of August 13, 2004 No. 119
About post and savings system
Accepted by General Court of Jogorku Kenesh of the Kyrgyz Republic on June 23, 2004
This Law establishes the legal basis of activities of post and savings system of the Kyrgyz Republic, determines its basic principles, the purposes, tasks and functions, field of activity, structure, responsibility for providing and implementation of the purposes and tasks assigned to post and savings system of the Kyrgyz Republic.
post and savings system - the system based on contractual relations of the companies of mail service, financial credit institutes and other organizations for different rendering services to physical persons and legal entities of all patterns of ownership;
payment system - the interconnected system of technologies, procedures and payment instruments intended for implementation of clearing settlements between financial credit institutes being members of payment service provider;
participants of post and savings system - the companies of mail service, financial credit institutes and other organizations performing activities through network of post and savings system on contractual basis;
services of mail service - service in acceptance, processing, transportation, delivery and delivery of mailings (written correspondence, sending, parcels post, periodicals), and also other post contractual services;
post and savings, post banking services - the services rendered by financial credit institutes on contractual conditions in banking operations through network of post and savings system;
commercial services - services of network of post and savings system in the different trade and intermediary transactions on commercial basis which are not contradicting the legislation of the Kyrgyz Republic.
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The document ceased to be valid since November 11, 2022 according to article 1 of the Law of the Kyrgyz Republic of November 1, 2022 No. 100