On the Approval of the Regulation "On Electronic Money in the Kyrgyz Republic"

Lost force in accordance with the resolution of the National Bank of the Kyrgyz Republic dated April 20, 2022 No. 2022-P-14/25-3-(PS)NATIONAL BANK OF THE KYRGYZ REPUBLICRESOLUTIONdated March 30, 2016 No. 15/6# On the Approval of the Regulation "On Electronic Money in the Kyrgyz Republic"(As amended by resolutions of the Board of the National Bank of the Kyrgyz Republic dated October 27, 2016 No. 43/7, February 24, 2017 No. 7/1, May 17, 2017 No. 19/1)In accordance with Articles 7 and 43 of the Law "On the National Bank of the Kyrgyz Republic", the Board of the National Bank of the Kyrgyz RepublicRESOLVES:1. To approve the Regulation "On Electronic Money in the Kyrgyz Republic" (attached).2. To declare the following resolutions of the Board of the National Bank of the Kyrgyz Republic as having lost force:- "On the Approval of the Regulation "On Electronic Money in the Kyrgyz Republic" dated May 12, 2015 No. 27/8;- "On Amending and Supplementing the Resolution of the Board of the National Bank of the Kyrgyz Republic "On the Approval of the Regulation "On Electronic Money in the Kyrgyz Republic" dated May 12, 2015 No. 27/8" dated November 2, 2015 No. 65/2.3. Payment system operators that have not concluded agreements with an electronic money issuing bank in accordance with the requirements of the Regulation "On Electronic Money in the Kyrgyz Republic" shall cease activities related to electronic money from June 1, 2016.3-1. Operators of international electronic money systems/issuers of international electronic money systems, in order to provide services using international electronic money on the territory of the Kyrgyz Republic, must bring their activities into compliance with this resolution and register with the National Bank of the Kyrgyz Republic by October 1, 2017.(As amended by resolution of the Board of the National Bank of the Kyrgyz Republic dated May 17, 2017 No. 19/1*)*4. To the Legal Department:- to publish this resolution on the official website of the National Bank of the Kyrgyz Republic;- after official publication, to send this resolution to the Ministry of Justice of the Kyrgyz Republic for inclusion in the State Register of Regulatory Legal Acts of the Kyrgyz Republic.5. This resolution shall enter into force fifteen days after its official publication.6. To the Document Management Department to bring this resolution to the attention of the relevant structural divisions, regional departments, and the representative
office of the National Bank in Batken region.7. To the Payment Systems Department to bring this resolution to the attention of existing commercial banks, payment system operators of the Kyrgyz Republic, and international electronic money systems.8. Control over the execution of this resolution shall be entrusted to the Deputy Chairman of the National Bank of the Kyrgyz Republic, Orozbaeva L.D.|||Chairman of the Board of the National Bank of the Kyrgyz Republic||T. Abdygulov