary independently determines the content of the assessment, passing criteria, and the procedure for retaking the test.
A client may be exempted from testing if they have experience in transactions over the previous year, a qualification certificate from the Uzbek securities market, an internationally recognized financial certificate accepted by the broker, a relevant higher education degree, or at least two years of work experience in transactions, investment recommendations, decision-making, or risk management in the stock market.
A company must simultaneously have net assets of no less than 1,500 BRV, an employee with a relevant higher education degree and at least two years of work experience in a financial organization, as well as a minimum of five transactions in the securities market over the previous year. Banks, insurance companies, investment funds, and other licensed financial organizations automatically receive the status.
The intermediary is obliged to document the procedure for recognizing a client as a qualified investor, disclose risks, and quarterly submit to the NAPP (National Agency for Project Perspectives) consolidated data on status grants, refusals, and revocations. A decrease in the value of assets due to market fluctuations alone does not lead to its cancellation.
