Regulatory Alerts2021-12-29 | 132914Added · Updated
Regulation on Minimum Requirements for the Pricing Policy of Banking, Payment Services and Services Provided by Microfinance Organizations, and for the Implementation of Marketing Activities
The National Bank of the Kyrgyz Republic issued this Regulation to establish minimum requirements for the pricing policy of banking, payment, and microfinance services, and for the implementation of marketing activities by service providers. It mandates that all banking service providers must have an approved, transparent pricing policy that includes market analysis, cost component disclosure for rates and fees, and regular review. The Regulation also sets strict rules for banks' marketing activities, prohibiting political content, certain gaming events, and requiring full disclosure and client consent for personal data use, ensuring compliance with antimonopoly and consumer protection laws.