Document from CIS Legislation database © 2003-2019 SojuzPravoInform LLC

Registered by

Ministry of Justice

Republic of Uzbekistan

On December 10, 2003 No. 1291

RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF UZBEKISTAN

of September 22, 2003 No. 23/3

About approval of the Regulations on procedure for licensing of activities of pawnshops

(The last edition from 16-03-2019)

According to article 50 of the Law of the Republic of Uzbekistan "About the Central bank of the Republic of Uzbekistan" and the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of September 17, 2003 "About questions of registration and licensing of activities of pawnshops in the territory of the Republic of Uzbekistan" the Board of the Central bank of the Republic of Uzbekistan decides No. 402:

1. Approve Regulations on procedure for licensing of activities of pawnshops according to appendix.

2. Enact this resolution after ten days from the date of its state registration in the Ministry of Justice of the Republic of Uzbekistan.

Acting as chairman of the board of the Central bank

M. Zhumagaldiyev

Approved by the Resolution of Board of the Central bank of the Republic of Uzbekistan of September 22, 2003 No. 23/3

Regulations on procedure for licensing of activities of pawnshops

This Provision according to the laws of the Republic of Uzbekistan "About the Central bank of the Republic of Uzbekistan" (Sheets of Oliy Majlis of the Republic of Uzbekistan, 1995, No. 12, the Art. 247), "About licensing of separate types of activity" (Sheets of Oliy Majlis of the Republic of Uzbekistan, 2000, Art. No. 5-6, 142), the resolution of the Cabinet of Ministers of the Republic of Uzbekistan of September 17, 2003 No. 402 "About questions of registration and licensing of activities of pawnshops in the territory of the Republic of Uzbekistan" (The collection of the legislation of the Republic of Uzbekistan, 2003, Art. No. 17-18, 149) determines procedure for licensing of activities of pawnshops.

I. General provisions

1. Activities of pawnshops are performed only by specialized legal entities whose main objective of activities is acceptance from citizens as proof of the personal estate intended for private consumption in providing short-term loans in the presence of special permission (license) for implementation of activities of pawnshops.

2. Licensing of activities of pawnshops performs the Central bank of the Republic of Uzbekistan (further - the licensing body).

3. The license for activities of pawnshops is granted sine die.

4. The decision on issue, the termination, cancellation, suspension, renewal or renewal of action of the license on implementation of activities of pawnshops is drawn up by the resolution of Board of the Central bank of the Republic of Uzbekistan.

5. The right to implementation of activities of pawnshop arises at the legal entity from the moment of licensing.

6. Transfer of the license to other legal entity is forbidden.

II. Licensed requirements and conditions

7. When implementing the activities the pawnshop shall observe requirements of the legislation of the Republic of Uzbekistan.

8. The license for activities of pawnshops can be granted to the legal entity registered in the procedure established by the legislation as pawnshop on condition of sformirovaniye of the minimum authorized fund in the amount of 500 million bags.

The authorized capital of pawnshop is created only of money of his founders.

Use for forming of authorized fund of pawnshop of the means received on credit, on the security, and other raised funds is not allowed.

8-1. The operating pawnshops shall provide finishing till January 1, 2019 the minimum size of authorized fund to the established minimum requirements according to Item 8 of this provision.

9. By the time of filing of application on receipt of the license or renewal of the license in case of change of the location (postal address) the pawnshop shall have the conclusion of the relevant territorial administration of the Central bank about technical reinforcement and equipment means of the security fire alarm of the building of pawnshop and its cash rooms, availability of the high-quality communication line for the purpose of ensuring mutual work and interchange of information systems, and also the software complying technical requirements on implementation of transactions of financial accounting.

9-1. The candidates recommended for position of the head of executive body of pawnshop shall have:

the higher economic education;

work experience in the bank or financial sphere at least two years. 

III. The documents submitted for receipt of the license

10. For receipt of license for activities of pawnshop the legal entity - the license applicant represents to the licensing body:

a) the e-mail address of the license applicant can be specified in the statement for licensing;

b) voided according to the Resolution registered by the Ministry of Justice of the Republic of Uzbekistan of 15.09.2015 No. 1291-5

c) the business plan for one year of activities approved by authorized body of management of pawnshop;

d) the list of founders with indication of:

for physical persons:

surnames, name, middle name, passport data, postal address of residence, phones;

type of occupation, place of employment, position (if works);

the amounts of share in authorized fund of pawnshop, including in percentage terms from the total amount of authorized fund;

for legal entities:

full name, postal address and phones, payment details;

the amounts of share in authorized fund of pawnshop, including in percentage terms from the total amount of authorized fund;

For all founders (both physical, and legal) information on any legal sanctions applied to these persons by court (including economic court) or state bodies for the last five years before submission of the statement is provided;

e) data on structure and staff of governing bodies of pawnshop;

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