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

Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on 03.04.2018, registration number 2707-2

Date of Entry into Force

03.04.2018

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30.01.2021

03.04.2018

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Document lost force 30.01.2021

[OKOS:

1. 03.00.00.00 Civil Legislation / 03.11.00.00 Specific Types of Obligations / 03.11.12.00 Debt;

2. 03.00.00.00 Civil Legislation / 03.11.00.00 Specific Types of Obligations / 03.11.14.00 Financial Contract for Financing in Favor of a Person Other Than the Payee (Factoring);

3. 07.07.00.00 Legislation on Finance and Credit. Banking Activity / 07.22.00.00 Lending / 07.22.01.00 General Matters;

4. 21.00.00.00 Complex Documents on Amendments and Additions / 21.04.00.00 Departmental Normative Legal Documents]

[TSZ:

1. Finance / Banks and Other Credit Institutions. Credits]

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

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

[Registered by the Ministry of Justice of the Republic of Uzbekistan on April 3, 2018, registration number 2707-2]

This resolution loses its force on January 30, 2021, based on Resolution No. 21/12 of September 21, 2020 of the Board of the Central Bank of the Republic of Uzbekistan 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).

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 shall be made to the Appendix to the Regulation on Maximum Risk Amounts for a Single Borrower or a Group of Interrelated 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, dated August 5, 2015) (Collection of Legislation of the Republic of Uzbekistan, 2015, No. 31, Article 420).

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

Chairman of the Central Bank M. NURMURATOV

Tashkent city,

March 17, 2018,

No. 9/9

Appendix

to Resolution No. 9/9 of the Board of the Central Bank of the Republic of Uzbekistan dated March 17, 2018

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

1. In paragraph 4, the words "off-balance sheet items of the balance sheet" in the fifth bullet point shall be replaced with the words "off-balance sheet accounts."

2. Paragraph 10 shall be stated in the following wording:

"10. If the deposit is made in foreign currency, the value of this currency must constitute at least 105% of the credit balance. The value of the deposit currency must be revalued when the exchange rate of the national currency to foreign currency changes for the purposes of accounting, statistical reporting, and other reporting of the Central Bank of the Republic of Uzbekistan for currency operations, as well as for calculating customs and other mandatory payments within the territory of the Republic of Uzbekistan."

3. Chapter 3 shall be declared void.

(National Database of Legal Information, 03.04.2018, 10/18/2707-2/0989)