Regulatory Alerts2017-03-04 | 4/5Added · Updated
On Amendments and Additions to the Instruction on Opening Bank Accounts in Banks of the Republic of Uzbekistan
The Central Bank of Uzbekistan amends the Instruction on Opening Bank Accounts by removing references to outdated government resolutions, deleting specific procedural words, and revising paragraphs 10, 12, 36, and 39. These changes update document retention requirements for business entities and non-residents, modify deposit account opening procedures for resident legal entities and individual entrepreneurs, and adjust filing classifications. The amendments also add clarifying text regarding seals to application forms. These changes entered into force on April 1, 2017.