Amendments and Additions to the Resolution on Approving the Instruction on Organizing Cash Operations in Commercial Banks and Collecting Cash and Other Valuables

Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on December 30, 2022, registration number 3028-6

Date of Entry into Force

December 31, 2022

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[OKOZ:

1.07.00.00.00 Legislation on Finance and Credit. Bank Activity / 07.19.00.00 Banking System / 07.19.02.00 Commercial Banks. Private Banks. Foreign Banks]

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1. Finance / Banks and other credit institutions. Credits]

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

On Amendments and Additions to the Resolution "On Approving the Instruction on Organizing Cash Operations in Commercial Banks and Collecting Cash and Other Valuables"

[Registered by the Ministry of Justice of the Republic of Uzbekistan on December 30, 2022, registration number 3028-6]

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 shall be made to the Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 16/21 dated April 28, 2018 "On Approving the Instruction on Organizing Cash Operations in Commercial Banks and Collecting Cash and Other Valuables" [resolution] (registration number 3028, June 29, 2018) (National Database of Legislation Information, July 2, 2018, No. 10/18/3028/1418).

2. This resolution enters into force from the date of its official publication.

Chairman M. NURMURATOV

Tashkent city,

December 1, 2022,

No. 27/14

APPENDIX
to the Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 27/14 dated December 1, 2022

Amendments and Additions being made to the Resolution "On Approving the Instruction on Organizing Cash Operations in Commercial Banks and Collecting Cash and Other Valuables"

1. The [preamble](/docs/3802293?ONDATE=02.07.2018 00#3806204) of the Resolution shall be stated in the following wording:

"In accordance with the Law of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan", the Board of the Central Bank of the Republic of Uzbekistan resolves:".

2. In the [Instruction](/docs/3802293?ONDATE=02.07.2018 00#3806233):

1. the [preamble](/docs/3802293?ONDATE=02.07.2018 00#3806243) shall be stated in the following wording:

"This Instruction establishes the procedure for organizing cash operations in commercial banks and collecting cash and other valuables.";

2. it shall be supplemented with paragraph 11 of the following content:

"11. For the purposes of this Instruction, a commercial bank, bank, and bank branch mean commercial bank branches, operational departments, bank service offices (centers), and other separate units that have a specific number (unique code) in the National Information Base of Bank Depositors in the manner established by legislation.";

3. [paragraph 10](/docs/3802293?ONDATE=02.07.2018 00#3806487) shall be deemed to have lost its force;

4. the words "Banknotes and coins accepted for expertise" in the [second subparagraph of paragraph 41](/docs/3802293?ONDATE=17.12.2021 00#5795152) shall be replaced with the words "Banknotes, coins, and other valuables accepted for expertise";

5. [paragraph 58](/docs/3802293?ONDATE=22.10.2020 00#5071738) shall be deemed to have lost its force;

6. [paragraph 107](/docs/3802293?ONDATE=02.07.2018 00#3809763) shall be stated in the following wording:

"107. When recounting cash bundles wrapped and tied by bank tellers, if cash discrepancies are detected, i.e., shortages or excess funds, a report shall be drawn up in Form No. 145 of the cash bundle, bundle (coins in a bag) according to Appendix 21 of this Instruction, regarding the detected shortage (including unfit or counterfeit) or excess funds. In this case:

if excess funds are detected, the report in Form No. 145 is drawn up in two copies (the first copy is attached to daily cash documents, the second copy is sent to the bank that made the error), and the amount of excess funds is credited to the profit of the bank that detected them;

if a shortage is detected, the report in Form No. 145 is drawn up in three copies (the first copy is attached to daily cash documents, the second copy is sent to the bank that made the error, the third copy is sent to the Head Bank of the bank that made the error), and the shortage amount is recovered from the teller of the bank that made the error in the manner established by legislation (the shortage amount is paid to the bank submitting the report via non-cash settlement);

if counterfeit money is detected in the cash bundle, the report in Form No. 145 is drawn up in four copies, and the fourth copy of the report is sent to the district (city) Internal Affairs Department. Measures shall be taken regarding the detected counterfeit money in accordance with the requirements of paragraph 81 of this Instruction.";

7. in [paragraph 126](/docs/3802293?ONDATE=02.07.2018 00#3809844):

the words "must have a dark brown stripe." in the [eighth subparagraph](/docs/3802293?ONDATE=03.07.2019 00#4415411) shall be replaced with the words "must have a dark brown stripe;";

it shall be supplemented with the ninth subparagraph of the following content:

"for banknotes of 200,000 sum — must have two yellow stripes with a width of 15 mm.";

the ninth subparagraph shall be considered the tenth subparagraph;

8. in [paragraph 133](/docs/3802293?ONDATE=22.10.2020 00#5071789), the words "State Emblem" JSC" shall be replaced with the words "State Emblem" State Unitary Enterprise (hereinafter in the text referred to as "State Emblem" SUE)";

9. the words "(or sealed)" in the [second subparagraph of paragraph 145](/docs/3802293?ONDATE=02.07.2018 00#3811452) shall be replaced with the words "(or sealed or sealed with the customer's seal)";

10. the word "(sealed)" in the [second subparagraph of paragraph 147](/docs/3802293?ONDATE=17.12.2021 00#5795208) shall be replaced with the words "(sealed) or sealed";

11. in [paragraph 163](/docs/3802293?ONDATE=22.10.2020 00#5072012):

the words "daily cash documents" in the [second subparagraph](/docs/3802293?ONDATE=17.12.2021 00#5795431) shall be replaced with the words "daily cash documents, based on a mutual agreement between the parties";

the words "incassation service or the supervision of the protection service of the National Guard of the Republic of Uzbekistan based on a contract between banks and the protection service units of the National Guard of the Republic of Uzbekistan" in the [fourth subparagraph](/docs/3802293?ONDATE=17.12.2021 00#5795455) shall be replaced with the words "supervision of the incassation service, the protection service of the National Guard of the Republic of Uzbekistan (using bank vehicles), or the service of the State Unitary Enterprise "Republic Special Communications Network" based on a mutual agreement";

the words "incassation service or the protection service of the National Guard of the Republic of Uzbekistan" in the [eighth to tenth subparagraphs](/docs/3802293?ONDATE=17.12.2021 00#5795470) shall be replaced with the words "incassation service, the protection service of the National Guard of the Republic of Uzbekistan (using bank vehicles), or the service of the State Unitary Enterprise "Republic Special Communications Network"";

12. the words "Cash in ATMs" in the [first subparagraph of paragraph 173](/docs/3802293?ONDATE=02.07.2018 00#3811960) and [in paragraph 178](/docs/3802293?ONDATE=02.07.2018 00#3811980) shall be replaced with the words "Cash in ATMs and other self-service equipment";

13. [paragraph 203](/docs/3802293?ONDATE=02.07.2018 00#3907175) shall be stated in the following wording:

"203. The bank manager, chief accountant, and cash manager are considered persons with material responsibility, and they are assigned the task of ensuring the integrity and inviolability of cash and other valuables in the cash vault. Persons with material responsibility must open and close the cash vault door together, personally participating.

Opening and closing the cash vault door by identifying the biometric characteristics of persons with material responsibility is permissible if it fully meets the requirements of paragraph 226. In this case, material responsibility may be assigned to the deputy of the bank manager instead of the bank manager based on the order of the Chairman of the Bank Management Board. In this case, the bank manager must exercise general supervision over the activities of persons with material responsibility.

When the Chairman of the Bank Management Board changes, the order of the previous chairman on assigning material responsibility to the deputy of the bank branch must be reviewed and renewed by the newly appointed Chairman of the Bank Management Board within one month.

In separate units of commercial banks that do not have a cash vault, as well as in cases where the positions of head of the separate unit, chief accountant, and cash manager do not exist in the staffing table, material responsibility for ensuring the integrity of cash and other valuables shall be assigned to other employees of the respective bank branch based on the relevant order of the bank, and contracts on material responsibility shall be concluded with them.";

14. the [second subparagraph of paragraph 205](/docs/3802293?ONDATE=02.07.2018 00#3907180) shall be stated in the following wording:

"It is not permitted to assign responsibility for the integrity of cash and other valuables in the cash vault to other employees when the persons with material responsibility of the bank are at work.";

15. [paragraph 214](/docs/3802293?ONDATE=02.07.2018 00#3907215) shall be stated in the following wording:

"214. For the purpose of ensuring and controlling the integrity of cash and other valuables in the bank cash vault, the cash and other valuables in the cash vault must be fully recounted by the tellers of the respective bank on the 1st day of each month.";

16. in [paragraph 219](/docs/3802293?ONDATE=02.07.2018 00#3907255):

the words "Reserve of cash to be submitted to the Central Bank" in the [fourth subparagraph](/docs/3802293?ONDATE=22.10.2020 00#5072166) shall be replaced with the words "Cash of the 'obsolete' category to be submitted to the Central Bank";

the [fifth subparagraph](/docs/3802293?ONDATE=17.12.2021 00#5795557) shall be stated in the following wording:

"they must check that the balances of strict accountability forms and valuables accepted for storage, which are accounted for on off-balance sheet accounts 90303 — "State Securities Forms", 90305 — "Central Bank Securities Forms", 90317 — "Securities Forms of Other Organizations and Institutions", 90327 — "Bank Securities Forms", 90337 — "Bank Purchased Securities", 90993 — "Guarantees and Sureties", 93609 — "Stored Valuable Items", 93616 — "State Securities Stored Conditionally", 93623 — "Conditionally Stored Private Securities/Commercial Documents", 94501 — "Securities Received as Collateral", 94502 — "Property and Property Rights Received as Collateral", 94503 — "Guarantees and Sureties Received as Collateral", match the entries recorded in Book No. 171.";

17. the [third](/docs/3802293?ONDATE=22.10.2020 00#5072182) and [fourth subparagraphs](/docs/3802293?ONDATE=22.10.2020 00#5072183) of paragraph 226 shall be deleted;

18. the words "bank manager" in the [subparagraph 'b' of paragraph 250](/docs/3802293?ONDATE=02.07.2018 00#3907405) and [in the first subparagraph of paragraph 331](/docs/3802293?ONDATE=22.10.2020 00#5072303) shall be replaced with the words "bank manager (or his deputy to whom material responsibility is assigned)";

19. the words "Excess cash" in the [second subparagraph of paragraph 267](/docs/3802293?ONDATE=02.07.2018 00#3907440) and [in the third subparagraph of paragraph 268](/docs/3802293?ONDATE=22.10.2020 00#5072199) shall be replaced with the words "Excesses detected during cash recounting";

20. the words "Funds to be collected in settlements with bank employees" in the [second subparagraph of paragraph 282](/docs/3802293?ONDATE=02.07.2018 00#3907621) shall be replaced with the words "Funds to be collected — Settlements with Bank Employees";

21. the words "Unfit banknotes and coins" in the [second subparagraph of paragraph 297](/docs/3802293?ONDATE=17.12.2021 00#5795615) shall be replaced with the words "Unfit banknotes and coins withdrawn from circulation for destruction";

22. it shall be supplemented with paragraph 3271 of the following content:

"3271. The State Unitary Enterprise "Republic Special Communications Network" transports cash and valuables between bank branches under security measures based on a contract concluded with the bank.";

23. [Appendix 4](/docs/3802293?ONDATE=02.07.2018 00#3908036) shall be supplemented with the following explanatory note:

"Note: Additional requisites may be included in the requisites of this form by banks.";

24. in [paragraph 3 of Appendix 25](/docs/3802293?ONDATE=02.07.2018 00#3910677):

the [fourth subparagraph](/docs/3802293?ONDATE=17.12.2021 00#5795686) shall be stated in the following wording:

"the cell area for banknotes of 10,000, 20,000, and 50,000 sum of the 2021 sample is 147 x 69 mm.";

it shall be supplemented with the fifth subparagraph of the following content:

"the cell area for banknotes of 100,000 sum of the 2021 sample and 200,000 sum of the 2022 sample constitutes 152 x 69 mm.";

the [fifth subparagraph](/docs/3802293?ONDATE=02.07.2018 00#3910686) shall be considered the sixth subparagraph.

(, December 31, 2022, No. 10/22/3028-6/1142)