Regulatory Alerts2015-04-15 | 130344Regulation on Minimum Requirements for Remote/Distant Services in the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issued this Regulation to establish minimum requirements for commercial banks, non-bank financial-credit organizations, payment system operators, and payment organizations in providing remote and distant banking and payment services. It mandates service providers to implement robust information security systems, multi-factor authentication, clear liability distribution for unauthorized transactions, and accessible digital interfaces for persons with disabilities. Furthermore, the Regulation standardizes contract terms, electronic signature usage, risk management procedures, and user notification protocols to ensure transaction security, confidentiality, and operational continuity.
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