Decision of the Management of the Central Bank of the Republic of Uzbekistan, registered on 02.05.2018, registration number 573-7

Effective date

03.05.2018

All

01.10.2020

03.05.2018

Form

Russian

Uzbek (Cyrillic)

Uzbek (Latin)

Uzbek|Russian

Document lost force 01.10.2020

OKOZ:

1.07.00.00.00 Legislation on finance and credit. Banking activity / 07.19.00.00 Banking system / 07.19.02.00 Commercial banks. Private banks. Foreign banks;

2.21.00.00.00 Complex‑type documents for introducing changes and additions / 21.04.00.00 Framework normative‑legal documents

TSZ:

1. Finance / Banks and other credit institutions. Loans

Decision of the Management of the Central Bank of the Republic of Uzbekistan

Amendments to the Regulation on Registering Changes and Additions to the Bank Charter Capital, Shareholders Composition, Bank Name and Address

Registered by the Ministry of Justice of the Republic of Uzbekistan on 2 May 2018, registration number 573-7

This decision is based on the Central Bank of the Republic of Uzbekistan Management’s decision No. 12/5 of 25 May 2020 titled “On finding certain normative‑legal documents adopted by the Central Bank of the Republic of Uzbekistan to have lost their force” (registration number 3253, dated 30.06.2020), which loses force mainly from 1 October 2020.

In accordance with the Law of the Republic of Uzbekistan “On the Central Bank of the Republic of Uzbekistan” and the Presidential Decree PF‑5296 dated 9 January 2018 “On Measures to Fundamentally Improve the Activity of the Central Bank of the Republic of Uzbekistan”, the Management of the Central Bank of the Republic of Uzbekistan decides:

1. Amend the Regulation on the procedure for registering changes to the bank charter capital amount, shareholders composition, bank name and address, and the changes and additions entered into the charter, which was approved by the Management on 9 November 1998 (Resolution No. 426) and registered under number 573 on 19 December 1998, in accordance with the attached appendix.
2. This decision enters into force on the day of its official announcement.

Chairman of the Central Bank M. NURMURATOV

Tashkent,

14 April 2018,

No. 14/20

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Appendix

Amendments to the Regulation on Registering Changes and Additions to the Bank Charter Capital, Shareholders Composition, Bank Name and Address

1. The first sub‑paragraph of clause 1.4 shall be amended to read:

“For the registration of changes and additions to be entered into the charter, the bank shareholders’ general meeting shall, within one month from the day the relevant decision is adopted, submit three copies of the following documents to the Central Bank’s Department of Prudential Supervision of Credit Organizations (hereinafter – the Prudential Supervision Department):”

2. Clause 1.5 shall be amended to read:

“1.5. If the submitted documents comply with the legislation and the requirements of this Regulation, the Prudential Supervision Department shall forward them to the Bank Supervision Committee (hereinafter – the Committee) for consideration of the issue of registering the changes and additions to the bank charter; otherwise, the documents shall be returned to the bank for revision.

The review and registration of the changes and additions to the charter shall be carried out within 30 days.”

3. Clause 1.6 shall be amended to read:

“1.6. After the Committee adopts a decision on the registration of the changes and additions to the bank charter, the Prudential Supervision Department shall record on the title page of the bank charter that the changes and additions have been registered, and one copy of the submitted documents shall be placed in the legal archive of the bank kept at the Central Bank.

The registered documents shall be delivered in one copy to the relevant Central Bank Main Department located at the bank’s head office and to the bank’s legal archive for filing.

The Republic of Karakalpakstan, the regions and the city of Tashkent shall note in the title page of the bank charter that the changes and additions have been registered.”

4. In clause 1.7:

   • Replace the number “1.5” in the first sub‑paragraph with “1.4”;
   • Replace the word “Commission” in the second sub‑paragraph with the word “Committee”.

5. In the first sub‑paragraph of clause 4.6, the first sub‑paragraph of clause 5.4, clause 6.1 and the first sub‑paragraph of clause 6.3, replace the word “Licensing” with the words “Prudential supervision”.

6. The first sub‑paragraph of clause 4.7 shall be amended to read:

“The Prudential Supervision Department shall review the submitted documents and refer to the Committee the issue of confirming the bank’s new name, registering the related changes and additions to the bank charter, and re‑issuing the license that grants the right to carry out bank operations under the new name.”

7. In clause 4.8:

   • Replace the word “Licensing” in the first sub‑paragraph with the words “Prudential supervision”;
   • Replace the word “Commission’s” in the second sub‑paragraph with the word “Committee’s”.

8. The first sub‑paragraph of clause 6.4 shall be amended to read:

“6.4. The Prudential Supervision Department shall review the submitted documents and, if they comply with the requirements of this Regulation, refer to the Bank Supervision Committee the issue of registering the changes and additions to the regulation concerning the bank branch.”

9. In clause 6.7:
   • The first sub‑paragraph shall be amended to read:

“6.7. After the Committee adopts a decision on the registration of the changes and additions to the regulation concerning the bank branch, the Prudential Supervision Department shall record on the title page of the branch’s regulation that the changes and additions have been registered; one copy of the Committee’s statement and the submitted documents shall be placed in the legal archive of the branch kept at the Central Bank.”

• Replace the word “Commission” in the second sub‑paragraph with the word “Committee”.

(National Legal Database, 03.05.2018, 10/18/573-7/1152)