Resolution of the Board of the Central Bank of the Republic of Uzbekistan on Amendments to the Regulation on Measures and Sanctions Applied by the Central Bank to Commercial Banks for Violations of Banking Legislation

Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on 12.02.2019, reg. number 622-8

Date of Entry into Force

13.02.2019

All

16.09.2020

13.02.2019

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Russian|U‘zb

Act lost force 16.09.2020

[OKOZ:

1.07.00.00.00 Legislation on finance and credit. Banking activity / 07.21.00.00 Banking activity / 07.21.19.00 Liability for violation of legislation on banks and banking activity;

2.21.00.00.00 Complex documents on amendments and additions / 21.04.00.00 Departmental regulatory legal acts]

[TSZ:

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

Resolution

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

On Amendments to the Regulation on Measures and Sanctions Applied by the Central Bank to Commercial Banks for Violations of Banking Legislation and Regulatory Acts Governing Banking Activity

[Registered by the Ministry of Justice of the Republic of Uzbekistan on February 12, 2019. Registration No. 622-8]

LexUz Commentary

This resolution has lost force in accordance with the [resolution](/docs/4998902?ONDATE=16.09.2020 00#4999045) of the Board of the Central Bank of the Republic of Uzbekistan dated September 4, 2020 No. 13/9 "On Recognizing Certain Regulatory Legal Acts Adopted by the Central Bank of the Republic of Uzbekistan as Having Lost Force" (reg. No. 3282 dated 16.09.2020).

In accordance with the Law of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan" and the Decree of the President of the Republic of Uzbekistan dated October 30, 2018 No. UP-5564 "On Measures for Further Liberalization of Trade and Development of Competition in Commodity Markets", the Board of the Central Bank of the Republic of Uzbekistan resolves:

1. Make amendments to the Regulation on Measures and Sanctions Applied by the Central Bank to Commercial Banks for Violations of Banking Legislation and Regulatory Acts Governing Banking Activity, approved by the Board of the Central Bank of the Republic of Uzbekistan on December 26, 1998 No. 74 (reg. No. 622 dated February 5, 1999) (Bulletin of Regulatory Acts of Ministries, State Committees and Departments of the Republic of Uzbekistan, 2000, No. 10), according to the appendix.

2. This resolution enters into force from the day of its official publication.

Chairman of the Central Bank M. NURMURATOV

Tashkent,

January 19, 2019,

No. 1/4

APPENDIX
to the resolution of the Board of the Central Bank of the Republic of Uzbekistan dated January 19, 2019 No. 1/4

Amendments to the Regulation on Measures and Sanctions Applied by the Central Bank to Commercial Banks for Violations of Banking Legislation and Regulatory Acts Governing Banking Activity

1. [Paragraph 5.2](/docs/630878?ONDATE=25.10.2017 00#3402716) is to be worded as follows:

"5.2. In case of violation of the procedure for carrying out currency exchange operations with individuals, a fine of 0.01% of the minimum authorized capital of the bank is collected from commercial banks for each case, but not more than 0.1% of the minimum authorized capital of the bank."

2. In [paragraph 5.13](/docs/630878?ONDATE=25.10.2017 00#3402834), the words "paragraphs 5.2 – 5.11 of this Regulation" are to be replaced with the words "in this Regulation".

3. The title of [Section VI1](/docs/630878?ONDATE=17.10.2008 00#1399373) is to be worded as follows:

"VI1. Sanctions for Non-Compliance with Central Bank Directives".

4. [Paragraph 6.11](/docs/630878?ONDATE=21.10.2013 00#2255844) is to be recognized as having lost force.

(National Legislative Database, 13.02.2019, No. 10/19/622-8/2605)