Investment Funds In Uzbekistan: Legal Analysis

Аннотация

In this article the author analyses the economic, social and legal factors which caused the emergence of investment funds in Uzbekistan. Nowadays, the economy of Uzbekistan is advancing rapidly. Economic development causes great demand for capital. The role of investment funds in the market of financial services as a means of private investing is indispensable. At present, there are a few investment funds operating in Uzbekistan, but their activities cannot be called satisfactory. The legislation in this sphere was established 25 years ago and has undergone some changes over the time. In this article, the author pays attention to the stages of development of legislation related to investment funds, and analyses the legislation in the sphere. KEYWORDS Investment funds, investment assets, mutual funds, capital market, securities market, cash, dividends, financial fraud.