RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of December 29, 2021 No. 2021-P-14/75-4-(NPA)

About introduction of amendments to the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Provision "About Bank Payment Cards of the Kyrgyz Republic" of December 9, 2015 No. 76/8

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 Bank Payment Cards in the Kyrgyz Republic" of December 9, 2015 No. 76/8 (are applied).

2. 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 inclusion in the State register of regulatory legal acts of the Kyrgyz Republic.

3. This resolution becomes effective after fifteen days from the date of official publication, except for paragraph one of Item 12 of Appendix to this resolution which becomes effective since February 1, 2022, and Item 46 of Appendix to this resolution which becomes effective since May 4, 2024.

4. To management of payment systems to bring this resolution to the attention of commercial banks, OYuL "Union of Banks of Kyrgyzstan", Interbank Processing Center Ltd, non-bank financial credit institutions, operators of international payment systems of calculations with use of the bank payment cards registered in National Bank of the Kyrgyz Republic.

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 and representative office 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 December 29, 2021 No. 2021-P-14/75-4-(NPA)

Changes in the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Provision "About Bank Payment Cards in the Kyrgyz Republic" of December 9, 2015 No. 76/8

Bring in the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Provision "About Bank Payment Cards in the Kyrgyz Republic" of December 9, 2015 No. 76/8" the following changes:

in the Provision "About Bank Payment Cards in the Kyrgyz Republic" approved by the above-stated resolution:

Item 5 to state 1) in the following edition:

"5. In this Provision the following terms and determinations are used:

The automated self-service terminal (payment terminal) - the terminal intended for acceptance (cash-in)/issue (cash-out) of cash from clients of banks, holders of cards, users of services including carrying out transactions in cash and non-cash forms in supplier address of services.

Authorization request - request to the card issuer on receipt of permission to carrying out transaction from ekvayer on statutory rules of system.

Authorization - the procedure of confirmation by the issuer of powers or authorship of the card holder to carrying out transaction by it with use of bank payment card (transaction) from which the obligation of the issuer to ekvayer to perform the settlement document constituted with use of the card of the above-stated issuer results. Authorization can be automated (by means of the terminal) and voice (by means of telephone communication). If on the transaction bank payment card made with use the issuer and ekvayer are the same person, authorization is the permission provided by the issuer to the client on making of this transaction.

Authentication - the procedure of installation of authenticity of the identity of the user, by check and comparison of characteristics of the shown identifier (PIN code, the password, etc.).

Bank payment card (card) - the payment instrument used when carrying out payments upon purchase of goods, services, receipt of cash in national and foreign currencies, implementation of money transfers and also for calculations in the form of electronic money via terminals, ATMs or other devices (peripheral devices).

Bank booth - special construction / equipment in which the peripheral device is placed.

The bank account is method of reflection of contractual relations between bank and the client on acceptance of bank deposit (deposit) and/or on making by bank of the transactions connected with implementation of bank customer service, including the carrying out payments and calculations with use of bank payment cards provided by bank account agreement, bank deposit, the legislation of the Kyrgyz Republic and applied in banking practice by business customs.

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