On Amendments and Additions to the Instruction on Accounting Procedures for Non-Bank Credit Organizations

Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on August 20, 2025, registration number 3263-3

Date of Entry into Force

August 21, 2025

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[OKOS:

1.21.00.00.00 Complex documents on amendments and additions / 21.04.00.00 Departmental normative legal documents]

[TSZ:

1. State and Society Structure / Legislative Initiative. Norm-making activity]

Resolution of the Board of the Central Bank of the Republic of Uzbekistan

On Amendments and Additions to the Instruction on Accounting Procedures for Non-Bank Credit Organizations

[Registered by the Ministry of Justice of the Republic of Uzbekistan on August 20, 2025, registration number 3263-3]

In accordance with the Law of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan" and Law No. ORQ-1058 dated April 17, 2025 "On Amendments and Additions to Certain Legislative Acts of the Republic of Uzbekistan in Connection with the Improvement of the System of Financial Support for Business Entities," the Board of the Central Bank of the Republic of Uzbekistan resolves:

1. Amendments and additions shall be made to the Appendix of the [Instruction](/docs/4910477?ONDATE=30.06.2020 00#4912970) on Accounting Procedures for Non-Bank Credit Organizations, approved by Resolution No. 15/9 of the Board of the Central Bank of the Republic of Uzbekistan dated June 27, 2020 (registration number 3263, June 30, 2020) (National Database of Legislative Acts, June 30, 2020, No. 10/20/3263/1100).

2. This resolution enters into force from the date of its official publication.

Chairman T. ISHMETOV

Tashkent,

July 30, 2025,

No. 17/7

Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated July 30, 2025, No. 17/7

APPENDIX

Amendments and Additions to the Instruction on Accounting Procedures for Non-Bank Credit Organizations

1. The [Preamble](/docs/4910477?ONDATE=24.10.2022 00#6276124) shall be stated in the following wording:

"This Instruction establishes the procedure for accounting and organizing accounting work for microfinance organizations, pawnshops, mortgage refinancing, factoring, and guarantee organizations (hereinafter in the text referred to as non-bank credit organizations)."

2. Paragraph [2](/docs/4910477?ONDATE=24.10.2022 00#6276144) shall be stated in the following wording:

"2. Microfinance organizations, pawnshops, and factoring organizations shall develop, approve, and apply their accounting policy in accordance with the legislative acts of the Republic of Uzbekistan and this Instruction. Mortgage refinancing organizations (hereinafter in the text referred to as mortgage organizations) and guarantee organizations shall develop, approve, and apply their accounting policy in accordance with the legislative acts of the Republic of Uzbekistan, International Financial Reporting Standards, and this Instruction, as well as establish the document circulation procedure taking into account the specifics of their activities."

3. The words "Microfinance organizations and pawnshops" in the [title](/docs/4910477?ONDATE=24.10.2022 00#6278203) of Chapter 3 shall be replaced with the words "Microfinance organizations, pawnshops, and factoring organizations."

4. The first sentence of [Paragraph 60](/docs/4910477?ONDATE=24.10.2022 00#6276196) shall be supplemented with the words "and factoring organization" after the word "pawnshop."

5. [Paragraph 76](/docs/4910477?ONDATE=24.10.2022 00#6276210) shall be stated in the following wording:

"76. All documents confirming ownership rights to fixed assets — their valuation, insurance policies, and other documents — must be stored in separate consolidated folders."

6. The words "factoring (assignment of monetary claim) contract" in [Paragraph 101](/docs/4910477?ONDATE=24.10.2022 00#6276371) shall be replaced with the words "factoring (financing in exchange for the transfer of monetary claim to another person in favor of a third party) contract."

7. The second sentence of [Paragraph 109](/docs/4910477?ONDATE=30.06.2020 00#4913509) shall be stated in the following wording:

"Asset inventory is carried out based on the National Standard of Accounting of the Republic of Uzbekistan (No. 19 BSMS) 'Organization and Conduct of Inventory' (registration number 3548, August 12, 2024)."

8. [Paragraph 125](/docs/4910477?ONDATE=30.06.2020 00#4913556) shall be stated in the following wording:

"125. Inventory of funds in these accounts is carried out based on the National Standard of Accounting of the Republic of Uzbekistan (No. 19 BSMS) 'Organization and Conduct of Inventory' (registration number 3548, August 12, 2024)."

9. The words "Mortgage organization" in the [title](/docs/4910477?ONDATE=30.06.2020 00#4913580) of Chapter 4 shall be replaced with the words "Mortgage organization and guarantee organization."

10. The words "Mortgage organization" in [Paragraph 134](/docs/4910477?ONDATE=30.06.2020 00#4913582) shall be replaced with the words "Mortgage organization and guarantee organization (hereinafter in the text referred to as organizations)."

11. [Paragraph 135](/docs/4910477?ONDATE=30.06.2020 00#4913586) shall be stated in the following wording:

"135. The procedure for carrying out cash operations in organizations is carried out in the manner established by the organizations in accordance with current legislation."

12. The words "Mortgage organization" in [Paragraphs 136](/docs/4910477?ONDATE=30.06.2020 00#4913588) and [140](/docs/4910477?ONDATE=30.06.2020 00#4913601) shall be replaced with the word "Organizations."

13. The words "Assets of the mortgage organization (resources allocated to banks)" in [Paragraph 137](/docs/4910477?ONDATE=02.05.2024 00#6913350) shall be replaced with the words "Assets of organizations (resources allocated to credit organizations)."

14. The words "Mortgage organization's" in [Paragraph 139](/docs/4910477?ONDATE=28.07.2021 00#5645127) shall be replaced with the word "Organizations'."

15. In [Appendix 1](/docs/4910477?ONDATE=30.06.2020 00#4913867):

The words "microfinance organization, pawnshop, and mortgage organization" in [Paragraph 3](/docs/4910477?ONDATE=24.10.2022 00#6276414) shall be replaced with the words "microfinance organizations, pawnshops, mortgage refinancing, factoring, and guarantee organizations";

The words "control key" in the [sixth sentence](/docs/4910477?ONDATE=30.06.2020 00#4913985) of Paragraph 9 shall be replaced with the words "additional sequence number";

The words "the organization calculates the control key itself," in [Paragraph 10](/docs/4910477?ONDATE=30.06.2020 00#4913994) shall be replaced with the words "additional sequence number with a sequence number from 0 to 9 and";

After the balance sheet account "45201 Income from services and intermediation" in [Chapter 2](/docs/4910477?ONDATE=30.06.2020 00#4914024), a new balance sheet account 45217 with the following content shall be added:

"45217 Income from purchased receivables — Factoring";

After the balance sheet account "45201 Income from services and intermediation" in [Chapter 3](/docs/4910477?ONDATE=30.06.2020 00#4916130), the name and definition of the new balance sheet account 45217 shall be added:

"45217 Income from purchased receivables — Factoring

Definition of the account: Income from purchased receivables is recorded.

The credit side of the account reflects the income amount earned upon repayment of purchased receivables by the debtor.

The debit side of the account reflects the amount of returned incorrect income, as well as the income amount transferred to account 31206 as the financial result of the bank at the end of the financial reporting year."

(No. 10/25/3263-3/0756, August 21, 2025)