Regulatory Alerts2017-03-28
Added · Updated
Clarification on Amendments and Additions No. 1948-12 to the Guidance on Opening Bank Accounts in Banks of the Republic of Uzbekistan
Amendments and additions No. 1948-12 were registered with the Ministry of Justice on March 24, 2017, to the Guidance on Opening Bank Accounts in Banks of the Republic of Uzbekistan (Registration No. 1948, dated April 27, 2009). These changes align the Guidance with Article 31 of the Law of the Republic of Uzbekistan "On Banks and Banking Activity" and Paragraph 57 of the Cabinet of Ministers' Regulation No. 357, which stipulates that opening bank accounts is carried out in the manner established by the Central Bank of the Republic of Uzbekistan. Specifically, the reference to the Cabinet of Ministers' Resolution No. 357 of August 20, 2003, was removed from the preamble of the Guidance.