On Approval of the Regulation on Requirements for Accounting Policy and Financial Reporting of Commercial Banks

Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on 27.11.2021, reg. number 3337

Date of entry into force

01.01.2022

All

09.08.2025

01.01.2022

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[OKOZ:

1.07.00.00.00 Legislation on finance and credit. Banking activity / 07.21.00.00 Banking activity / 07.21.17.00 Accounting and reporting in banks;

2.07.00.00.00 Legislation on finance and credit. Banking activity / 07.29.00.00 Accounting. Financial reporting / 07.29.05.00 Financial reporting]

[TSZ:

1. Finance / Accounting]

Resolution

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

On Approval of the Regulation on Requirements for Accounting Policy and Financial Reporting of Commercial Banks

[Registered by the Ministry of Justice of the Republic of Uzbekistan on November 27, 2021. Registration No. 3337]

In accordance with the laws of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan" and "On Accounting", as well as the resolution of the President of the Republic of Uzbekistan dated February 24, 2020 No. PP-4611 "On Additional Measures for the Transition to International Financial Reporting Standards", the Board of the Central Bank of the Republic of Uzbekistan resolves:

1. Approve the Regulation on Requirements for Accounting Policy and Financial Reporting of Commercial Banks according to Appendix No. 1*.

• Appendix No. 1 is provided in Uzbek.

2. Recognize as having lost force certain departmental normative legal acts according to Appendix No. 2.

3. This resolution enters into force on January 1, 2022.

Chairman of the Central Bank M. NURMURATOV

Tashkent,

November 18, 2021,

No. 20/3

APPENDIX No. 2
to the resolution of the Board of the Central Bank of the Republic of Uzbekistan dated November 18, 2021 No. 20/3

LIST

of normative legal acts recognized as having lost force

1. Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated July 19, 2003 No. 15/9 "On Approval of the Regulation on Accounting Policy and Financial Reporting of Banks" (reg. No. 1270 dated September 3, 2003) (Bulletin of normative acts of ministries, state committees and agencies of the Republic of Uzbekistan, 2003, No. 17-18).

2. Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated October 2, 2004 No. 21/1 "On Approval of the Regulation on the Requirements of the Central Bank of the Republic of Uzbekistan to the Published Annual Financial Reporting of Commercial Banks" (reg. No. 1419 dated October 25, 2004) (Collection of Legislation of the Republic of Uzbekistan, 2004, No. 43, Art. 458).

3. Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated October 23, 2010 No. 34/14 "On Amendments to the Regulation on the Requirements of the Central Bank of the Republic of Uzbekistan to the Published Annual Financial Reporting of Commercial Banks" (reg. No. 1419-1 dated November 8, 2010) (Collection of Legislation of the Republic of Uzbekistan, 2010, No. 44-45, Art. 411).

4. Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated February 20, 2016 No. 4/1 "On Amendments and Additions to the Regulation on the Requirements of the Central Bank of the Republic of Uzbekistan to the Published Annual Financial Reporting of Commercial Banks" (reg. No. 1419-2 dated March 15, 2016) (Collection of Legislation of the Republic of Uzbekistan, 2016, No. 11, Art. 105).

(National database of legislation, 27.11.2021, No. 10/21/3337/1103)