Regulatory Alerts2017-07-31 | 14/16Added · Updated
Amendments and Additions to the Regulation on Transactions with Persons Related to the Bank
The Central Bank of Uzbekistan amends the Regulation on Transactions with Persons Related to the Bank by adding 'repo' and 'swap' to the list of financial instruments in clause 2 and revising clause 18 to explicitly include these instruments, along with credit line modifications, guarantees, and various investment obligations, in the calculation of risk exposure for a single related person. Clause 19 is also updated to specify that loans granted to enterprises established based on assets of economically distressed companies acquired through competitive auctions are included in the risk calculation. These amendments align the regulation with recent laws on courts and civil procedure, as well as presidential decrees supporting distressed enterprises.
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