Article 11. Regulatory Impact Assessment

On Tashkent international financial centre (LRU-1158-son) · Date: 13.07.2026 · In force

1. Before proposing a Significant TIFC Act, the relevant TIFC Body shall prepare and publish a regulatory impact assessment analysing: (a) the policy problem or objective that the proposed TIFC Act is intended to address; (b) the costs and benefits of the proposed measure and any alternatives considered; (c) the likely effect of the proposed measure on the competitiveness and attractiveness of the TIFC; (d) the likely effect on TIFC Participants and TIFC Persons; and (e) the proposed implementation timeline and transition arrangements.

2. Following completion of the consultation process, the relevant TIFC Body may revise the regulatory impact assessment to reflect material information received during consultation.

3. The regulatory impact assessment shall be published as part of or alongside the consultation paper required by Article 10 of this Constitutional Law.

4. The content requirements, methodology, and form of regulatory impact assessments shall be further determined by the TIFC Board.

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National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/8325847

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Cite as: Article 11. Regulatory Impact Assessment On Tashkent international financial centre (LRU-1158-son). neolex.uz/en/laws/law-8325838/11 (lex.uz/docs/8325847)