of December 17, 2012 No. ZRU-339
About private bank and financial institutions and guarantees of their activities
Accepted by Legislative house on November 8, 2012
Approved by the Senate on December 5, 2012
The purpose of this Law is regulation of the relations in the field of private bank and other private financial institutions (further - private bank and financial institutions) and guarantees of their activities.
The main objectives of this Law are ensuring protection of the rights and legitimate interests of private bank and financial institutions, creation of conditions for attraction to the bank and financial sphere of private equity, expansion of the competition and improvement of quality of customer service in the market of banking and other financial services.
The legislation on private bank and financial institutions and guarantees of their activities consists of this Law and other acts of the legislation.
If the international treaty of the Republic of Uzbekistan establishes other rules, than those which are stipulated by the legislation the Republic of Uzbekistan about private bank and financial institutions and guarantees of their activities then are applied rules of the international treaty.
Private bank and financial institutions - banks and other credit institutions, insurance companies, and also other legal entities providing exclusively financial services in authorized fund (authorized capital) of which the share of physical persons - founders (participants) shall constitute at least fifty percent.
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The document ceased to be valid since April 21, 2022 according to article 42 of the Law of the Republic of Uzbekistan of April 20, 2022 No. ZRU-765