Amendment and Addition to the Rules on Financial Operations Conducted by Microcredit Organizations

Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on 22.11.2017, reg. number 1642-2

Date of entry into force

23.02.2018

All

08.08.2021

23.02.2018

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Act lost force 08.08.2021

[OKOZ:

1.21.00.00.00 Complex documents on amendments and additions / 21.04.00.00 Departmental normative legal acts]

Resolution

of the Board of the Central Bank of the Republic of Uzbekistan

On the introduction of amendments and additions to the Rules on financial operations conducted by microcredit organizations

[Registered by the Ministry of Justice of the Republic of Uzbekistan on November 22, 2017. Registration No. 1642-2]

Commentary LexUz

This resolution will lose force on August 8, 2021, in accordance with the [resolution](/docs/5422508?ONDATE=08.08.2021 00#5423300) of the Board of the Central Bank of the Republic of Uzbekistan dated April 2, 2021, No. 5/10 "On Approval of the Regulation on Coordination and Regulation of Activities of Microcredit Organizations and Pawnshops" (reg. No. 3300 dated 07.05.2021).

In accordance with the laws of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan", "On Microcredit Organizations", Decree of the President of the Republic of Uzbekistan dated September 2, 2017, No. UP-5177 "On Priority Measures for Liberalization of Currency Policy" and resolution of the President of the Republic of Uzbekistan dated September 12, 2017, No. PP-3270 "On Measures for Further Development and Increasing the Stability of the Banking System of the Republic", the Board of the Central Bank of the Republic of Uzbekistan resolves:

1. Introduce amendments and additions to the [Rules](/docs/1086665?ONDATE=03.12.2006 00#1086680) on financial operations conducted by microcredit organizations, approved by the resolution of the Board of the Central Bank dated October 7, 2006, No. 24/3 (reg. No. 1642 dated November 23, 2006) (Collection of Legislation of the Republic of Uzbekistan, 2006, No. 46-47, Art. 470), according to the appendix.

2. This resolution enters into force upon the expiration of three months from the day of its official publication.

Chairman of the Central Bank M. NURMURATOV

Tashkent,

November 11, 2017,

No. 31/7

APPENDIX
to the resolution of the Board of the Central Bank of the Republic of Uzbekistan dated November 11, 2017, No. 31/7

Amendments and additions introduced into the Rules on financial operations conducted by microcredit organizations

1. Supplement with paragraph 21 of the following content:

"21. Prices and tariffs for services provided by microcredit organizations are determined only in the national currency."

2. [Paragraph 71](/docs/1086665?ONDATE=29.04.2013 00#2159395) is worded as follows:

"71. Microcredit organizations have the right to attract funds from commercial banks, loans from legal entities and individual founders. At the same time, the total volume (balance) of attracted funds must not exceed the actually formed charter capital."

(National database of legislation, 22.11.2017, No. 10/17/1642-2/0290)