Document from CIS Legislation database © 2003-2020 SojuzPravoInform LLC

The document ceased to be valid since   July 27, 2015 according to Item 3 of the Resolution of Board of National Bank of the Kyrgyz Republic of  July 15, 2015 No. 38/4

It is registered

Ministry of Justice

Kyrgyz Republic

On April 28, 2006 No. 48-06

RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of March 23, 2006 No. 7/8

About approval of "Policy on supervision of the Payment system of the Kyrgyz Republic"

Having considered the project of "Policy on supervision of the Payment system of the Kyrgyz Republic", according to articles 3 and 43 of the Law KR "About National Bank of the Kyrgyz Republic", the Board of KR National Bank decides:

1. Approve "Policy on supervision of the Payment system of the Kyrgyz Republic" it (is applied).

2. To management of payment systems together with Legal department in accordance with the established procedure to carry out state registration of this resolution in the Ministry of Justice of the Kyrgyz Republic.

3. This resolution becomes effective from the moment of official publication after state registration in the Ministry of Justice of the Kyrgyz Republic.

4. To management of payment systems to bring this resolution to the attention of commercial banks of the Kyrgyz Republic, JSC Settlement and Savings Company, regional managements and Representative office of National Bank of the Kyrgyz Republic in Batken Province.

5. After publication of the registered regulatory legal act to inform the Ministry of Justice of the Kyrgyz Republic on publication source (the name of the edition, its number and date).

6. To impose control of execution of this resolution on the vice-chairman of National Bank of the Kyrgyz Republic Moldokanov Sh. I.

For the Chairman of the board

Acting Chairman of NBKR Ishenbayev M. B.

Approved by the Resolution of Board of National Bank of the Kyrgyz Republic of March 23, 2006 No. 7/8

Policy on supervision of the Payment system of the Kyrgyz Republic

1. General provisions

1.1 This Policy is developed according to the Civil code of the Kyrgyz Republic, the laws of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic", "About banks and banking activity in the Kyrgyz Republic", "About the digital signature", "About electronic payments", the provision "About Basic Provisions on the Organization of Payment System in the Kyrgyz Republic" and other regulatory legal acts of the Kyrgyz Republic (further the legislation of the KR) and international standards on payment systems and implementation of supervision of payment systems.

1.2 The policy on supervision of KR Payment service provider is aimed at providing stability of making of clearing settlements for users (legal entities and physical person) through KR Payment service provider.

1.3 Supervision of KR Payment service provider - activities of National Bank of the Kyrgyz Republic (further NBKR), based on article 3 of the Law KR "About NBKR", on ensuring effective and smooth functioning of KR Payment service provider which is formed by several types of the payment systems serving various segments of the national financial market.

1.4 The policy determines the purpose, the principles of implementation of supervision of KR Payment service provider, objects and procedure of NBKR of supervision, and also the list of the tools used by NBKR for this purpose.

2. The used terms and determinations

2.1 The system and significant payment system is system which promotes stable functioning of the national financial markets.

2.2 Not the system and significant payment system is system which promotes maintenance of trust of citizens to national currency as to means of cash and cashless payment and calculation.

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 40000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.