It is attended by members of the Senate, the Government, representatives of ministries and departments, deputies of local Councils, members of the Youth Parliament at the Senate and media workers.

The plenary session is chaired by the Chairman of the Senate of the Oliy Majlis, Tanzila Narbayeva.

You can directly follow the discussion of issues at the plenary session online through the Senate's YouTube channel.

The Constitutional Law "On the Tashkent International Financial Center", aimed at further improving the investment climate in the country, attracting international capital and forming a modern financial infrastructure, was considered at the plenary session of the Senate of the Oliy Majlis.

During the discussion, it was noted that this Constitutional Law was discussed at the 16th plenary session of the Senate and was sent to the Legislative Chamber along with proposals for its improvement. The Conciliation Commission, composed of senators and deputies of the Legislative Chamber, finalized the Law with the participation of representatives of interested government agencies and organizations.

The Constitutional Law defines the status of the Tashkent International Financial Center as a separate territory, as well as the basic principles of its activities.

Along with this, the Law also contains provisions aimed at ensuring financial stability for international investors in the Financial Center area.

It is established that the Financial Services Authority is responsible for licensing, regulating, monitoring the provision of financial services and additional services, as well as for the application of coercive measures, and the Tashkent International Commercial Court has exclusive powers to resolve disputes within its jurisdiction and judicial administration.

The members of the Senate noted that this Constitutional Law serves as an important legal basis for the development of the capital market in the republic and the expansion of investment flows.

A special emphasis is also placed on the opportunities that are created for the participants of the Financial Center. In particular, the Law provides for the possibility of hiring foreign specialists without obtaining confirmation of the right to work. Thus, foreign citizens and stateless persons who are persons of the Financial Center can obtain an entry visa for up to five years.

The senators noted in their speeches that the Tashkent International Financial Center is being created and managed to ensure legal clarity, regulatory predictability, judicial independence, as well as attract and protect investors in accordance with the best practices of the world's leading internationally recognized financial centers, and as a leading financial center will contribute to the growth of the economy of the Republic of Uzbekistan.

At the end of the discussion, the Law was approved by the senators.