Regulatory Alerts2003-12-20 | 23/3Added · Updated
On Approval of the Regulation on the Licensing of Pawnshop Activities
The Central Bank of Uzbekistan establishes the licensing regime for pawnshop activities, requiring legal entities to hold a license issued by the Bank to operate. Applicants must maintain a minimum authorized capital of 500 million Uzbek som, provide specific documentation including a business plan and founder details, and ensure their management candidates possess relevant economic education and at least two years of banking or financial experience. The regulation defines the application review timeline of 15 working days, grounds for license suspension, termination, or revocation, and mandates the maintenance of a public registry of licensed entities.
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