In particular, along with non-resident legal entities from recognized foreign jurisdictions, residents of Uzbekistan can also become participants in the special legal regime "Regulatory Sandbox" in the field of the capital market.
It is established that the special legal regime is valid for an unlimited period of time.
It is noted that the existence of previously committed capital market offenses, as well as the "reasoned judgment" of the authorized body, are grounds for refusing to register the applicant in a special legal regime.
At the same time, failure to submit reports within 2 months, violation of the requirements of the special legal regime and the "reasoned judgment" of the authorized body serve as grounds for revoking the status of a participant in the special legal regime.
For reference: an informed judgment is a professional assessment applied by an authorized body in addition to the requirements established by law, and presupposes the priority of the actual content of the issue under consideration over its formal content.
