Regulatory Alerts2023-03-09
Instruction No. 150 on the Procedure for Banks of the Republic of Tajikistan to Conduct Safe Deposit Operations
The National Bank of Tajikistan issued Instruction No. 150 to regulate the procedures for banks conducting safe deposit box operations, including client onboarding, fee structures, and security protocols. The document mandates strict adherence to storage standards, prohibits hazardous materials, and outlines the legal framework for contract termination, key management, and access control. It further defines the rights and obligations of both the bank and the client, including specific accounting entries and procedures for handling client absence or death.
Share