Regulatory Alerts2007-01-12 | ПҚ-565Added · Updated
On Further Measures to Strengthen Confidence in the Banking System of the Population and Business Entities
This resolution required the Prosecutor General's Office to strengthen control over compliance with banking secrecy laws and hold accountable officials who interfere with bank operations or illegally demand banking secrecy information. It instructed the Ministry of Justice to submit proposals for legislative changes within two weeks and ensure normative documents were aligned with this resolution. Control over execution was assigned to the Prime Minister, although a commentary note within the text states the document lost force on 28.09.2020.
Document lost force 28.09.2020
12.10.2009
12.01.2007
[OKOZ: 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 President of the Republic of Uzbekistan
ON FURTHER MEASURES TO STRENGTHEN CONFIDENCE IN THE BANKING SYSTEM OF THE POPULATION AND BUSINESS ENTITIES
LexUZ Commentary
This resolution has lost force pursuant to the Decree of the President of the Republic of Uzbekistan dated 27 September 2020 No. PF-6075 "On Measures to Improve the Business Environment in the Country by Introducing a System for Reviewing Legislation That Has Lost Force".
For the purpose of further increasing the capitalization level of commercial banks, strengthening confidence in the banking system of the population and business entities, legalizing their incomes, increasing the volume of deposits in deposit accounts, as well as reducing the circulation of cash outside banks:
See previous version. (Paragraph 1 has lost force pursuant to the Decree of the President of the Republic of Uzbekistan dated 12 October 2009 No. PF-4148)
- The Prosecutor General's Office of the Republic of Uzbekistan:
strengthen control over the execution of legislative acts on banking secrecy regarding preventing interference in the activities of banks and other credit organizations, as well as illegally demanding information constituting banking secrecy;
hold accountable guilty officials violating the requirements of this resolution in the established manner.
- The Ministry of Justice of the Republic of Uzbekistan:
within two weeks, jointly with the Prosecutor General's Office, the Central Bank, the Ministry of Finance, and other interested ministries and departments, submit proposals to the Cabinet of Ministers on changes and additions to legislative acts arising from this resolution;
ensure alignment of normative documents of ministries and departments with this resolution.
- Control over the execution of this resolution shall be assigned to the Prime Minister of the Republic of Uzbekistan Sh. Mirziyoyev.
President of the Republic of Uzbekistan I. KARIMOV
Tashkent, 12 January 2007, No. PQ-565
(Collection of Legislation of the Republic of Uzbekistan, 2007, No. 3, Article 24)
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