Regulatory Alerts2023-04-26 | ПФ-62Added · Updated
On Amendments and Additions to Certain Documents of the President of the Republic of Uzbekistan and on Declaring Some Documents Invalid
The Decree amends multiple presidential decrees and resolutions to reclassify 'microcredit' as 'microfinance', expand the scope of organizations eligible for vocational and entrepreneurship training for youth and women, and authorize rent payments in foreign currencies for large shopping center construction projects with investments exceeding $200 million. It also mandates the termination of non-withdrawable special purpose accounts held by business entities in commercial banks and updates institutional references to reflect recent government restructuring. Additionally, the Decree declares specific provisions and entire documents from 2008 to 2019 invalid, including parts of resolutions concerning banking system reforms, tax service IT systems, and microfinance services.
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