Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on June 20, 2017, registration number 2709-1

Date of Entry into Force

27.06.2017

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

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

[Registered by the Ministry of Justice of the Republic of Uzbekistan on June 20, 2017, registration number 2709-1]

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 Managing Liquidity of Commercial Banks, approved by Resolution No. 19/14 of the Board of the Central Bank of the Republic of Uzbekistan dated July 22, 2015 (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 enters into force from the date of its official publication.

Chairman of the Central Bank M. NURMURATOV

Tashkent city,

June 10, 2017,

No. 12/1

APPENDIX

To the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated June 10, 2017, No. 12/1

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

1. Paragraph 43 shall be stated in the following wording:

"43. To ensure the timely and full performance of banks' obligations, they must comply with the norms of instant and current liquidity."

2. Paragraphs 43-1 and 43-2 shall be added in the following wording:

"43-1. The current liquidity coefficient is determined by the ratio of the sum of current assets (liquid assets and deposits of the bank with a payment term of up to 30 days, excluding loans with an extended term or a repayment term that has expired) to the sum of current liabilities (liabilities payable on demand and with an execution term of up to 30 days) and must not be less than 30 percent.

43-2. The instant liquidity coefficient is determined by the ratio of the sum of cash in the bank's cash desk and other payment documents, as well as funds in the bank's accounts at the Central Bank of the Republic of Uzbekistan (excluding the mandatory reserve account at the Central Bank and funds in mandatory reserve deposits) to the balance of accounts listed in Appendix 3 to this Regulation — the sum of liabilities payable on demand.

Only funds in the national currency of the Republic of Uzbekistan are taken into account when calculating the instant liquidity coefficient.

The instant liquidity coefficient must not be less than 10 percent starting from August 1, 2017, 15 percent starting from November 1, 2017, and 20 percent starting from January 1, 2018."

3. Appendix 3 shall be added to the Appendix to these amendments and additions in the following wording:

APPENDIX

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

"APPENDIX 3

to the Regulation on Requirements for Managing Liquidity of Commercial Banks

LIST

of Accounts of Liabilities Payable on Demand of Commercial Banks

No.	Liabilities Payable on Demand	Balance Sheet Accounts
A	B
1.	Deposits held payable on demand	20200
2.	Accounts of other banks	21002, 21008
3.	Accrued interest to be paid	22402, 22403, 22405, 22406, 22476
4.	Other deposits of clients	22600 minus 22602, 22628
5.	Transit accounts for funds to be transferred to clients' plastic cards	23100
6.	Clearing transactions	23200 minus 23206
7.	Accounts for income and other revenues belonging to the Government	23400 minus 17500
8.	Income received from clients' plastic cards	23500 minus 17400
9.	Other liabilities	29800 minus 29822, 29826, 29830, 29842, 29846	".

(Collection of Legislation of the Republic of Uzbekistan, 2017, No. 25, Article 559)