Regulatory Alerts2022-09-19
Instruction No. 243 on Licensing of Credit Organizations
The National Bank of Tajikistan issued Instruction No. 243 to establish the licensing framework for banks and non-bank credit organizations, detailing the application process, document requirements, and license issuance procedures. The regulation mandates that founders submit comprehensive documentation—including proof of capital sources, senior management qualifications, and a validated business plan—within a statutory three-month review period. It further standardizes license reissuance following corporate restructuring or name changes, ensuring continuous regulatory oversight and consolidated supervision of foreign banking groups.
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