The Uzbekistan Ministry of Finance announced that, together with the Central Bank, it has formed and published a register of public interest entities under a newly introduced legal status for businesses considered important to society and the economy. The register contains 425 organizations as of June. Inclusion brings specific requirements for financial reporting, audit and governance and starts a phased move to International Financial Reporting Standards. The framework follows a presidential decision adopted on Sept. 15, 2025 and a regulation registered on Dec. 27, 2025 that set the criteria for public interest entity status, the related reporting and audit requirements, and the rules for maintaining the register. The published register covers, by criteria, 96 publicly traded entities, 226 financial sector entities including commercial banks, microfinance banks, microfinance organizations, factoring companies, mortgage refinancing organizations, guarantee providers, payment system operators and payment organizations, 14 investment funds and exchanges, 44 state-owned enterprises with at least a 50% state stake that meet asset and net revenue thresholds, and 132 entities that for the last two consecutive calendar years had assets and net revenue of at least 1 million times the base calculation amount and at least 500 employees. Entities included in the register this year must organize their accounting on an IFRS basis from Jan. 1, 2027 and, for the 2028 reporting year, prepare financial statements in line with IFRS and publish them together with audit opinions. This does not apply where legislation already requires an earlier IFRS transition date.

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