On Amendments to Certain Departmental Regulatory Legal Acts Adopted by the Board of the Central Bank of the Republic of Uzbekistan

Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on August 1, 2022, registration number 3377

Date of entry into force

August 1, 2022

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January 13, 2023

August 1, 2022

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OKOZ:
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07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.19.00.00 Banking System / 07.19.01.00 Central Bank, its structural divisions and institutions]
[
TSZ:
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Finance / Banks and other credit institutions. Credits]

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

On Amendments to Certain Departmental Regulatory Legal Acts Adopted by the Board of the Central Bank of the Republic of Uzbekistan

[Registered by the Ministry of Justice of the Republic of Uzbekistan on August 1, 2022, registration number 3377]

In accordance with the Laws of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan" and "On Non-Bank Credit Organizations and Microfinance Activity," the Board of the Central Bank of the Republic of Uzbekistan resolves:

1. Amendments to certain departmental regulatory legal acts adopted by the Board of the Central Bank of the Republic of Uzbekistan shall be made in accordance with the Appendix.

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

Chairman of the Central Bank M. NURMURATOV

Tashkent city,

July 8, 2022,

No. 14/8

APPENDIX

To the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated July 8, 2022, No. 14/8

Amendments being made to certain departmental regulatory legal acts adopted by the Board of the Central Bank of the Republic of Uzbekistan

See previous edition.
(Paragraph 1 in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated December 30, 2022, No. 30/24 (registration number 3415, January 13, 2023) — , January 13, 2023, No. 10/23/3415/0028)

2. In the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated June 27, 2020, No. 15/6 "On Approval of the Regulation on Minimum Requirements for Information Security in Information Systems of Microcredit Organizations, Pawnshops, and Mortgage Refinancing Organizations" (registration number 3260, June 30, 2020) (National Database of Legal Acts of the Republic of Uzbekistan, June 30, 2020, No. 10/20/3260/1079):

a) in the title and paragraph 1, the words "Microcredit" shall be replaced with the words "Microfinance";

b) in the Regulation:

in the title, the word "Microcredit" shall be replaced with the word "Microfinance";

in the preamble, the word "microcredit" shall be replaced with the word "microfinance".

3. In the preamble of the Regulation on the Procedure for Digital Identification of Clients, approved by the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated September 6, 2021, No. 20/5 (registration number 3322, September 30, 2021) (, September 30, 2021, No. 10/21/3322/0923), the word "microcredit" shall be replaced with the word "microfinance".

4. In Chapter 3 of the Chart of Accounts for Accounting in Commercial Banks, approved by the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated November 18, 2021, No. 20/4 (registration number 3336, November 26, 2021) (, November 26, 2021, No. 10/21/3336/1101):

in the definition of the account "13201 Short-term loans granted to non-bank financial institutions," the word "microcredit" shall be replaced with the word "microfinance";

in the definition of the account "13205 Overdue loans granted to non-bank financial institutions," the word "microcredit" shall be replaced with the word "microfinance";

in the definition of the account "13209 Short-term loans with revised terms granted to non-bank financial institutions," the word "microcredit" shall be replaced with the word "microfinance";

in the definition of the account "13299 Allowance for possible losses — Short-term loans granted to non-bank financial institutions (contra-asset)," the word "microcredit" shall be replaced with the word "microfinance";

in the definition of the account "15401 Long-term loans granted to non-bank financial institutions," the word "microcredit" shall be replaced with the word "microfinance";

in the definition of the account "15405 Long-term loans with revised terms granted to non-bank financial institutions," the word "microcredit" shall be replaced with the word "microfinance";

in the definition of the account "15499 Allowance for possible losses on long-term loans granted to non-bank financial institutions (contra-asset)," the word "microcredit" shall be replaced with the word "microfinance";

in the definition of the account "20216 Deposits of non-bank financial institutions held until demanded," the word "microcredit" shall be replaced with the word "microfinance";

in the definition of the account "21624 Short-term loans payable to non-bank financial institutions," the word "microcredit" shall be replaced with the word "microfinance";

in the definition of the account "22024 Long-term loans payable to non-bank financial institutions," the word "microcredit" shall be replaced with the word "microfinance". (, August 1, 2022, No. 10/22/3377/0696; January 13, 2023, No. 10/23/3415/0028)