Banking Licensing Legal Acts Have Been Merged Into Single Document

The Board of the Central Bank of the Republic of Uzbekistan has been approved Regulation No.3252 dated July 30, 2020 "On the procedure and conditions for admission to banking activities".

The Regulation is designed to compound licensing procedures in the field of banking in line with the requirements of the laws "On the Central Bank of the Republic of Uzbekistan" and "On banks and banking activities" in new versions. The document optimizes and combines several regulatory legal acts of the banking area.

Regulation contain the following issues:

• creation of banks and obtaining a license permit to conduct banking activities;
• obtaining prior authorization for the purchase of shares of banks;