Regulatory Alerts2021-12-29 | 123463Regulation on Minimum Requirements for Pricing Policy of Banking and Payment Services, Microfinance Organization Services, and Marketing Activities
The National Bank of the Kyrgyz Republic issued this Regulation to establish minimum requirements for pricing policies and marketing activities of banking, payment, and microfinance service providers. It mandates that entities formally document pricing strategies, ensure transparent disclosure of interest rates and tariffs, and conduct marketing campaigns that are accurate, politically neutral, and compliant with consumer protection laws. Furthermore, the Regulation prohibits banks from acting as lottery organizers or sponsors in promotional events while requiring annual policy reviews and timely notifications of tariff changes to the central bank.
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