Resolution of the Board of the National Bank of the Kyrgyz Republic dated May 12, 2015 No. 27/8 On the Approval of the Regulation "On Electronic Money in the Kyrgyz Republic"

NATIONAL BANK OF THE KYRGYZ REPUBLIC

RESOLUTION

dated May 12, 2015 No. 27/8

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

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 Republic

RESOLVES:

To approve the Regulation "On Electronic Money in the Kyrgyz Republic" (attached).
To declare the following resolutions of the Board of the National Bank of the Kyrgyz Republic null and void:

"On the Regulation "On Licensing Activities for the Provision of Payment Services Using Electronic Money in the Form of Prepaid Cards" dated July 25, 2007 No. 36/6;
"On Amending Resolution of the Board of the National Bank of the Kyrgyz Republic dated July 25, 2007 No. 36/6 "On the Approval of the Regulation "On Licensing Activities for the Provision of Payment Services Using Electronic Money in the Form of Prepaid Cards"" dated March 12, 2008 No. 10/3;
Part 2 of the Appendix to the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Amending and Supplementing Certain Regulatory Legal Acts of the National Bank of the Kyrgyz Republic" dated September 25, 2013 No. 35/19.

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.

Commercial banks and payment system operators shall, within 5 months from the date this resolution enters into force, bring their activities related to the issuance, processing, distribution, and redemption of electronic money into compliance with the requirements of the Regulation "On Electronic Money in the Kyrgyz Republic".
This resolution enters into force 15 days after its official publication.
The Payment Systems Department shall bring this resolution to the attention of structural divisions, regional departments, and the representative office of the National Bank in Batken Oblast, payment system operators and payment organizations, and commercial banks of the Kyrgyz Republic.
The Supervision and Licensing Methodology Department shall conduct the licensing process for commercial banks in accordance with this Resolution.
Control over the execution of this resolution shall be entrusted to the Deputy Chairman of the National Bank of the Kyrgyz Republic B.Zh.Zheenbaeva.


Chairman	T. Abdygulov

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The links and the sentences they come from (3)

Supersedes

Resolution of July 25, 2007 No. 36/6 On the Regulation on Licensing Activities for the Provision of Payment Services Using Electronic Money2007 · NBKR
“To declare the following resolutions of the Board of the National Bank of the Kyrgyz Republic null and void: "On the Regulation "On Licensing Activities for the Provision of Payment Services Using Electronic Money in the Form of Prepaid Ca…”
Resolution No. 35/19 dated 2013-09-25Not in RegAlert
“Part 2 of the Appendix to the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Amending and Supplementing Certain Regulatory Legal Acts of the National Bank of the Kyrgyz Republic" dated September 25, 2013 No. 35/19.”

Amends

Resolution No. 10/3 dated 2008-03-12Not in RegAlert
“"On Amending Resolution of the Board of the National Bank of the Kyrgyz Republic dated July 25, 2007 No. 36/6 "On the Approval of the Regulation "On Licensing Activities for the Provision of Payment Services Using Electronic Money in the F…”

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