Regulatory Alerts1998-11-09 | 240Added · Updated
Regulations on the Liquidation of Banks
The Central Bank of Uzbekistan's Regulation establishes the procedures for the voluntary and compulsory liquidation of banks, including the appointment of liquidators, asset verification, valuation, and sale. It mandates the prioritization of depositors and creditors in debt repayment, sets specific triggers for compulsory liquidation such as insolvency or regulatory breaches, and defines the powers and liabilities of liquidators during the process. The regulation was registered in 1999 and ceased to be in force on October 1, 2020.
More like this from CBU
We email you every new CBU publication the day it's published.
Topics
Share