The law, which uses provisions and language similar to that of the 2012 Russian law on "foreign agents", introduces additional reporting obligations on NGOs with foreign funding that are engaged in "political" activities. The Organisation for Security and Cooperation in Europe warned in February that passing the bill "would have an overwhelmingly negative impact on civil society, human rights defenders, and the media in Kyrgyzstan". Japarov's office said in a statement that the law was designed to make the work of NGOs more transparent.
The rules, originally proposed in March 2022, realign disclosures, marketing practices and other obligations in de-SPAC transactions more closely with traditional IPOs and add increased.
The text of the directive to amend the AIFMD (so-called AIFMD 2.0) was published in the Official Journal of the EU on 26 March 2024 and will enter into force on 15 April 2024. .