Resolution of the Board of the Central Bank of the Republic of Uzbekistan on Amendments and Additions to the Regulation on Requirements for the Risk Management System of Banks and Banking Groups

Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on 27.07.2026, registration number 3427-2

Date of Entry into Force

27.07.2026

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[OKOZ:

1.21.00.00.00 Complex documents on amendments and additions / 21.04.00.00 Departmental normative-legal documents]

[TSZ:

1.State and public structure / Legislative initiative. Norm-making activity]

RESOLUTION OF THE BOARD OF THE CENTRAL BANK OF THE REPUBLIC OF UZBEKISTON

On Amendments and Additions to the Regulation on Requirements for the Risk Management System of Banks and Banking Groups

[Registered by the Ministry of Justice of the Republic of Uzbekistan on July 27, 2026, registration number 3427-2]

In accordance with the laws of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan", "On Banks and Banking Activity", and the Law of the Republic of Uzbekistan dated March 27, 2026, No. O'RQ-1126 "On Amendments and Additions to Certain Legislative Acts of the Republic of Uzbekistan Concerning the Introduction of Islamic Banking Activity in the Republic of Uzbekistan", the Board of the Central Bank of the Republic of Uzbekistan resolves:

1. Amendments and additions shall be made to the [Regulation](/docs/-6436466?ONDATE=19.07.2023 00#-6436870) and Appendix approved by Resolution No. 4/11-3427 of the Board of the Central Bank of the Republic of Uzbekistan dated March 7, 2023 (Registration number 3427, April 18, 2023) (National Database of Legislative Information, April 19, 2023, No. 10/23/3427/0218-son) on Requirements for the Risk Management System of Banks and Banking Groups.

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

Chairman T. ISHMETOV

Tashkent city,

July 8, 2026,

No. 19/10

Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated July 8, 2026, No. 19/10

APPENDIX

Amendments and Additions Being Made to the Regulation on Requirements for the Risk Management System of Banks and Banking Groups

1. The [Preamble](/docs/-6436466?ONDATE=09.08.2025 00#-7687724) shall be stated in the following wording:

"This Regulation establishes requirements for the risk management system of commercial banks, microfinance banks, as well as banks and microfinance banks conducting Islamic banking activity (hereinafter referred to as banks in the text) and banking groups."

2. The [third item](/docs/-6436466?ONDATE=19.07.2023 00#-6436995) of paragraph 8 shall be stated in the following wording:

"credit (financing) policy (hereinafter in the text referred to as credit policy);"

3. The [third item](/docs/-6436466?ONDATE=19.07.2023 00#-6437097) of paragraph 16 shall be stated in the following wording:

"specific internal factors of the bank, including the characteristics of the bank's activities related to lending (financing) (hereinafter in the text referred to as lending) and the composition of the credit (financing) portfolio (hereinafter in the text referred to as credit portfolio)."

4. The [ninth item](/docs/-6436466?ONDATE=25.04.2025 00#-6437325) of paragraph 34 shall be stated in the following wording:

"assessment of risks associated with loans (financing) (types of loans, economic sectors, geographical areas, etc.), including the assessment of the adequacy of practices for identifying problematic assets, classifying asset quality, and forming provisions for possible losses on them;"

5. The [second item](/docs/-6436466?ONDATE=19.07.2023 00#-6437469) of paragraph 44 shall be supplemented with the words ", Islamic finance operations" after the word "factoring".

6. The word "loans" in the [sixth item](/docs/-6436466?ONDATE=19.07.2023 00#-6437546) of paragraph 50 shall be replaced with the word "assets".

7. The [seventh item](/docs/-6436466?ONDATE=25.04.2025 00#-7346476) of paragraph 512 shall be stated in the following wording:

"expected maximum losses in the credit portfolio, the share of problematic assets, and the level of written-off assets."

8. The [sixth item](/docs/-6436466?ONDATE=25.04.2025 00#-6437736) of paragraph 60 shall be supplemented with the words "and (or) Islamic finance operations" after the words "bank loans".

(National Database of Legislative Information, July 27, 2026, No. 10/26/3427-2/0788-son)