Approved by the Central bank of the Republic of Uzbekistan of February 22, 2000 No. 466

Regulations on requirements imposed by the Central bank to internal regulations of commercial banks

1. General provisions

1.1. This Provision determines requirements imposed by the Central bank to the internal regulations of commercial banks connected with banking activities.

1.2. Internal regulations of commercial banks, establishing detailed, accurate procedure of banking activities within the legislation, the managements obligatory for execution by heads and staff of the called bank perform function.

1.3. The relations between commercial banks and their clients are regulated by the legislation, agreements signed between them, and also regulating documents of the Central bank.

1.4. Internal regulations of commercial banks are developed and accepted for the purpose of creation of effective internal control system in banks, ensuring effective management of the risks connected with banking activity (identification, assessment, observation of risks), safe and safe conducting banking activity, full compliance with the bank law, simplification of management of activities of bank and banking operations.

1.5. Commercial banks within the powers adopt internal regulations of binding character only for this bank, in the form of provisions, instructions, instructions, procedures, rules, orders.

1.6. Internal regulations of commercial banks affirm council of the bank or boards of banks in accordance with the established procedure.

1.7. The rules established in internal regulations of commercial banks are legally binding for clients only in case of specifying in the agreements constituted with them.

1.8. Responsibility for compliance of internal regulations of bank to the legislation is conferred on council and bank board.

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