BISHKEK, Kyrgyzstan, July 1. A new law aimed at advancing the development of Kyrgyzstan’s stock market and attracting investment has been signed by President Sadyr Japarov, Trend reports via the Financial Supervision Authority.
The legislation “On Amendments to Certain Legislative Acts in the Sphere of the Securities Market” is designed to modernize the country’s regulatory framework, promote transparency among joint-stock companies, and align corporate governance practices with international standards.
The adopted amendments will facilitate the digitalization of the securities market, enhance the resilience of the non-banking financial sector, and ensure better protection of investor rights. Notably, the new legal framework will ease the entry of both domestic and foreign companies into the stock market and allow the issuance of green, social, and sustainable bonds, as well as global depository receipts (GDRs).
The law also introduces simplified procedures for the admission of foreign securities to the Kyrgyz market and establishes a legal basis for the operation of a national securities depository. Additional provisions include restrictions on bond issuance to cover debt obligations and a ban on securities purchases by entities under international sanctions.
Authorities view the legislation as a critical step in forming a transparent and investor-friendly capital market in Kyrgyzstan, with long-term potential to attract sustainable financing and international partnerships.
