The law was developed in line with the concept of further deepening democratic reforms and forming civil society, which was proposed by the President of Uzbekistan Islam Karimov at the joint session of Senate and Legislative Chamber on 12 November 2010.

The main aim of the law is further regulation of relations in competition in trade and financial markets. One of novelties of the law is that anti-monopoly regulation now will be extended to financial services market.

Senators noted that the law will increase transparency and effective regulation of relations in competition sector, ensure equal conditions for business, free move of goods, freedom economic activity, etc.