Abstract
In this article the author analyses stages of development of the legislation on
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.