Amendments to the Regulation on Maximum Risk Amounts for a Single Borrower or a Group of Related Borrowers

Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on July 24, 2017, registration number 2707-1

Date of entry into force

31.07.2017

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01.30.2021

31.07.2017

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Document lost its force 01.30.2021

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21.00.00.00 Comprehensive documents on amendments and additions / 21.04.00.00 Departmental normative legal documents]

BOARD OF THE CENTRAL BANK OF THE REPUBLIC OF UZBEKISTAN

Resolution

On Amendments to the Regulation on Maximum Risk Amounts for a Single Borrower or a Group of Related Borrowers

[Registered by the Ministry of Justice of the Republic of Uzbekistan on July 24, 2017, registration number 2707-1]

This resolution is based on Resolution No. 21/12 of the Board of the Central Bank of the Republic of Uzbekistan dated September 21, 2020, "On Approval of the Regulation on Maximum Risk Amounts for a Single Borrower, a Group of Interrelated Borrowers, Including Persons Related to the Bank" (registration number 3283, dated 29.10.2020), and loses its force on January 30, 2021.

In accordance with the Law of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan", the Law of the Republic of Uzbekistan No. ORQ-428 dated April 12, 2017 "On Courts", the Laws of the Republic of Uzbekistan on Amendments and Additions to the Civil Procedure Code and the Economic Procedure Code of the Republic of Uzbekistan, and the Decree of the President of the Republic of Uzbekistan No. PF-5022 dated April 20, 2017 "On Further Expansion of Mechanisms for Supporting Economically Distressed Enterprises and Measures to Encourage the Organization of New Production Capacities Based on Real Estate Objects of Commercial Banks", the Board of the Central Bank of the Republic of Uzbekistan resolves:

1. Amendments shall be made to the Regulation on Maximum Risk Amounts for a Single Borrower or a Group of Related Borrowers, approved by Resolution No. 19/16 of the Board of the Central Bank of the Republic of Uzbekistan dated July 22, 2015 (registration number 2707, August 5, 2015) (Collection of Legislation of the Republic of Uzbekistan, 2015, No. 31, Article 420), 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 24, 2017,

No. 14/15

APPENDIX

To Resolution No. 14/15 of the Board of the Central Bank of the Republic of Uzbekistan dated June 24, 2017

AMENDMENTS TO THE REGULATION ON MAXIMUM RISK AMOUNTS FOR A SINGLE BORROWER OR A GROUP OF RELATED BORROWERS

1. The second sub-paragraph of paragraph 4 shall be worded as follows:

"loans, investments made into the share capital of legal entities and other securities, guarantees issued and funds paid and not recovered thereunder, guarantees (sureties) accepted, assets sold under installment payment conditions, acceptances or letters of credit, leasing, any legally grounded obligations for the purchase of securities and foreign currency, factoring, repos, swaps, and accrued interest and obligations reflected in off-balance sheet items;".

2. The fourth sub-paragraph of paragraph 8 shall be worded as follows:

"loans granted to companies established on the basis of assets of production enterprises sold as property in competitive tenders in accordance with the Decree of the President of the Republic of Uzbekistan No. PF-4053 dated November 18, 2008 "On Measures to Further Increase the Financial Stability of Enterprises of the Real Sector of the Economy"; and loans granted to new companies established on the basis of assets of companies accepted onto the balance sheets of banks at liquidation value in accordance with the decisions of economic courts for liquidation, in accordance with the Procedure for the Sale of Economically Distressed Enterprises to Banks in Competitive Tenders, approved by the Order of the President of the Republic of Uzbekistan No. F-4010 dated November 19, 2008;".

(Collection of Legislation of the Republic of Uzbekistan, 2017, No. 30, Article 744)