Regulatory Alerts2024-07-09
Regulation on the notification of activities referred to in Art. 2 para. (2) item 11) lett. a) and b) of Law No. 114/2012 on payment services and electronic money
The National Bank of Moldova issued this Regulation to establish notification procedures for entities seeking exemptions under the limited network and limited range of goods or services provisions of Law No. 114/2012. It mandates that applicants submit detailed information regarding transaction volumes, instrument limits, risk descriptions, and contractual agreements to the central bank before commencing exempted activities. The document further requires licensed payment service providers to clearly distinguish exempted services from regulated ones and informs users that such services lack standard regulatory protections.
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