Regulatory Alerts2022-09-14 | 129575Instruction on Conducting Inspectorial Inspections of Payment System Operators and Payment Organizations
The National Bank of the Kyrgyz Republic issued this Instruction to establish the objectives, types, and procedures for conducting inspectorial inspections of payment system operators and payment organizations. It mandates the formation of inspection groups, outlines scheduled and unannounced inspection types, defines documentation and access requirements, and specifies enforcement measures for obstruction and non-compliance. The regulation further details the planning criteria, inspection timelines, and protocols for preliminary and final meetings to ensure continuous oversight of financial stability and operational efficiency.
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