Regulatory Alerts2018-04-28 | 16/18Added · Updated
Regulation on Minimum Requirements for Commercial Banks' Activities in Relations with Bank Service Consumers
The Central Bank of Uzbekistan approves minimum requirements for commercial banks' activities in relations with bank service consumers, establishing rules for transparency, information disclosure, and contract formation. Banks are prohibited from bundling services and must provide clear, accessible information on their official websites and in branches, including full terms, fees, and exchange rates. The regulation mandates that consumers receive specific account and credit information free of charge, allows them to take contract drafts for review, and requires banks to provide original copies of signed contracts upon request.
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