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Notice Summary

Title:
UK-London: Capacity Building for Selected State Institutions in Uzbekistan
Document Ref:
GB003ZM330886
Document Type:
Contract Notice - Other
Published By:
European Bank for Reconstruction and Development
Date Published:
21 May 2020
Deadline Date:
16 June 2020
Document Source:
Framework/DPS:
No
Alert Profile:
Labels:

Notice Abstract

Single Stage Open Competitive Selection for Individuals - Request for Proposals This Selection Record Cancels and Supersedes 82427 Project Description: The European Bank for Reconstruction and Development (the “EBRD” or the “Bank”) is assisting the Capital Markets Development Agency (“CMDA”) in building their capacity to implement capital markets reforms (the “Project”). Uzbekistan’s capital markets sector is going through a critical and rapid reform period. The CMDA is tasked with an ambitious goal to bring the largely inactive and volatile markets to a “frontier” status in the next 5 years, and to the “emerging” market in the subsequent 10 years. To implement this, the CMDA is finalising new Capital Markets Development Strategy (“CMDS”) to record the country’s commitment to bring its capital markets to the frontier stage in the next 5 years and lay out steps needed to achieve that. The EBRD’s Local Currency and Capital Markets (LC2) team has been supporting the CMDA with a technical assistance project to perform a barriers/gap analysis and develop recommendations in connection with the strategy development, in part of equity markets. The ADB has been helping providing similar assistance with respect to debt markets. In order to support implementation of the reform, EBRD aims at addressing the capacity challenge in CMDA by providing a group of dedicated resident professional experts on a short-term basis (the “CMDA Reform Support Team”) with a mandate to support the design and implementation of reforms in the capital markets area, in particular focusing on the support to implementation of the CMDS. Assignment Description: In the context of the Project, the EBRD is now seeking to engage a consultant (the “Consultant”) for the position of the Legal Specialist of the CMDA Reform Support Team (the “Assignment”). The Consultant will report functionally to the Head of the CMDA and the Team Leader of the CMDA Reform Support Team and is expected to work closely with both. The CMDA Reform Support Team will work closely with dedicated resources from the business, legal and other units of the CMDA. The tasks of the Consultant will include, inter alia, the following: · Provide legal support to the preparation/finalisation of the detailed Implementation Work Plan for the CMDA Reform Support Team for 12 months. The focus areas of the legal specialist include, but not limited to, 1) regulatory authorities 2) due legislative process 3) consistency within the overall legal framework 4) insolvency and resolution and 5) rules and best practices for accounting, audit, disclosure and investor protection. Preparation of the detailed Implementation Work Plan will be led by Team Leader and is expected to cover: a) the functionality of the CMDA Reform Support Team within the CMDA and its work arrangement; b) a specific set of tasks to be delivered by the CMDA Reform Support Team members and CMDA staff, including based on the Implementation Roadmap that is developed under the “Capital Market Development Strategy” within the EBRD and ADB TC project c) a precise sequence of actions and interdependencies among tasks; d) a separate project management plan for legal and regulatory capital market reforms that are identified in the CMDS. The plan should include, but not be limited to, the scope of each sub-project/component, expected/necessary donor engagement and cooperation plan with various local and international stakeholders. · Take lead on the preparation of the draft legal and regulatory acts to support implementation of the CMDS through the detailed Work Implementation Plan, including by being the in-house partner coordinating the work of any other legal experts, including law firms, that maybe attracted by the CMDA to support implementation of the CMDS; · Contribute to the repots produced by the Reform Support Team or on the work of the Reform Support Team within his/her areas of responsibility. This is a full-time role

Notice Details

CONTRACT NOTICE – NATIONAL

SERVICES

1 Authority Details

1.1

Authority Name and Address

European Bank for Reconstruction and Development
N/A
London UK
N/A N/A
KonomiI@ebrd.com N/A

1.2

Address from which documentation may be obtained

As in 1.1

1.3

Completed documents must be returned to:

As in 1.1

2 Contract Details

2.1

Title

Capacity Building for Selected State Institutions in Uzbekistan

2.2

Description of the goods or services required

Single Stage Open Competitive Selection for Individuals - Request for Proposals

This Selection Record Cancels and Supersedes 82427

Project Description: The European Bank for Reconstruction and Development (the “EBRD” or the “Bank”) is assisting the Capital Markets Development Agency (“CMDA”) in building their capacity to implement capital markets reforms (the “Project”).

Uzbekistan’s capital markets sector is going through a critical and rapid reform period. The CMDA is tasked with an ambitious goal to bring the largely inactive and volatile markets to a “frontier” status in the next 5 years, and to the “emerging” market in the subsequent 10 years.

To implement this, the CMDA is finalising new Capital Markets Development Strategy (“CMDS”) to record the country’s commitment to bring its capital markets to the frontier stage in the next 5 years and lay out steps needed to achieve that. The EBRD’s Local Currency and Capital Markets (LC2) team has been supporting the CMDA with a technical assistance project to perform a barriers/gap analysis and develop recommendations in connection with the strategy development, in part of equity markets. The ADB has been helping providing similar assistance with respect to debt markets.

In order to support implementation of the reform, EBRD aims at addressing the capacity challenge in CMDA by providing a group of dedicated resident professional experts on a short-term basis (the “CMDA Reform Support Team”) with a mandate to support the design and implementation of reforms in the capital markets area, in particular focusing on the support to implementation of the CMDS.

Assignment Description: In the context of the Project, the EBRD is now seeking to engage a consultant (the “Consultant”) for the position of the Legal Specialist of the CMDA Reform Support Team (the “Assignment”).

The Consultant will report functionally to the Head of the CMDA and the Team Leader of the CMDA Reform Support Team and is expected to work closely with both. The CMDA Reform Support Team will work closely with dedicated resources from the business, legal and other units of the CMDA.

The tasks of the Consultant will include, inter alia, the following:

· Provide legal support to the preparation/finalisation of the detailed Implementation Work Plan for the CMDA Reform Support Team for 12 months. The focus areas of the legal specialist include, but not limited to, 1) regulatory authorities 2) due legislative process 3) consistency within the overall legal framework 4) insolvency and resolution and 5) rules and best practices for accounting, audit, disclosure and investor protection. Preparation of the detailed Implementation Work Plan will be led by Team Leader and is expected to cover:

a) the functionality of the CMDA Reform Support Team within the CMDA and its work arrangement;

b) a specific set of tasks to be delivered by the CMDA Reform Support Team members and CMDA staff, including based on the Implementation Roadmap that is developed under the “Capital Market Development Strategy” within the EBRD and ADB TC project

c) a precise sequence of actions and interdependencies among tasks;

d) a separate project management plan for legal and regulatory capital market reforms that are identified in the CMDS. The plan should include, but not be limited to, the scope of each sub-project/component, expected/necessary donor engagement and cooperation plan with various local and international stakeholders.

· Take lead on the preparation of the draft legal and regulatory acts to support implementation of the CMDS through the detailed Work Implementation Plan, including by being the in-house partner coordinating the work of any other legal experts, including law firms, that maybe attracted by the CMDA to support implementation of the CMDS;

· Contribute to the repots produced by the Reform Support Team or on the work of the Reform Support Team within his/her areas of responsibility.

This is a full-time role. The Legal Expert is expected to be based in Tashkent, Uzbekistan.

2.3

Notice Coding and Classification

2.4

Total quantity or scope of tender

Location:

Uzbekistan

Consultant Selection Procedure: Single stage open competitive selection. Interested individual experts are now invited to submit a Technical Proposal and a Financial Proposal in the manner described in the submission requirements.

Assignment Start Date and Duration: The Assignment is expected to start in Q3 2020 and has an estimated initial duration of 12 months. Subject to availability of funding, the performance of the selected Consultant and the business needs, the Assignment may be extended beyond the current scope.

Cost Estimate for the Assignment: To be determined.

Funding Source: It is anticipated that the contract will be financed by the EBRD’s Special Shareholders’ Fund. Please note that Selection and contracting are subject to the availability of funding.

Eligibility: There are no eligibility restrictions based on the Consultant's country of origin.

Consultant Profile: Individual services are required. The successful individual is expected to possess the following:

Academic qualifications in law, preferably with an advanced degree and with both common and civil law qualification;

Preferably 8 years or more of professional experience in drafting capital markets law, preferably both in common and civil law jurisdictions;

Preferably 8 years or more of professional experience in drafting/supporting the a adoption of legislations and regulations for money market, government securities market, corporate bond market, derivatives market and equity market;

Professional experience in one or more of the EBRD’s countries of operations which are in the similar stages of legal and regulatory framework would be a strong advantage;

Profound understanding of the Uzbekistan capital markets is an advantage;

Strong project management skills, leadership skills and interpersonal skills;

Strong analytical skills, with the ability to interpret and report on complex issues;

Excellent drafting and communications skills;

Fluency in written and spoken English;

Knowledge of Russian and/or Uzbek will be an advantage;

Ability to prioritise and work under the pressure to meet the deadlines;

Ability to interact effectively with senior officials in government and the business community.

3 Conditions for Participation

3.1

Minimum standards and qualification required

4 Administrative Information

4.1

Type of Procedure

The procedure type is unknown.

4.2

Reference number attributed to the notice by the contracting authority

n/a

4.3

Time Limits

   16-06-2020  Time 17:00

4.5

Language or languages in which tenders or requests to participate can be drawn up

EN 

4.6

Tender Submission Postbox

5 Other Information

5.1

Additional Information

Please visit the following portal to view this notice:

https://www.ebrd.com/work-with-us/procurement/pn-83072.html

Closing date:16 Jun 2020 at 17:00 hrs London

(MT Ref:330886)

5.2

Additional Documentation

5.3

Publication date of this notice

 20-05-2020

Current Notes