According to the established schedule, the minimum charter capital will be increased in stages:
- from January 1, 2025 — at least 3,000,000 soms (this requirement is already in effect),
- from July 1, 2026 — 7,000,000 soms,
- from July 1, 2027 — 14,000,000 soms,
- from July 1, 2028 — 20,000,000 soms.
The agency notes that these changes signify a revision of the rules governing market operations. Previously, a pawnshop could exist with minimal resources; however, it is now required that the capital be sufficient to cover risks, fulfill obligations to clients, and avoid dubious practices aimed at compensating for a weak financial base.
The financial supervision emphasizes that these measures are not directed against honest market participants. "This is rather a kind of filter: those who do not wish to increase their capital and comply with established requirements will be forced to leave the market. As a result, consolidation is expected, where more resilient players will remain, capable of implementing internal control, meeting disclosure requirements, and operating legally," the release states.
Moreover, the capital increase is accompanied by the introduction of other restrictions and requirements, such as a ban on unilateral deterioration of contract terms, limitations on data transfer to credit bureaus, and enhanced transparency of loan conditions. Collectively, these measures are aimed at restructuring the industry, suggesting a reduction in "quick schemes" and an increase in clear standards.
For clients, the essence of the reform is clear: the more stable the company, the less likely it is to profit from hidden fees and disputed charges. For businesses, this is a signal that they need to prepare in advance for the established deadlines of 2026–2028, as the boundaries of the capital corridor have already been defined and will be narrowed.
