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Ministry of Justice

Republic of Uzbekistan

On May 28, 2014 No. 2589

RESOLUTION OF BOARD OF CENTRAL BANK OF THE REPUBLIC OF UZBEKISTAN, MINISTRY OF FINANCE OF THE REPUBLIC OF UZBEKISTAN, MINISTRY OF ECONOMICS OF THE REPUBLIC OF UZBEKISTAN, STATE COMMITTEE OF THE REPUBLIC OF UZBEKISTAN ON PRIVATIZATION, DEMONOPOLIZATION AND DEVELOPMENT OF THE COMPETITION

of May 13, 2014 No. No. 332-B, 40, 69, 01/22-26/75

About approval of the Regulations on procedure for realization of the separate objects which are on balance of commercial banks

(as amended on 26-07-2018)

According to the laws of the Republic of Uzbekistan "About the Central bank of the Republic of Uzbekistan", "About banks and banking activity", presidential decrees of the Republic of Uzbekistan of November 18, 2008 No. UP-4053 "About Measures for Further Increase in Financial Stability of the Companies of Real Production Sector", of February 14, 2014 No. UP-4602 "About Entering of Amendments into Some Acts of the President of the Republic of Uzbekistan" and the resolution of the Cabinet of Ministers of the Republic of Uzbekistan of March 27, 2014 "About additional measures for stimulation of investing activities of commercial banks and acceleration of realization by banks of the companies to new investors" the Board of the Central bank, the Ministry of Finance, the Ministry of Economics of the Republic of Uzbekistan and the State committee of the Republic of Uzbekistan on privatization, demonopolization and development of the competition decide No. 71:

1. Approve Regulations on procedure for realization of the separate objects which are on balance of commercial banks according to appendix.

2. This resolution becomes effective from the date of its official publication.

Chairman of the Central bank

F.Mullazhanov

Minister of Finance

R. Azimov

Minister of Economic Affairs

G. Saidov

Chairman of the State committee on privatization, demonopolization and development of the competition

A. Abdukhakimov

Appendix

to the Resolution of Board of the Central bank, Ministry of Finance, Ministry of Economics and Goskomkonkurention of the Republic of Uzbekistan of May 13, 2014 No. No. 332-B, 40, 69, 01/22-26/75

Regulations on procedure for realization of the separate objects which are on balance of commercial banks

This Provision determines procedure for realization of the objects included in appendix to the resolution of the Cabinet of Ministers of the Republic of Uzbekistan of March 27, 2014 in No. 71 "About additional measures for stimulation of investing activities of commercial banks and acceleration of realization by banks of the companies to new investors".

Chapter 1. General provisions

1. In this Provision the following basic concepts are used:

auction - form of the choice of the buyer on competitive basis in case of which the right to contract of purchase and sale of object is acquired by the participant who offered the highest price for it;

redemption payment - the money in national and (or) foreign currency paid by the buyer for the acquired object;

date of auction and direct negotiations - the day of holding the auction and direct negotiations specified in the announcement of holding the auction and (or) direct negotiations;

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