On Amendments to the Regulation on the Procedure for Conducting Leasing Operations and Maintaining Accounting Records in Commercial Banks

Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on 16.03.2020, registration number 1648-6

Effective date: 16.03.2020

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Source of amendments: 28.02.2023 / Official publication source: 16.03.2020

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Document lost force on 28.02.2023

[OKOZ: 1. Civil legislation / Special types of obligations / Property lease (hire purchase). General matters / Leasing; 2. Finance and credit legislation. Banking activity / Accounting. Financial reporting / Specific industries]

[TSZ: 1. Finance / Accounting]

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Resolution of the Board of the Central Bank of the Republic of Uzbekistan On amendments to the Regulation on the procedure for conducting leasing operations and maintaining accounting records in commercial banks

[Registered by the Ministry of Justice of the Republic of Uzbekistan on 16 March 2020, registration number 1648-6]

LexUZ commentary

This resolution is largely superseded by the Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 1/8 dated 23 January 2023 "On approving the Regulation on the procedure for conducting leasing operations and maintaining accounting records in commercial banks, as well as on finding amendments and additions to it void", (registration number 1648-7, dated 27.02.2023).

In accordance with the Law of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan", the Board of the Central Bank resolves:

1. Amendments shall be made to the attachment of the Regulation on the procedure for conducting leasing operations and maintaining accounting records in commercial banks, approved by Resolution No. 25/6 of the Board of the Central Bank of the Republic of Uzbekistan dated 21 October 2006 (registration number 1648, 27 December 2006) (Collection of Legislation of the Republic of Uzbekistan, 2006, Nos. 51-52, Article 523), in accordance with the attachment.

2. This resolution takes effect from the date of its official publication.

Chairman of the Central Bank M. NURMURATOV
Tashkent city, 15 February 2020, No. 3/15

ATTACHMENT
Amendments to be made to the Regulation on the procedure for conducting leasing operations and maintaining accounting records in commercial banks

1. In paragraph 1, the third bullet point, the words "amounting to two thousand times the minimum wage" shall be replaced with "600 million sum".

2. The second bullet point of paragraph 14 shall be stated in the following revision: "Lease contracts must be notarized for transactions concerning property that is an object of leasing, where the law requires notarization, except for lease contracts concluded when acquiring real estate and vehicles from the primary market."

3. In paragraph 16, the first bullet point, the words "in Part Three of Article 144" shall be replaced with "in Part Six of Article 306".

(National database of legal information, 16.03.2020, No. 10/20/1648-6/0323)