Regulatory Alerts2024-01-11
Regulation on Licensing and Registration of Payment Institutions, Electronic Money Institutions, and Postal Service Providers
The National Bank of Moldova issues this regulation to establish comprehensive licensing and registration procedures for payment institutions, electronic money institutions, and postal service providers acting as payment service providers or electronic money issuers. It mandates strict application processes, including detailed documentation of capital adequacy, operational programs, business plans, and risk management frameworks, while defining key regulatory terms and compliance timelines. The framework governs the approval, suspension, and rejection of licence applications, ensures adherence to Law No 114/2012, and sets prudential supervision standards for both domestic entities and foreign branches operating in Moldova.
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