Regulatory Alerts2015-07-22 | 19/15Added · Updated
On Approval of the Regulation on Transactions with Persons Related to the Bank
The Central Bank of Uzbekistan approved a regulation establishing rules for transactions with persons related to banks, including definitions of related parties, prohibited preferential terms, and approval requirements by the Bank Council. The regulation sets maximum risk exposure limits at 25% of Tier 1 capital for a single related person and 100% for all related persons combined, while mandating specific collateral coverage ratios and monthly reporting to the Central Bank. These provisions apply to all commercial banks in Uzbekistan and became effective on November 10, 2015, before being repealed on January 30, 2021.
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