RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of October 31, 2025 No. 2025-P-14/59-2-(PS)

About modification of some regulatory legal acts of National Bank of the Kyrgyz Republic

According to Articles 5, "About National Bank of the Kyrgyz Republic" the Board of National Bank of the Kyrgyz Republic decides 9 and 64 constitutional Laws of the Kyrgyz Republic:

1. Make changes to the following resolutions of Board of National Bank of the Kyrgyz Republic it (is applied):

1) "About approval of "Policy on supervision (oversight) of payment system of the Kyrgyz Republic" of July 15, 2015 No. 38/4;

2) "About approval of the Provision "About Licensing of Activities of Payment Institutes and Operators of Payment Systems" of September 2, 2019 No. 2019-P-14/46-1-(PS);

3) "About approval of the Provision "About the Corrective Actions Applied to Operators of Payment Systems / to Payment Institutes" of September 30, 2019 No. 2019-P-14/50-3-(PS);

4) "About approval of the Provision "About the Minimum Requirements to the Organization of Internal Control in Payment Institutes and Operators of Payment Systems for the purpose of Counteraction to Financing of Terrorist Activities and to Legalization (Washing) of the Criminal Income" of August 19, 2020 No. 2020-P-14/46-4-(PS);

5) "About approval of Rules of implementation of supervision (oversight) of payment system of the Kyrgyz Republic of October 13, 2021 No. 2021-P-14/56-1-(PS);

6) "About approval of the Regulations on electronic money in the Kyrgyz Republic" of April 20, 2022 No. 2022-P-14/25-3-(PS);

7) "About the minimum size of the authorized capital of payment institutes and operators of payment systems" of April 30, 2025 No. 2025-P-14/20-1-(PS).

2. To legal management:

- from the date of receipt of the relevant documents within 3 (three) working days to 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 on the expiration of 15 (fifteen) working days from the date of official publication.

4. To management of digital financial technologies from the date of receipt of the relevant documents within 3 (three) working days to bring this resolution to the attention of commercial banks, operators of payment systems and payment institutes of the Kyrgyz Republic, Consolidation of legal entities "The union of banks of Kyrgyzstan" and Associations of legal entities "Association of operators of KG (KEY-DZHI) payment service providers".

5. To department "Secretariat of Board" from the date of receipt of the relevant documents within 3 (three) working days to bring this resolution to the attention of 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 digital financial technologies.

Appendix

to the Resolution of Board of National Bank of the Kyrgyz Republic of October 31, 2025 No. 2025-P-14/59-2-(PS)

Changes in some regulatory legal acts of National Bank of the Kyrgyz Republic

1. Bring in the resolution of Board of National Bank of the Kyrgyz Republic "About approval of "Policy on supervision (oversight) of payment system of the Kyrgyz Republic" of July 15, 2015 No. 38/4 the following changes:

in Policy on supervision (oversight) of payment system of the Kyrgyz Republic approved by the above-stated resolution:

1) in Item 7:

third to state the paragraph in the following edition:

"-obtains information from operators of payment systems, the organizations rendering services in carrying out payments and calculations, issuers of electronic money, providers of critical services and members of payment service providers;";

the fifth to state the paragraph in the following edition:

"b) influences operators of payment systems, members of payment service providers, issuers of electronic money, for the purpose of activation of their activities for enhancement of payment system and prevention of emergence of systemic risk or unfair activities, including way:

2) in Item 16:

in the paragraph the second "the banks issuing electronic money" shall be replaced with words words "issuers of electronic money";

in paragraphs the twenty eighth and twenty ninth words "the banks issuing electronic money" shall be replaced with words "issuers of electronic money";

"The banks issuing electronic money" shall be replaced with words 3) in Item 26 of the word "issuers of electronic money".

2. Bring in the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Provision "About Licensing of Activities of Payment Institutes and Operators of Payment Systems" of September 2, 2019 No. 2019P14/461(PS) the following changes:

in the Provision "About Licensing of Activities of Payment Institutes and Operators of Payment Systems" approved by the above-stated resolution:

The paragraph the fourth Item 1 to state 1) in the following edition:

"This Provision establishes requirements to payment institutes and operators of payment systems and to their officials, and also procedure for issue of payment institute of the additional license for the right of implementation of release of electronic money.";

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