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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of August 31, 2016 No. 216

About approval of Rules of implementation of interbank payments and (or) money transfers on transactions with use of payment cards in the Republic of Kazakhstan

According to the laws of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan", on July 26, 2016 "About payments and payment systems", for the purpose of establishment of procedure of interbank payments and (or) money transfers on transactions with use of payment cards in the Republic of Kazakhstan the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of implementation of interbank payments and (or) money transfers on transactions with use of payment cards in the Republic of Kazakhstan.

3. To department of payment systems (Ashykbekov E. T.) in the procedure established by the legislation of the Republic of Kazakhstan to provide:

1) together with Legal department (Sarsenov N. V.) state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) the direction of this resolution in the republican state company on the right of economic maintaining "The republican center of legal information of the Ministry of Justice of the Republic of Kazakhstan":

on official publication in information system of law of Ad_let within ten calendar days after its state registration in the Ministry of Justice of the Republic of Kazakhstan;

for inclusion in the State register of regulatory legal acts of the Republic of Kazakhstan, Reference control bank of regulatory legal acts of the Republic of Kazakhstan within ten calendar days from the date of its state registration in the Ministry of Justice of the Republic of Kazakhstan;

3) placement of this resolution on official Internet resource of National Bank of the Republic of Kazakhstan after its official publication

4. To management on consumer protection of financial services and external communications (Terentyev A. L.) provide the direction of this resolution on official publication in periodic printing editions within ten calendar days after its state registration in the Ministry of Justice of the Republic of Kazakhstan.

5. To impose control of execution of this resolution on the vice-chairman of National Bank of the Republic of Kazakhstan Pirmatov G. O.

6. This resolution becomes effective after ten calendar days after day of its first official publication.

Chairman of National Bank

D. Akishev

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of August 31, 2016 No. 216

Rules of implementation of interbank payments and (or) money transfers on transactions with use of payment cards in the Republic of Kazakhstan

1. These rules of implementation of interbank payments and (or) money transfers on transactions with use of payment cards in the Republic of Kazakhstan (further - Rules) are developed according to the Law of the Republic of Kazakhstan of July 26, 2016 "About payments and payment systems" (further - the Law on payments and payment systems) and determine procedure of interbank payments and (or) money transfers by transactions with use of payment cards in the Republic of Kazakhstan.

2. In Rules the concepts provided by the Law on payments and payment systems, the Rules of release of payment cards, and also requirements to activities for servicing of transactions with their use in the territory of the Republic of Kazakhstan approved by the resolution of Board of National Bank of the Republic of Kazakhstan of August 31, 2016 No. 205 "About approval of Rules of release of payment cards, and also requirements to activities for servicing of transactions with their use in the territory of the Republic of Kazakhstan" registered in the Register of state registration of regulatory legal acts at No. 14299, and also the following concepts are used:

1) interbank payments and (or) money transfers (further - interbank payments) - payments and (or) money transfers made by one participant of interbank payment and (or) money transfers on transactions with use of payment cards for benefit of other participant in network of servicing of this participant;

2) the financial message - the payment document containing information necessary for carrying out interbank payment on committed transaction with use of payment card, and representing monetary commitments (requirements) of one participant in relation to other participant;

3) the participant - the bank of the second level and (or) the organization performing separate types of banking activities (further - bank), which is (being) the issuer and (or) ekvayer;

4) net line item of the participant - difference between the amount of the financial messages exposed by the participant according to monetary commitments of other participants in relation to this participant and the amount of the financial messages exposed by other participants according to monetary commitments of this participant in relation to other participants. If the difference - negative number, then the participant has debit net line item if positive - credit net line item;

5) the operator - the legal entity performing activities for ensuring functioning of payment system or system of payment cards including functions of the processing organization for the organization of interbank payments connected with implementation of activities for ensuring implementation of routing of messages, authorization and clearing according to the contract with the participant;

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