On Introducing Changes and Additions to the Regulation on Requirements for Managing Liquidity of Commercial Banks

Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on 07.02.2024, registration number 2709-6

Effective Date

08.03.2024

[OKOZ: 1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.19.00.00 Banking System / 07.19.03.00 Bank Funds and Reserves. Capitalization; 2. 21.00.00.00 Documents of a Complex Nature on Introducing Changes and Additions / 21.04.00.00 Departmental Normative Legal Documents] [TSZ: 1. Finance / Regulation of Currency. Precious Metals (Stones)]

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

On Introducing Changes and Additions to the Regulation on Requirements for Managing Liquidity of Commercial Banks

[Registered by the Ministry of Justice of the Republic of Uzbekistan on February 7, 2024, registration number 2709-6]

In accordance with the Laws of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan" and "On Banks and Banking Activity", the Board of the Central Bank of the Republic of Uzbekistan resolves:

1. In accordance with the Appendix, changes and additions be introduced to the Regulation on Requirements for Managing Liquidity of Commercial Banks approved by the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated July 22, 2015 No. 19/14 (registration number 2709, August 13, 2015) (Collection of Legislation of the Republic of Uzbekistan, 2015, No. 32, Article 437).

2. This resolution enters into force one month after the day of official publication.

Chairman of the Central Bank M. NURMURATOV

Tashkent city,

January 23, 2024,

No. 42/18

APPENDIX

to the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated January 23, 2024 No. 42/18

Changes and Additions Being Introduced to the Regulation on Requirements for Managing Liquidity of Commercial Banks

1. The Preamble be stated in the following wording:

"This Regulation establishes requirements for managing liquidity of commercial banks (hereinafter referred to as banks in the text).".

2. Paragraph 3 be supplemented with the following bullet point:

"eighty percent of corporate bonds issued by mortgage refinancing organizations.".

3. In the sixth bullet point of Paragraph 20, the word "bankrupt" be replaced with the words "insolvent".

4. Paragraph 39 be declared void.

5. The first bullet point of Paragraph 43^2 be stated in the following wording:

"43^2. The Instant Liquidity Ratio is determined by the ratio of the sum of cash in the bank vault and other payment documents, securities of the Government and the Central Bank of the Republic of Uzbekistan (except securities sold under a repo transaction, as well as securities provided as collateral) and funds in the bank's accounts at the Central Bank of the Republic of Uzbekistan (except funds in the mandatory reserve account at the Central Bank) to the balances of accounts listed in the list of Appendix 3 to this Regulation — demand liabilities.".

6. In the column "Balance sheet accounts" of Position 4 of Appendix 3, be supplemented with the number "22642" after the number "22628".

(National Database of Legislation, 07.02.2024, No. 10/24/2709-6/0103)