Regulatory Alerts2023-05-01 | 77/04Rule of Registration And Regulation of the Payment Service Provider
The National Bank of Georgia issued Order № 29/04 to approve the Rule of Registration and Regulation of Payment Service Providers, establishing the legal framework for their oversight. The regulation defines the scope of activities, detailed registration procedures, and specific obligations for providers, including requirements for electronic systems and capital. It further outlines the processes for registering changes, grounds for cancellation of registration, and the commitments providers must maintain regarding head office operations and system integrity.
Share