Regulatory Alerts2024-01-11
Decision No 11 of 11 January 2024 on Licensing and Registration of Payment, Electronic Money Institutions and Postal Service Providers
The Executive Board of the National Bank of Moldova approved a regulation establishing licensing and registration requirements for payment institutions, electronic money institutions, and postal service providers acting as payment or e-money service providers. The framework mandates formal authorization from the central bank, outlines operational and compliance standards for market participants, and standardizes supervisory oversight across non-bank financial entities. The regulation takes effect on 26 January 2024, with specific transitional provisions detailed in point three allowing phased compliance for existing operators.
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