Regulatory Alerts2022-04-20 | ЎРҚ-765-сонAdded · Updated
Law of the Republic of Uzbekistan on Non-Bank Credit Organizations and Microfinance Activities
The Law defines non-bank credit organizations, including microfinance institutions, pawnshops, mortgage refinancing entities, guarantee providers, and factoring companies, and specifies their permitted activities and prohibitions. It establishes maximum loan limits for microfinance (100 million UZS for individuals, 300 million UZS for businesses), restricts the acceptance of deposits, and mandates compliance with prudential norms and anti-money laundering regulations. The legislation also outlines the legal forms for establishment, naming requirements, and the regulatory framework overseen by the Central Bank of Uzbekistan.