Decision of the Management of the Central Bank of the Republic of Uzbekistan, registered on 02.05.2018, registration number 570-3

Date of entry into force

03.05.2018

All

30.12.2019

03.05.2018

Appearance

Russian | Uzbek | O’zb | Uzbek|Russian

Document lost force 30.12.2019

[OKOZ:

1.07.00.00.00 Legislation on finance and credit. Banking activity / 07.19.00.00 Banking system / 07.19.02.00 Commercial banks. Private banks. Foreign banks;

2.21.00.00.00 Complex‑type documents on amendments and additions / 21.04.00.00 Framework normative‑legal documents]

[TSZ:

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

Decision of the Management of the Central Bank of the Republic of Uzbekistan

Decision

On Introducing Amendments to the Regulation on Granting Guarantees to Banks

[Registered by the Ministry of Justice of the Republic of Uzbekistan on 2 May 2018, registration number 570-3]

This decision is based on the Management of the Central Bank of the Republic of Uzbekistan’s decision dated 13 December 2019, No. 30/12, titled “Finding Certain Normative‑Legal Documents Adopted by the Central Bank of the Republic of Uzbekistan to Have Lost Their Force” (registration number 3208, dated 30.12.2019), which has essentially lost its force.

In accordance with the Law “On the Central Bank of the Republic of Uzbekistan” of the Republic of Uzbekistan and the Decree PF‑5296 dated 9 January 2018 of the President of the Republic of Uzbekistan “On Measures to Fundamentally Improve the Activities of the Central Bank of the Republic of Uzbekistan”, the Management of the Central Bank of the Republic of Uzbekistan decides:

1. Amendments shall be introduced to the Regulation on Granting Guarantees to Banks, approved by the Management of the Central Bank of the Republic of Uzbekistan on 9 November 1998 by No. 302, in accordance with the annex.
2. This decision shall enter into force as of the day it is officially announced.

Chairman of the Central Bank M. NURMURATOV

Tashkent city,

14 April 2018,

No. 14/19

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Appendix to the Decision of the Management of the Central Bank of the Republic of Uzbekistan dated 14 April 2018, No. 14/19

Amendments being introduced to the Regulation on Granting Guarantees to Banks

1. In paragraph 8, the words “Department for Granting Licences to Credit Organizations and Regulating Their Activities” shall be replaced with the words “Department of Prudential Supervision of Credit Organizations”.
2. Paragraph 15 shall be stated in the following wording:

15. The person appointed as a guarantor to a bank must meet the qualification requirements established (registration number 2989, 30 March 2018) with respect to the heads, chief accountants, members of the management of commercial banks and their branches, micro‑credit organisations, as well as the heads of the executive bodies of credit bureaus.

(National Legal Documents Database, 03.05.2018, No. 10/18/570-3/1149‑son)