On Amendments and Additions to the Regulation on Transactions with Persons Related to the Bank

Decision of the Board of the Central Bank of the Republic of Uzbekistan, registered on 06.09.2018, registration number 2706-2

Date of entry into force

06.09.2018

All

30.01.2021

06.09.2018

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Document lost its force 30.01.2021

[OKOZ:

1.07.00.00.00 Legislation on Finance and Credit. Bank Activity / 07.21.00.00 Bank Activity / 07.21.01.00 General Matters;

2.21.00.00.00 Comprehensive documents on amendments and additions / 21.04.00.00 Departmental normative-legal documents]

[TSZ:

1. Finance / Banks and other credit institutions. Credits]

DECISION OF THE BOARD OF THE CENTRAL BANK OF THE REPUBLIC OF UZBEKISTON

On Amendments and Additions to the Regulation on Transactions with Persons Related to the Bank

[Registered by the Ministry of Justice of the Republic of Uzbekistan on September 6, 2018, registration number 2706-2]

This decision loses its force from January 30, 2021, based on the Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 21/12 dated September 21, 2020, "On Approval of the Regulation on the Maximum Amount of Risk for a Single Borrower, a Group of Interrelated Borrowers, Including Persons Related to the Bank" (registration number 3283, dated October 29, 2020).

In accordance with the Laws of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan" and "On Banks and Banking Activity," and the Decree of the President of the Republic of Uzbekistan No. PF-5447 dated May 24, 2018 "On Amendments and Additions to Certain Decisions of the President of the Republic of Uzbekistan and the Government of the Republic of Uzbekistan, as well as on Recognizing Certain Decisions as Having Lost Their Force," the Board of the Central Bank of the Republic of Uzbekistan decides:

1. Amendments and additions shall be made to the Annex to the Regulation on Transactions with Persons Related to the Bank, approved by Decision No. 19/15 of the Board of the Central Bank of the Republic of Uzbekistan dated July 22, 2015 (registration number 2706, August 5, 2015) (Collection of Legislation of the Republic of Uzbekistan, 2015, No. 31, Article 418).

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

Chairman of the Central Bank M. NURMURATOV

Tashkent,

August 18, 2018,

No. 27/13

Annex to Decision No. 27/13 of the Board of the Central Bank of the Republic of Uzbekistan dated August 18, 2018

AMENDMENTS AND ADDITIONS TO THE REGULATION ON TRANSACTIONS WITH PERSONS RELATED TO THE BANK

1. In Paragraph 19:

the fifth paragraph shall be supplemented with the words "as well as loans secured by deposits at the lending bank";

the sixth paragraph shall be deleted.

3. Paragraph 20 shall be stated in the following wording:

"20. Any loan granted to a person related to the bank or to a person acting in the name of such person must be secured by collateral at market value in the following amounts:

at least 100% of the loan amount, if deposits in national currency are placed at the lending bank;

at least 105% of the loan amount, if deposits in foreign currency are placed at the lending bank;

at least 125% of the loan amount, if state securities are placed;

at least 130% of the loan amount, if other collateral instruments are placed."

(National Database of Legal Information, September 6, 2018, 10/18/2706-2/1843)