Resolution of the Board of the National Bank of the Kyrgyz Republic No. 2022-P-14/18-3-(PS) of March 29, 2022, on Amending the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approving the Regulation 'On Bank Payment Cards in the Kyrgyz Republic'" of December 9, 2015 No. 76/8

NATIONAL BANK OF THE KYRGYZ REPUBLIC

RESOLUTION

of March 29, 2022 No. 2022-P-14/18-3-(PS)

On Amending the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approving the Regulation 'On Bank Payment Cards in the Kyrgyz Republic'" of December 9, 2015 No. 76/8

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 Activities" 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 Approving the Regulation 'On Bank Payment Cards in the Kyrgyz Republic'" of December 9, 2015 No. 76/8 (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 expiration of 7 (seven) working days from the day of official publication.

4. To the Payment Systems Department: bring this resolution to the attention of commercial banks and non-bank financial and credit organizations.

5. Commercial banks and non-bank financial and credit organizations shall bring their activities into compliance with this resolution.

6. To the State Language Development and Document Management Department: bring this resolution to the attention of the relevant structural subdivisions, regional departments and the representative office of the National Bank of the Kyrgyz Republic in Batken Oblast.

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	K. Bokontaev

		Annex to the Resolution of the Board of the National Bank of the Kyrgyz Republic of March 29, 2022 No. 2022-P-14/18-3-(PS)

AMENDMENTS to the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approving the Regulation 'On Bank Payment Cards in the Kyrgyz Republic'" of December 9, 2015 No. 76/8

To introduce the following amendments to the resolution of the Board of the National Bank of the Kyrgyz Republic "On Approving the Regulation 'On Bank Payment Cards in the Kyrgyz Republic'" of December 9, 2015 No. 76/8:

in the Regulation "On Bank Payment Cards in the Kyrgyz Republic" approved by the above-mentioned resolution:

• paragraph 8 shall be supplemented with a paragraph of the following content:

"The contract must be accompanied without fail by a scheme of conversion from one currency to another, providing for various conversion options when the cardholder conducts transactions in a currency other than the currency of the cardholder's bank account, with which the cardholder must familiarize themselves under signature.";

• paragraph 32 shall be supplemented with a fifth paragraph of the following content:

"- with the scheme of conversion from one currency to another, providing for various conversion options when the cardholder conducts transactions in a currency other than the currency of the cardholder's bank account;";

• paragraph 33 shall be supplemented with subparagraph 4-1 of the following content:

"4-1) the scheme of conversion from one currency to another, providing for various conversion options when the cardholder conducts transactions in a currency other than the currency of the cardholder's bank account, as well as the procedure for informing clients about the exchange rate when conducting conversion operations;";

• paragraph 33-1 shall be supplemented with subparagraph 3-1 of the following content:

"3-1) the scheme of conversion from one currency to another, providing for various conversion options when the cardholder conducts transactions in a currency other than the currency of the cardholder's bank account, as well as the procedure for informing clients about the exchange rate when conducting conversion operations;";

• paragraph 35 shall be stated in the following wording:

"35. When issuing a debit-credit or credit card, the issuer has the right to conclude a mixed contract or a separate additional agreement, which stipulates the possibility of the cardholder obtaining a loan or overdraft, the procedure and terms for their provision, methods of obtaining, the amount of the commission charged, the scheme of conversion from one currency to another, providing for various conversion options when the cardholder conducts transactions in a currency other than the currency of the cardholder's bank account, and other conditions in accordance with the legislation of the Kyrgyz Republic.".