Uzbekistan has amended the Rules for the Emission of and the Official Registration of Bonds and Securities.
As of 10 June 2024, it is allowed to issue corporate bonds for projects aimed at developing the green economy.
A methodological guide for the issue and circulation of green corporate bonds is to be approved by the NAPP (National Agency of Perspective Projects).
As of 1 January 2023 organisations operating in Uzbekistan are required to submit revised statistical reporting forms, as may be applicable to them. The submission of such forms is mandatory in Uzbekistan.
The list of forms consists of over 100 items and include the following yearly forms that are provided in form of Annexes to the adopted Decision:
- Report on product manufacturing (Annex 16);
Uzbekistan has adopted Presidential Decree No. PP-436 02.12.2022 “On measures aimed at increasing the effectiveness of reforms with the goal of transition of the Republic of Uzbekistan to a “green” economy until 2030”.
The adopted document approved the Green Economy Transition Program of Uzbekistan providing for the transition to a "green" economy and ensuring "green" growth in the Republic of Uzbekistan until 2030. The plan includes the achievement of the following strategic goals:
The Cabinet of Ministers adopted Resolution No. 541 of September 7, 2020 "On further improvements of the environmental impact assessment mechanism".
In May 2019 Uzbekistan ratified the Stockholm Convention on Persistent Organic Pollutants that aims to eliminate or restrict the production and use of persistent organic pollutants.
Recent amendments to the Administrative Offences Code impose higher financial penalties for breaches of waste management legislation. Below is an overview of the recent changes.
Waste management
Organisations and sole traders operating category I or II facilities, must develop technological norms in order to be able to apply for an integrated environmental permit or to have this permit revised.
Technological standards for the mentioned categories of facilities must contain the following information:
Integrated environmental permits are issued to legal entities and sole traders operating category I environmentally hazardous facilities. One permit is to be issued for each separate facility with a negative impact on the environment, including a linear facility following an application submitted by the operator.
Amendments to the current criminal procedure legislation that would introduce the concept of corporate liability have been presented for public discussion. The amendments are a part of the overall Concept of Criminal and Criminal Procedure Legislation Improvement and aim to improve the efficiency of the existing criminal law of Uzbekistan.
As of 15 April 2018, facilities belonging to environmental hazard categories I, II and III are required to develop and implement their internal environmental compliance self-monitoring program in accordance with the adopted requirements.
Occupational exposure limits, HS management, health and safety training, H&S management, occupational safety rules
Environmental liability, waste management, air protection, water management, hazardous substances management, dangerous goods transportation, use of chemicals…
Cosmetics, food, electronics, chemicals, clothing, textiles, other consumer goods
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