Resolution of the Board of the Central Bank of the Republic of Uzbekistan on Amendments to the Regulation on Non-Accrual of Interest

Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on 15.02.2019, reg. number 1304-4

Date of entry into force

15.02.2019

All

11.01.2022

15.02.2019

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Russian|Uzb

Act lost force 11.01.2022

[OKOZ:

1.07.00.00.00 Legislation on finance and credit. Banking activity / 07.21.00.00 Banking activity / 07.21.17.00 Accounting and reporting in banks;

2.21.00.00.00 Complex documents on amendments and additions / 21.04.00.00 Departmental normative 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 Non-Accrual of Interest

[Registered by the Ministry of Justice of the Republic of Uzbekistan on February 15, 2019. Registration No. 1304-4]

Commentary LexUz

This Resolution will lose force on January 11, 2022, in accordance with the [resolution](/docs/5768685?ONDATE=11.01.2022 00#5770041) of the Board of the Central Bank of the Republic of Uzbekistan dated November 19, 2021, No. 27/8 "On Recognizing the Resolution 'On Approval of the Regulation on Non-Accrual of Interest', as well as Amendments and Additions Thereto, as Having Lost Force" (reg. No. 1304-5 dated 10.12.2021).

In accordance with the Law of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan", the Board of the Central Bank of the Republic of Uzbekistan resolves:

1. Make amendments to the [Regulation](/docs/687386?ONDATE=03.02.2004 00#687595) on Non-Accrual of Interest, approved by the Board of the Central Bank of the Republic of Uzbekistan on October 11, 2003, No. 25/7 (reg. No. 1304 dated January 24, 2004) (Collection of Legislation of the Republic of Uzbekistan, 2004, No. 4, Art. 46), 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. 1/7

APPENDIX
to the resolution of the Board of the Central Bank of the Republic of Uzbekistan dated January 19, 2019, No. 1/7

Amendments made to the Regulation on Non-Accrual of Interest

1. Add paragraph 51 of the following content:

"51. In accordance with Article 125 of the Law of the Republic of Uzbekistan 'On Bankruptcy', from the moment the economic court adopts a decision on recognizing the debtor as bankrupt and opening liquidation proceedings, the accrual of penalties (fines, late fees) and interest on all types of the debtor's obligations shall cease."

2. In [paragraph 6](/docs/687386?ONDATE=03.02.2004 00#687678), after the words "principal amount", add the word "asset".

(National database of legislation, 15.02.2019, No. 10/19/1304-4/2616)