The enterprise is created in line with the resolution of the Cabinet of Ministers of Uzbekistan from 12 June 2014.

Pledge Registrar will conduct pledge registrar as single electronic data base in real time mode via Internet with use of SSL. The website of the enterprise – garov.uz – locates at TAS-IX zone.

The resolution approved a regulation on order of conducting pledge registrar. The document sets terms and conditions for introduction of records to pledge registrar, changes and exclusions to the database, etc.

The pledge registrar will be conducted in the state language, but the records can be included in Russian and English languages. There will be no limits on making search in pledge registrar.

At the same time, other functions, including issuing records from the database, will be provided only to persons, who underwent registration process.

The issuing records from the database will be charged at the fee equal to 10% size of minimal salary and inclusion data to database – 20% size of minimal salary.

The records in pledge registrar, including changes and exclusions, will be stored for five years, the document said.