On Amendments to the Regulation on Transactions with Persons Related to Banks

Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on December 25, 2019, registration number 2706-3

Date of entry into force

25.12.2019

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30.01.2021

25.12.2019

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Document lost its force 30.01.2021

[OKOS:

1.07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.21.00.00 Banking Activity / 07.21.01.00 General Issues]

[TSZ:

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

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

On Amendments to the Regulation on Transactions with Persons Related to Banks

[Registered by the Ministry of Justice of the Republic of Uzbekistan on December 25, 2019, registration number 2706-3]

This resolution is based on the Resolution 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 Banks" [resolution] (registration number 3283, dated October 29, 2020), and ceases to be valid on January 30, 2021.

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", the Board of the Central Bank of the Republic of Uzbekistan resolves:

1. Amendments shall be made to the [Regulation] on Transactions with Persons Related to Banks, approved by Resolution 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), in accordance with the [Appendix].

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

Chairman of the Central Bank M. NURMURATOV

Tashkent city,

December 13, 2019,

No. 30/10

Appendix

to the Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 30/10 dated December 13, 2019

Amendments being made to the Regulation on Transactions with Persons Related to Banks

1. Paragraph 7 shall be recognized as having lost its force.

2. Paragraph 26 shall be worded as follows:

"26. In case of violation of the requirements of this Regulation by banks, the Central Bank has the right to apply measures and sanctions provided for in the Law of the Republic of Uzbekistan 'On Banks and Banking Activity'."

(National Database of Legislative Acts of the Republic of Uzbekistan, December 25, 2019, No. 10/19/2706-3/4196)