Tashkent, Uzbekistan (UzDaily.com) -- A regulation of the Central Bank of the Republic of Uzbekistan "On requirements for the collection service organized by commercial banks" was developed in accordance with the laws "On the Central Bank of the Republic of Uzbekistan", "On banks and banking activities", as well as the Decree President of the Republic of Uzbekistan from 30 October 2018 No. UP-5564 “On measures to further liberalize trade and develop competition in commodity markets.”

The regulation was developed with the aim of creating an alternative collection service by commercial banks, based on advanced foreign experience, as well as ensuring the integrity and inviolability of cash and other valuables.

The document defines the requirements for the supervision of compliance with the requirements of employees of the collection service, special vehicles, buildings and structures for carrying out the activities of the collection service, as well as requirements for the organization of the collection service.

At the same time, in order to simplify the requirements for the creation of an alternative collection service for commercial banks, the regulations set the following:

in cases where commercial banks do not have access to the use of service weapons when organizing a collection service, in accordance with the law, employees of enterprises and organizations belonging to ministries and departments that have the right to use them should be involved on a contractual basis;

commercial banks can provide this service without obtaining the relevant documents (license, permit), giving the right to carry out the activities of the collection service.

The regulation “On Requirements for Cash Collection Service Organized by Commercial Banks” entered into force on 30 June 2020.