Regulatory Alerts2022-09-19
Added · Updated
Instruction No. 241 on the Procedure for Disclosure of Information on Banking Services to Consumers of Credit Financial Organizations
The National Bank of Tajikistan issued Instruction No. 241 to establish minimum and unified requirements for credit financial organizations to disclose information about banking services to consumers. The regulation mandates fair, accurate, and accessible disclosure practices before, during, and after contract execution, ensuring consumers understand costs, risks, and their rights. It specifically requires detailed pre-contractual information, standardized contract clauses, and ongoing transparency regarding account statements and service changes.
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