RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of July 6, 2026 No. 2026-P-12/35-3-(PS)

About approval of the Instruction for supervision of activities of operators of payment systems and payment institutes

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. Approve the Instruction for supervision of activities of operators of payment systems and payment institutes it (is applied).

2. Recognize to invalid:

- the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Instruction "About conducting inspection checks of activities of operators of payment systems and payment institutes" of September 14, 2022 No. 2022-P-14/57-1-(PS);

- in the resolution of Board of National Bank of the Kyrgyz Republic "About modification of some regulatory legal acts of National Bank of the Kyrgyz Republic" of August 23, 2023 No. 2023-P-14/53-5-(PS):

paragraph of the sixth of Item 1 of the resolution;

Item 5 of appendix to the resolution;

- in the resolution of Board of National Bank of the Kyrgyz Republic "About modification of some regulatory legal acts of National Bank of the Kyrgyz Republic" of December 19, 2025 No. 2025-P-14/68-3-(NPA):

paragraph of the sixth of Item 1 of the resolution;

Item 5 of appendix to the resolution.

3. This resolution becomes effective after 15 (fifteen) days from the date of official publication.

4. 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.

5. To management of methodology of supervision within 3 (three) working days from the date of official publication of this resolution to bring it to the attention of OYuL "Association of Operators of KG (KEY-DZHI) Payment Service Providers", operators of payment systems and payment institutes of the Kyrgyz Republic.

6. To department "Secretariat of Board" within 3 (three) working days from the date of adoption of this resolution to bring it to the attention of the relevant structural divisions, regional managements and Representative office of National Bank of the Kyrgyz Republic in Batken Province.

7. To impose control of execution of this resolution on the board member of the National Bank of the Kyrgyz Republic supervising management of methodology of supervision.

Appendix

to the Resolution of Board of National Bank of the Kyrgyz Republic of July 6, 2026 No. 2026-P-12/35-3-(PS)

Instruction for supervision of activities of operators of payment systems and payment institutes

Chapter 1. General provisions

1. This Instruction for supervision of activities of operators of payment systems and payment institutes (further - the Instruction) determines the basic principles and procedure of external (remote) supervision and inspection checks of activities of operators of the payment systems and payment institutes (further - persons under surveillance of the organization) performing activities based on the license(s) of National Bank of the Kyrgyz Republic (further - National Bank).

2. The National Bank exercises supervision of observance by persons under surveillance by the organizations of requirements of the legislation of the Kyrgyz Republic, including requirements in the field of counteraction to financing of criminal activities and to legalization (washing) of the criminal income (further - PFPD/LPD). Information on results of supervision in the field of PFPD/LPD goes National Bank to body of financial investigation according to the procedure, established by the legislation in the field of PFPD/LPD.

3. Supervision of activities of persons under surveillance of the organizations is exercised by National Bank by means of inspection checks and external (remote) supervision.

The specified supervision forms mutually supplement each other when implementing of supervising functions by National Bank.

4. Interaction and exchange of information between National Bank and persons under surveillance by the organizations are important elements of implementation of supervision. The National Bank within implementation of supervising functions interacts with persons under surveillance the organizations by means of negotiation, meetings and correspondence, including by consideration of the report following the results of inspection check and during external (remote) supervision.

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