RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of November 18, 2020 No. 2020-P-14/66-5-(PS)

About introduction of amendments to the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Provision "About Electronic Money in the Kyrgyz Republic" of March 30, 2016 No. 15/6

According to articles 20 and 68 of the Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic, banks and banking activity" the Board of National Bank of the Kyrgyz Republic decides:

1. Make changes to the resolution of Board of National Bank of the Kyrgyz Republic "About approval  of the Provision "About Electronic Money in the Kyrgyz Republic" of March 30, 2016 No. 15/6" (are applied).

2. This resolution becomes effective after fifteen days from the date of official publication.

3. To legal management:

- publish this resolution on the official website of National Bank of the Kyrgyz Republic;

- after official publication to send this resolution to the Ministry of Justice of the Kyrgyz Republic for entering into the State register of regulatory legal acts of the Kyrgyz Republic.

4. To management of payment systems to bring this resolution to the attention of commercial banks, operators of payment systems and payment institutes, OYuL "Association of Operators of KG Payment Service Providers", OYuL "Association of Telecom Operators", OYuL "Union of Banks of Kyrgyzstan" and operators of the international electronic payment systems.

5. To department of development of state language and document flow to bring this resolution to the attention of the relevant structural divisions, regional managements, representative offices of National Bank of the Kyrgyz Republic in Batken Province.

6. To impose control of execution of this resolution on the board member of the National Bank of the Kyrgyz Republic supervising Management of payment systems.

Appendix

to the Resolution of Board of National Bank of the Kyrgyz Republic of November 18, 2020 No. 2020-P-14/66-5-(PS)

About introduction of amendments to the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Provision "About Electronic Money in the Kyrgyz Republic" of March 30, 2016 No. 15/6

Bring in the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Provision "About Electronic Money in the Kyrgyz Republic" of March 30, 2016 No. 15/6" the following changes:

in the Provision "About Electronic Money in the Kyrgyz Republic" approved by the above-stated resolution:

- in Item 6:

in the paragraph the twelfth ambassador of words of "peripheral devices" to exclude the word of "bank";

the twentieth to state the paragraph in the following edition:

"The device of access is tool (the personal computer, the mobile phone or other device) providing to the holder access to the e-wallet for implementation of transactions with use of electronic money.";

to add the paragraph of the twenty eighth with the offer the second the following content:

"The settlement system electronic money of this operator shall correspond to the status of national payment system.";

- Add provision with Item 10-1 of the following content:

"10-1. The bank shall keep the database on acceptors which shall contain at least:

- agreement details (date, number, type of contractual relations, duration of the agreement);

- name of legal face / full name of the individual entrepreneur;

- data on state registration of the legal entity, passport data of the individual entrepreneur, patent;

- location/residence address, address of implementation of business activity;

- contact information;

- data on type of activity of legal person / individual entrepreneur;

- financial conditions (rates, commissions, limits and remunerations).";

- state Item 22-3 in the following edition:

"22-3. In the bank performing functions of the operator of electronic money on the official responsible for observance and implementation of rules of internal control for counteraction to financing of terrorist activities and legalization (washing) of the criminal income (further - PFTD/LPD), including actions for counteraction to fraudulent transactions, according to requirements of the legislation of the Kyrgyz Republic, functions of control of observance and execution of requirements for PFTD/LPD regarding electronic money also shall be assigned. Rules of internal control of bank also shall include the program and the procedure of training of agents - individual entrepreneurs, the procedure of acquaintance of the agent with requirements of the legislation of the Kyrgyz Republic in the field of PFTD/LPD, and the subsequent monitoring of agents on observance of the specified requirements.";

- Add provision with Item 33-1 of the following content:

"33-1. Bank and the agent of bank on provision of expanded range of banking retail services based on the agreement/agreement shall carry out the procedure of identification and verification of the holder of e-wallet. Identification and verification can be carried out including in the remote mode according to the procedure set by regulatory legal acts of National Bank and the legislation in the field of counteraction to financing of terrorist activities and to legalization (washing) of the criminal income.

The procedure of identification and verification of holders of e-wallets in the remote mode is held according to the resolution of Board of "About Procedure for Identification and Verification of Clients in the Remote Mode" National Bank of May 13, 2020 No. 2020-P-12/27-1-(NPA) and the legislation of the Kyrgyz Republic.";

- the offer second of Item 34 to state in the following edition:

"The sizes of limits depending on category of holders of e-wallets shall be established in internal procedures of bank according to requirements of regulatory legal acts of National Bank.";

- state Item 35 in the following edition:

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info