Regulatory Alerts2026-04-02
Operational Rules on Organization of Activities of Participants in the Instant Payments System
The Central Bank of the Republic of Azerbaijan issued these operational rules to establish a comprehensive regulatory framework for the 24/7/365 Instant Payments System (IPS). The regulations mandate that system operators and participants utilize ISO 20022 messaging standards, integrate open banking modules for payer registration and strong customer authentication, and adhere to strict service quality levels and liquidity requirements. Furthermore, the rules define clear dispute resolution pathways, establish a tiered warning and restriction system for non-compliant participants, and take effect on 1 April 2026 to replace prior operational guidelines.
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