Uzbekistan – CM Private Banking – Update 2023

Nov 7, 2023

Country Manuals Private Banking

Dear Client,

We would like to inform you that BRP has updated its COUNTRY MANUAL PRIVATE BANKING for the following jurisdiction:

  • UZBEKISTAN OUT OF BANK’S COUNTRY OF ESTABLISHMENT (Def, RS, BT & RT)

SOURCE OF CHANGESANSWERS
Law / RegulationNO
New Position of the AuthoritiesNO
Evolution of Expert’s interpretationNO

Regulatory Template, Regulatory Summary and Behaviour Template

Material changes

We have reviewed the documents following consultations with our local counsel and can confirm that there have been no relevant regulatory changes since the last publication of this country manual. 

Non-material changes

Several comments have been slightly reworded (without introducing material changes) to reflect the regulatory situation/current interpretation of the regulatory framework more accurately. 

Regulatory Summary

This document has now a more user-friendly layout and reflects the changes contained in the RT.

BT Short Comparison

BRP has created a comparison document allowing users to quickly identify the modifications made compared to the previous version of the PB Manual (BT Short Comparison). The BT Short Comparison can be found on BRP’s platform (mybrponline) in the Search tab by entering in the Document Field “CM PB BT SHORT COMP” and “UZBEKISTAN” in the Target Country Field.

For more information, please contact us: info@brpsa.com

Best regards,