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Amendments and Additions to the Regulation on Requirements for Liquidity Management of Commercial Banks

The Central Bank of Uzbekistan amends the Regulation on Requirements for Liquidity Management of Commercial Banks by updating the Preamble to explicitly define the scope of the regulation and adding a new clause to Paragraph 3 to include securities issued by mortgage refinancing organizations. Additionally, Paragraph 35 is amended by replacing the term "refinancing" with "main" in its second bullet point. These changes apply to commercial banks and are effective from January 11, 2022.

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Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on December 10, 2021, registration number 2709-5

Date of entry into force

January 11, 2022

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[
OKOB:
1.
07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.19.00.00 Banking System / 07.19.03.00 Bank Reserves and Reserves. Capitalization]
[
TSZ:
1.
Finance / Currency Regulation. Precious Metals (Stones)]

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

On Amendments and Additions to the Regulation on Requirements for Liquidity Management of Commercial Banks

[Registered by the Ministry of Justice of the Republic of Uzbekistan on December 10, 2021, registration number 2709-5]

In accordance with the Laws of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan" and "On Banks and Banking Activity", the Board of the Central Bank of the Republic of Uzbekistan resolves:

  1. Amendments and additions to the Regulation on Requirements for Liquidity Management of Commercial Banks, approved by the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated July 22, 2015, No. 19/14 (registration number 2709, August 13, 2015) (Collection of Legislation of the Republic of Uzbekistan, 2015, No. 32, Article 437), shall be made in accordance with the Appendix.

  2. This resolution shall enter into force one month after the date of its official publication.

Chairman of the Central Bank M. NURMURATOV

Tashkent city,

November 19, 2021,

No. 27/6

APPENDIX

To the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated November 19, 2021, No. 27/6

Amendments and additions to the Regulation on Requirements for Liquidity Management of Commercial Banks

The Preamble shall be stated in the following wording:

"This Regulation establishes the requirements for liquidity management of commercial banks (hereinafter referred to as banks) in accordance with the Laws of the Republic of Uzbekistan 'On the Central Bank of the Republic of Uzbekistan' and 'On Banks and Banking Activity'."

Paragraph 3 shall be supplemented with the following introductory phrase:

"Securities certifying secured credit relations issued by mortgage refinancing organizations."

In the second introductory phrase of Paragraph 35, the words "refinancing" shall be replaced with the word "main". (, December 10, 2021, No. 10/21/2709-05/1153)

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Source: Central Bank of the Republic of Uzbekistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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