2020-05-25 | 12/6

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On Amendments to the Regulation on the Procedure for Destroying Blank Forms of Ordinary Bills of Exchange and Deposit Certificates of Banks

This resolution amends the Regulation on the Procedure for Destroying Blank Forms of Ordinary Bills of Exchange and Deposit Certificates of Banks by updating Clause 3 to require blank forms of redeemed, unsuitable, and unused securities to be marked with the inscription "Redeemed," and updating Clause 21 to mandate that the certificate be certified by the signature of the Bank Board Chairman. The amendments apply to all banks and enter into force from the date of official publication on June 10, 2020.

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Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on June 10, 2020, Registration No. 1477-3

Effective Date June 10, 2020

All | Reference to subsequent revision | Reference to previous revision | Indexing according to QTUQ | Indexing according to QMQ

Source of Amendments Official Publication Source View: Russian, Uzbek, O’zb, Uzbek|Russian

[OKOS:

  1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.21.00.00 Banking Activity / 07.21.08.00 Operations of Banks with Securities;
  2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.25.00.00 Issuance of Securities / 07.25.07.00 Destruction (cancellation) of Securities] [TSZ:
  3. Finance / Banks and other credit institutions. Credits;
  4. Finance / Securities. Securities Market]

RESOLUTION OF THE BOARD OF THE CENTRAL BANK OF THE REPUBLIC OF UZBEKISTAN

On Amendments to the Regulation on the Procedure for Destroying Blank Forms of Ordinary Bills of Exchange and Deposit Certificates of Banks

[Registered by the Ministry of Justice of the Republic of Uzbekistan on June 10, 2020, Registration No. 1477-3]

In accordance with the Law of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan" and Resolution No. PQ-4525 dated November 20, 2019 of the President of the Republic of Uzbekistan "On Measures to Further Improve the Business Environment and Perfect the System of Supporting Entrepreneurship", the Board of the Central Bank of the Republic of Uzbekistan resolves:

  1. Amendments shall be made to the Regulation on the Procedure for Destroying Blank Forms of Ordinary Bills of Exchange and Deposit Certificates of Banks, approved by Resolution No. 10/6 dated May 12, 2005 (Registration No. 1477, dated May 30, 2005) (Collection of Legislation of the Republic of Uzbekistan, 2005, No. 22, Article 163), in accordance with the Appendix.

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

Chairman of the Central Bank M. NURMURATOV Tashkent City, May 25, 2020, No. 12/6

APPENDIX

Amendments being made to the Regulation on the Procedure for Destroying Blank Forms of Ordinary Bills of Exchange and Deposit Certificates of Banks

  1. Clause 3 shall be stated in the following edition: "3. Blank forms of redeemed securities, as well as blank forms of unsuitable and (or) unused securities, shall be marked with the inscription 'Redeemed'."

  2. Clause 21 shall be stated in the following edition: "21. The certificate shall be certified by the signature of the Chairman of the Bank Board."

(National Database of Legal Information, June 10, 2020, No. 10/20/1477-3/0733)

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