Regulatory Alerts2023-09-18
Regulation No 75/2023 on the Designation of Payment Systems
The National Bank of Rwanda issued Regulation No 75/2023 to establish registration requirements and designation criteria for payment systems operating within or on the Rwandan market. The regulation mandates designated payment systems to comply with specific governance, capital, outsourcing, and risk management obligations while granting the Central Bank authority to impose access regimes and oversight fees. It applies to both systemically important and prominently important payment systems, outlining clear procedures for designation, assessment, exemptions, sanctions, and entry into force.
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