Resolution of the Board of the National Bank of the Kyrgyz Republic No. 2020-P-14\17-2-(NPA) of 27 March 2020 on Amending the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Regulation 'On Minimum Requirements for Cash Operations in Commercial Banks and Non-Bank Financial and Credit Organizations of the Kyrgyz Republic' of 27 March 2013 No. 9/10"

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Date of creation: 2020-04-02

Resolution of the Board

of the National Bank

of the Kyrgyz Republic

No. 2020-P-14\17-2-(NPA)

dated 27 March 2020

On Amending the Resolution

of the Board of the National Bank of the Kyrgyz Republic

"On Approval of the Regulation 'On Minimum Requirements for the Performance

of Cash Operations in Commercial Banks and Non-Bank Financial and Credit Organizations of the Kyrgyz Republic' of 27 March 2013 No. 9/10"

In accordance with Articles 20 and 68 of the Law of the Kyrgyz Republic

"On the National Bank of the Kyrgyz Republic, Banks and Banking Activity" and

Article 26 of the Law of the Kyrgyz Republic "On the Payment System of the Kyrgyz Republic", the Board of the National Bank of the Kyrgyz Republic resolves:

1. To introduce amendments to the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Regulation 'On Minimum Requirements for the Performance of Cash Operations in Commercial Banks and Non-Bank Financial and Credit Organizations of the Kyrgyz Republic' of 27 March 2013 No. 9/10 (attached).

2. To the Legal Department:

• publish this resolution on the official website of the National Bank of the Kyrgyz Republic;

• after official publication, send this resolution to the Ministry of Justice of the Kyrgyz Republic for inclusion in the State Register of Normative Legal Acts of the Kyrgyz Republic.

3. This resolution enters into force upon the expiry of fifteen days from the day of official publication.

4. Commercial banks, non-bank financial and credit organizations and payment organizations licensed by the National Bank of the Kyrgyz Republic shall, by 1 January 2021, bring their activities into compliance with the requirements of the Regulation "On Minimum Requirements for the Performance of Cash Operations in Commercial Banks and Non-Bank Financial and Credit Organizations of the Kyrgyz Republic" of 27 March 2013 No. 9/10.

5. To the Department for the Development of the State Language and Document Management: bring this resolution to the attention of the relevant structural subdivisions, oblast administrations and the representative office of the National Bank in Batken oblast.

6. To the Payment Systems Department: bring this resolution to the attention of commercial banks, non-bank financial and credit organizations, payment system operators and payment organizations licensed and regulated by the National Bank of the Kyrgyz Republic.

7. To assign control over the execution of this resolution to the member of the Board of the National Bank of the Kyrgyz Republic supervising the Payment Systems Department.

Chairman T. Abdygulov

Annex

to the Resolution of the Board

of the National Bank

of the Kyrgyz Republic

dated "27" March 2020

No. 2020-P-14/17-2-(NPA)

Amendments

to the Resolution of the Board of the National Bank of the Kyrgyz Republic

"On Approval of the Regulation 'On Minimum Requirements for the Performance of Cash Operations in Commercial Banks and Non-Bank Financial and Credit Organizations of the Kyrgyz Republic' of 27 March 2013 No. 9/10"

1. To introduce the following amendments to the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Regulation 'On Minimum Requirements for the Performance of Cash Operations in Commercial Banks and Non-Bank Financial and Credit Organizations of the Kyrgyz Republic' of 27 March 2013 No. 9/10":

in the Regulation "On Minimum Requirements for the Performance of Cash Operations in Commercial Banks and Non-Bank Financial and Credit Organizations of the Kyrgyz Republic" approved by the above-mentioned resolution:

• restate paragraph 2 as follows:

"2. This Regulation applies to commercial banks, non-bank financial and credit organizations and payment organizations licensed and regulated by the National Bank (hereinafter referred to as FKO).";

• restate paragraph 3 as follows:

"3. This Regulation regulates cash operations conducted through the cash desk of an FKO, and also establishes requirements for supporting documents, for the placement and equipping of peripheral devices and ensuring their security, as well as for the collection of ATMs and automated self-service terminals.";

• in paragraph 9:

paragraphs two, four, twenty-first, twenty-second, twenty-fourth and twenty-fifth shall be deemed to have lost force;

supplement with paragraphs fourteen and fifteen of the following content:

"- peripheral device cassette (hereinafter referred to as cassette) – a part of a peripheral device used for storing, accepting and/or dispensing monetary funds of different denominations.

Also, instead of a cassette, special bags/sacks located in the safe zone may be used, intended for storing monetary funds accepted by an ATM with the cash-in function and an automated self-service terminal.";

• restate paragraph 20 as follows:

"20. The cash officer has the right to issue to the client banknotes in bundles according to the amounts indicated on the top labels of the banknote bundles, in individual straps, individual banknotes by sheet-by-sheet counting, coins in bags with inscriptions on the labels, in boxes with intact factory seals, and if a smaller quantity of coins is required, coins are issued in packets packed 100 (one hundred) pieces each, individual coins – by piece-by-piece counting.";

• in paragraph 21:

supplement the first paragraph after the words "according to the inscriptions on the labels" with the words "in boxes with intact factory seals";

in the first sentence of the second paragraph, supplement the word "bags" with the word "/boxes";

• supplement paragraph 24 with a second paragraph of the following content:

"When using automated programs, the keeping of cash books is permitted in accordance with the output forms approved by the internal normative documents of the FKO.";

• supplement paragraph 25 with a fourth sentence of the following content:

"When using automated programs, cash documents are generated in accordance with the output forms and reports.";

• restate the second sentence of paragraph 31 as follows:

"Cash money is issued to collectors and the cash officer in bundles of banknotes, cassettes, bags/boxes with coins, individual straps, banknotes and coins or bags with cash money.";

• restate paragraph 32 as follows:

"32. Collectors and the cash officer accept bundles of banknotes, cassettes, bags/boxes with coins for their transportation according to the inscriptions on the top labels of the banknote bundles with verification of the number of straps, the correctness of the integrity of the packaging of banknote bundles/cassettes and seals, cliché impressions, the presence of the necessary details on the top labels of banknote bundles, seals, cliché impressions, bags with coins – according to the inscriptions on the labels, in boxes with intact factory seals, with verification of the correctness of the indicated amounts and the integrity of the bags with coins and seals, the presence of the necessary details on the seals and labels for bags/boxes with coins. Individual straps, banknotes and coins are accepted by sheet-by-sheet and piece-by-piece counting.";

• restate Chapter 9 as follows:

"Chapter 9. Minimum Requirements for the Placement,

Equipping and Collection of Peripheral Devices

53. FKOs, including their agents, when installing and connecting peripheral devices, must take all measures to minimize the risks associated with the possibility of hacking, damage, disruption of operability or theft of these devices. ATMs and automated self-service terminals must be placed in locations corresponding to their technical characteristics (office, through-the-wall, etc.).

54. FKOs, including their agents, when installing and connecting peripheral devices, must take measures to protect the devices preventing unauthorized operations. Responsibility for unauthorized operations, as well as ensuring the conduct of payments through peripheral devices, is borne by the FKO.

55. To reduce the risks associated with hacking, damage, disruption of operability, theft, as well as to prevent unauthorized operations, the FKO must:

• equip the ATM with video surveillance systems that can ensure the receipt of video images of proper quality, to provide a visual evidence base within the framework of claims work (the storage period of video recordings must be at least 30 calendar days);

• ensure the security of the functioning of the peripheral device from unauthorized access;

• insure ATMs and the monetary funds located in them, except for ATMs installed in premises that meet the requirements for technical fortification and are equipped with security and alarm signaling and video surveillance or with round-the-clock physical security, or comply with the recommendations specified in paragraph 56 of this Regulation;

• use licensed software or software of its own development if a complete set of documentation is available;

• conduct periodic control/monitoring of the appearance of the peripheral device, including its integrity and the absence of unauthorized equipment, as well as the actions of collection services and organizations servicing the repair and maintenance of the peripheral device;

• conduct periodic assessment of the risks of exposure of peripheral devices to attacks (information, technical and physical) and attempts to commit them, as well as promptly eliminate identified vulnerabilities;

• improve internal normative documents aimed at detecting, recording, identifying and preventing attacks or attempts to commit them.

56. In order to strengthen the security of banking equipment, it is recommended:

• to use remote monitoring systems for peripheral devices that ensure control over the proper functioning of protective equipment and software;

• the body and panel of the ATM and automated self-service terminal must be vandal-proof;

• to equip with an anti-skimming device;

• to equip with security alarm signaling with the output of the activation signal to the console of a security organization;

• to equip with a GPS tracking system, with the help of which it is possible to determine the location of stolen equipment;

• to secure ATMs and automated self-service terminals to the installation surface;

• to provide cassettes with ink capsules that dye (render unusable) banknotes in the event of unauthorized access.

57. Loading or removal of monetary funds from an ATM and automated self-service terminal is carried out by the FKO and its agents independently or by a collection service with which a corresponding agreement has been concluded, and also in accordance with the internal procedures of the FKO and its agents.

58. Loading of an ATM with cash money and its removal from the ATM must be carried out in accordance with internal procedures or on the basis of an agreement on the performance of collection operations concluded with a corresponding organization. Loading of an ATM with cash money is carried out as necessary within the limit of cash money established for the ATM.

Replenishment or removal of monetary funds from a peripheral device must be carried out in a timely manner and within the timeframes guaranteeing the uninterrupted operation of the peripheral device. Responsibility for the timely collection of the peripheral device is borne by the FKO and its agents.

59. Loading or removal of monetary funds from an ATM and automated self-service terminal must be carried out by an employee of the FKO accompanied by persons ensuring the security of the said employee and the safety of the transported monetary funds, or by a collection service, with the drawing up of a corresponding act or report, as well as verification of the integrity of the cassette, seal or sealing (if necessary) of each cassette, except for the own automated self-service terminals of agents. At the same time, personnel performing service and technical support of the peripheral device must not be allowed to perform collection.

60. Loading of cassettes with banknotes must be carried out by employees of the FKO in a number of not less than 2 (two) persons with the drawing up of corresponding acts or reports, as well as locking with a key or sealing of the cassette, including verification of the integrity of the cassettes.

61. Collection of monetary funds from an ATM and automated self-service terminal must be carried out with the drawing up of a corresponding report confirming the operation of removal of monetary funds. In the absence of such a possibility, an electronic form of the report is printed out.

62. Monitoring of the operation of the peripheral device, as well as ensuring its filling with monetary funds, must be carried out by the FKO and its agents or by a collection service with which a corresponding agreement has been concluded. The agreement must provide for the conditions and procedure for conducting collection.

63. The procedures for collection of ATMs must necessarily contain norms regulating the conditions for storing and using keys/passwords for the collection of ATMs and automated self-service terminals, as well as ensure their observance. In addition, the collection of monetary funds from an ATM and automated self-service terminal must be accompanied by the mandatory printing from the peripheral device of a report on the amount of monetary funds located in the peripheral device at the time of collection, and a report confirming the operation of loading new monetary funds into the ATM. These reports must be signed by the persons carrying out the collection procedure.

64. Opening of cassettes must be carried out with a preliminary verification of the integrity of the cassette, seal or sticker for sealing on the cassettes. Sheet-by-sheet counting of monetary notes in cassettes must be carried out by cash officers in a number of not less than 2 (two) persons with the drawing up of corresponding acts or reports. If a surplus or shortage is detected during sheet-by-sheet or piece-by-piece counting of cash money removed from a peripheral device, a counting act is drawn up.";

• restate Appendix 8 as follows:

Appendix 8

to the Regulation on Minimum Requirements for the Performance of Cash Operations in Commercial Banks and Non-Bank Financial and Credit Organizations

of the Kyrgyz Republic

"______

(name of the FKO)

b o o k

of accounting of valuables of the working cash desk

and other valuables for 20___

Started "___" ___20

Ended ""___ 20___

Entries in this book are made

until its full use

Month ______ 20 ___.

National currency ______

(Date)

AMOUNT

Monetary funds in the bank's cash desk at the beginning of the day

INCOME

EXPENDITURE

Balance at the end of the day

Head

Chief Accountant

Cash desk manager

---

Signature

---

Signature

---

Signature

(name of the FKO)

C E R T I F Y I N G I N S C R I P T I O N

Total in this book there are numbered and bound sheets ______

---

(the quantity is indicated in words)

from No. ______ to No. ______ inclusive

Head

Chief Accountant (accountant)

Cash desk manager

"______"_20.

";

• restate Appendix 13 as follows:

"Appendix 13

to the Regulation on Minimum Requirements for the Performance of Cash Operations in Commercial Banks and Non-Bank Financial and Credit Organizations

of the Kyrgyz Republic

Rules for the Processing, Formation and Packaging

of the National Currency

In all FKOs, a single procedure for the processing, formation and packaging of the national currency established by this Regulation is adopted. Cash money located in the FKO, in accordance with the requirements for processing, formation and packaging of the national currency, is stored in the vault/safe room of the FKO.

Cashiers are obliged to sort the banknotes accepted by them into the bank's cash desk by denomination, and then into fit for circulation, worn and defective.

Sorted by denomination, fit and worn banknotes are formed and packaged by the cashier separately.

Cash money received at the end of the working day in unsorted form must be stored separately from sorted money in a bag with an attached inventory of monetary funds, indicating the denominations. The bag must be sealed by the cashier who packed the cash money. A label is attached to the bag indicating the date, the seal number and the details of the cashier. At the same time, the internal normative documents of the bank must specify the established time limit within which the cashier is obliged to sort the cash money received at the end of the working day.

Every 100 sheets of sorted banknotes of the same denomination are formed into straps with the reverse side with the series and number up, so that the white field is on the right side, and are banded crosswise with a standard band or a ring transverse band, respectively. The use of rubber bands for banding banknotes is strictly prohibited. On the bands of straps of worn banknotes, a stamp with the word "Worn" is placed.

Standard bands for packaging banknotes must have the following details:

• name of the bank institution;

• personal stamp (code) of the cashier who performed the counting, sorting and packaging of banknotes.

Every 10 straps (1 strap – 100 sheets) of cash money intended for delivery to the National Bank, as well as for conducting operations for the exchange of assets between banks, are formed into a bundle (1000 sheets in one bundle of the same denomination), which is provided with a top label of the established sample made of cardboard, with the logo of the bank institution applied and packed with twine crosswise or in a vacuum polyethylene bag.

Cash money in bundles/straps intended for the operational cash desk/delivery for safekeeping, with an inventory of monetary funds, is packed in bags with a label attached, where the seal number, packaging date, details and signature of the cashier are indicated. The bag must be sealed by the cashier who packed the cash money.

Coins fit for circulation are packaged by denomination and packed by cash officers into bags without external seams and damage. The neck of each packed bag is tightly tied with twine without knots and tears. The ends of the twine are tied with a blind knot with the application of a seal and label. If a bag-sewing machine is available, the bags are sewn together with the label in a corresponding manner. On the top label of the banknote bundle and on the label of the bag of coins, regardless of the method of packaging, the following are placed:

1) a stamp with the name of the bank or code number;

2) denomination of banknotes/coins;

3) amount of banknotes/coins;

4) quantity of banknotes/coins;

5) packaging date;

6) personal stamp or code of the cash officer;

7) signature of the cash officer;

8) a stamp with the inscription "defective" on the label of the bag with defective coins and a stamp "worn" on the label of the bundle of worn money;

9) issue number.".

Contacts

Public reception

+996 (312) 61-04-86 +996 (312) 66-90-15 +1257, +1256

Consumer Protection Department

+996 (312) 66-90-15 +1671, +1666

Report corruption

+996 (312) 66-90-15 +2120 +996 (312) 61-04-00

Auto-informant of official exchange rates

+996 (312) 61-07-11

Numismatic Museum

+996 (312) 66-90-15 +1232 +996 (312) 61-24-14

E-mail

mail@nbkr.kg

For work with the media

press@nbkr.kg

720010, Kyrgyz Republic, Bishkek, Kievskaya Street, 189