Decision of the Management of the Central Bank of the Republic of Uzbekistan, registered on 08.08.2025, registration number 3658

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09.08.2025

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1.21.00.00.00 Complex documents on amendments and additions / 21.04.00.00 Administrative normative‑legal documents

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1. State and society structure / Legislative initiative. Norm creation activity

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Decision of the Management of the Central Bank of the Republic of Uzbekistan

On amendments and additions to certain administrative normative‑legal documents adopted by the Management of the Central Bank of the Republic of Uzbekistan

[Registered by the Ministry of Justice of the Republic of Uzbekistan on 8 August 2025, registration number 3658]

Pursuant to the laws of the Republic of Uzbekistan Law on the Central Bank of the Republic of Uzbekistan and Law on Banks and Banking Activity, the Management of the Central Bank of the Republic of Uzbekistan decides:

1. Amendments and additions shall be made to certain administrative normative‑legal documents adopted by the Management of the Central Bank of the Republic of Uzbekistan in accordance with the appendix.
2. This decision shall enter into force as of the day of its official announcement.

Chairman T. ISHMETOV

Tashkent city,

10 July 2025,

No. 14/10

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Appendix to the Decision of the Management of the Central Bank of the Republic of Uzbekistan dated 10 July 2025, No. 14/10 decision

Amendments and additions being introduced to certain administrative normative‑legal documents adopted by the Management of the Central Bank of the Republic of Uzbekistan

1. The preamble of the Regulation on Corporate Governance in Commercial Banks, approved by the Decision No. 12/8 of the Management of the Central Bank of the Republic of Uzbekistan dated 25 May 2020 (registration number 3254, 30 June 2020) (National Database of Legal Documents, 30.06.2020, No. 10/20/3254/1045), shall be expressed in the following wording:

“This Regulation defines the principles for establishing corporate governance in commercial banks, including micro‑finance banks (hereinafter referred to as banks in this text).”

2. The preamble of the Regulation on the Limiting Conditions for Granting Mortgage Loans to the Population, approved by the Decision No. 13/8 of the Management of the Central Bank of the Republic of Uzbekistan dated 11 June 2020 (registration number 3269, 30 June 2020) (National Database of Legal Documents, 30.06.2020, No. 10/20/3269/1113), shall be expressed in the following wording:

“This Regulation defines the limiting conditions for the granting of mortgage loans to the population by commercial banks, including micro‑finance banks (hereinafter referred to as banks in this text).”

3. The preamble of the Regulation on Requirements for Internal Audits of Commercial Banks, approved by the Decision No. 3/2 of the Management of the Central Bank of the Republic of Uzbekistan dated 16 April 2021 (registration number 3302, 7 May 2021) (No. 10/21/3302/0486), shall be expressed in the following wording:

“This Regulation defines the requirements for establishing internal audit in commercial banks, including micro‑finance banks (hereinafter referred to as banks in this text).”

4. The preamble of the Regulation on Accounting Policy and Financial Reporting Requirements of Commercial Banks, approved by the Decision No. 20/3 of the Management of the Central Bank of the Republic of Uzbekistan dated 18 November 2021 (registration number 3337, 27 November 2021) (No. 10/21/3337/1103), shall be expressed in the following wording:

“This Regulation defines the development and implementation of accounting policy by commercial banks, including micro‑finance banks (hereinafter referred to as banks in this text), as well as the requirements applicable to banks’ financial statements.”

5. The fourth paragraph of article 1 of the Regulation on the Procedure for Introducing a Special Legal Regime in the Field of Financial Services by the Central Bank of the Republic of Uzbekistan, approved by the Decision No. 19/14 of the Management of the Central Bank of the Republic of Uzbekistan dated 30 August 2022 (registration number 3391, 4 October 2022) (No. 10/22/3391/0892), shall be supplemented after the word “banks,” with the words “micro‑finance banks.”

6. The preamble of the Regulation on Requirements for the Risk Management System of Banks and Banking Groups, approved by the Decision No. 4/11 of the Management of the Central Bank of the Republic of Uzbekistan dated 7 March 2023 (registration number 3427, 18 April 2023) (No. 10/23/3427/0218), shall be expressed in the following wording:

“This Regulation defines the requirements concerning the risk‑management system of commercial banks, including micro‑finance banks (hereinafter referred to as banks in this text), and banking groups.”

7. The preamble of the Regulation on Specific Features of Conducting Audits in a Bank and Banking Group and the Procedure for Issuing an Auditor’s Qualification Certificate for the Right to Conduct Audits of Banks, approved by the Decision No. 8/9 of the Management of the Central Bank of the Republic of Uzbekistan dated 31 March 2023 (registration number 3432, 8 May 2023) (No. 10/23/3432/0266), shall be expressed in the following wording:

“This Regulation defines the specific features of conducting audit inspections in commercial banks, including micro‑finance banks (hereinafter referred to as banks in this text), and banking groups, as well as the procedure for the Central Bank of the Republic of Uzbekistan (hereinafter referred to as the Central Bank in this text) to issue, re‑certify, extend, terminate, and manage the auditor’s qualification certificate (hereinafter referred to as qualification certificate) for the right to conduct bank audit inspections, and the procedure for maintaining the register of auditors.”

8. The preamble of the Regulation on the Procedure for Calculating Interest Rates in Commercial Banks, approved by the Decision No. 27/4 of the Management of the Central Bank of the Republic of Uzbekistan dated 23 August 2023 (registration number 3460, 29 September 2023) (No. 10/23/3460/0742), shall be expressed in the following wording:

“This Regulation defines the procedure for calculating interest rates on loans and micro‑loans (hereinafter referred to as loans in this text), deposits, debt securities, as well as other financial instruments, by commercial banks, including micro‑finance banks (hereinafter referred to as banks in this text).”

(, 09.08.2025, No. 10/25/3658/0713)