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RESOLUTION OF BOARD OF CENTRAL BANK OF THE AZERBAIJAN REPUBLIC

of December 10, 2024 No. 49/3

About approval of "Requirements to the network channels used between payment service providers when rendering intermediary service for making of payment transactions and service of information on the account"

Based on article 22.1.17 of the Law of the Azerbaijan Republic "About the Central bank of the Azerbaijan Republic" the Board of the Central bank of the Azerbaijan Republic DECIDES:

1. Approve "Requirements to the network channels used between payment service providers when rendering intermediary service for making of payment transactions and service of information on the account" it (is applied).

2. Charge to Legal support department of the financial markets to provide in 3-day time submission of this Resolution to the Ministry of Justice of the Azerbaijan Republic for entering into the State register of legal acts of the Azerbaijan Republic.

Chairman of the Central bank

Talekh Kazimov

Approved by the Resolution of Board of the Central bank of the Azerbaijan Republic of December 10, 2024 No. 49/3

Requirements to the network channels used between payment service providers when rendering intermediary service for making of payment transactions and service of information on the account

1. General provisions

These Requirements are developed according to article 62.7 of the Law of the Azerbaijan Republic "About payment services and payment systems" (further - the Law) and determine requirements to the organization of the standardized, safe and reliable activities of the network channels used between payment service providers when rendering intermediary service for making of payment transactions, and also service of information on the account.

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