Supervisory Board

The Fund is headed by the Supervisory Board of the Fund and the executive body of the Fund

The Supervisory Board of the Fund conducts the general management of the Fund’s activity.

The personal structure of the Supervisory Board of the Fund is approved by the Cabinet of Ministers of the Republic of Uzbekistan and when the members of the supervisory board of the Guarantee Fund of Citizens Deposits in Banks move to the other work the newly appointed persons to their positions are included to its structure.

The authority of the Supervisory Board of the Fund includes:

• approval the rates calendar contributions of banks, the rules of calculation and terms its submission;

• making decisions on payment of compensation for citizens' deposits in banks;

• selection of the agent bank on consultation by agreement with the Central Bank of the Republic of Uzbekistan;

• making decisions on placement of the Fund’s means in government securities and other assets;

• approval of the rules use of the Fund’s means, including the estimated costs for current activities;

• formation of the executive body of the Fund and conducting the check for its activities;

• Identification of the audit company;

• carrying out other authorities in accordance with the legislation.

STRUCTURE

of the Supervisory Board of the Fund of  Guarantee Citizens' Deposits in Banks