Document from CIS Legislation database © 2003-2021 SojuzPravoInform LLC

RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of November 26, 2003 No. 201

About approval of Rules of implementation of transactions with electronic money

(as amended on 27-09-2021)

Based on the paragraph of the twenty first 26, Article parts two 32, Article parts one 39, parts three of article 274 of the Bank code of the Republic of Belarus the Board of National Bank of the Republic of Belarus DECIDES: Articles

1. Approve Rules of implementation of transactions with electronic money (are applied).

2. Declare invalid the resolution of Board of National Bank of the Republic of Belarus of July 26, 2002 No. 151 "About the minimum requirements to implementation of issue and carrying out transactions with use of electronic money" (The national register of legal acts of the Republic of Belarus, 2002, No. 92, 8/8424).

Chairman of the board

P.P.Prokopovich

 

Approved by the Resolution of Board of National Bank of the Republic of Belarus of November 26, 2003 No. 201

Rules of implementation of transactions with electronic money

Chapter 1. General provisions

1. These rules regulate procedure for making by banks and non-bank credit and financial organizations of the Republic of Belarus (further – banks), other legal entities, individual entrepreneurs, and also physical persons of transactions with electronic money.

Regulations of these rules are obligatory to execution by banks, other legal entities, individual entrepreneurs, physical persons when carrying out transactions with electronic money if other is not established by legal acts.

The notaries performing notarial activities in notarial bureaus, registered and performing the activities in the territory of the Republic of Belarus perform transactions with electronic money according to the procedure, established by these rules for legal entities and individual entrepreneurs.

Within these rules the cost units which are stored in electronic form on the program and technical device expressing the amount of obligations of the issuer to holders and accepted as instrument of payment only by the issuer do not belong to electronic money.

2. Transactions with electronic money include issue, distribution, use, exchange, repayment of electronic money.

3. For the purposes of these rules following terms have the following values:

e-wallet – the plastic card, the software of the personal computer, other program and technical device containing electronic money and (or) providing to them access;

pre-paid card – type of e-wallet when which using transactions with electronic money are performed in ATMs, payment terminals, self-service terminals, Items of cash disbursement of money, and also using other technical devices or services according to rules of payment systems on the basis of use of bank payment cards;

issue – activities of the issuer for provision of electronic money to holders, agents in exchange for cash or non-cash;

the issuer – person performing issue of electronic money;

distribution – the activities for provision of electronic money performed by the agent for and on behalf of emitting bank to holders in exchange for cash or non-cash;

the agent – the legal entity, including bank, except for emitting bank, the individual entrepreneur, the accounts which are residents, having in banks performing for and on behalf of emitting bank distribution and (or) repayment of electronic money, identification of owners of e-wallets under the contract with emitting bank;

repayment – transaction with electronic money as a result of which electronic money exchanges on cash or non-cash;

money – Belarusian rubles and foreign currency;

the holder – physical person, the legal entity, the individual entrepreneur at which disposal electronic money is;

use – transfer of electronic money by the holder to other person from one e-wallet in other e-wallet within one settlement system with use of electronic money, the translation of electronic money from one e-wallet in other e-wallet, belonging to one person, within one settlement system with use of electronic money;

settlement system with use of electronic money – set of the legal entities, including banks, the foreign organizations who are not legal entities on foreign law, the individual entrepreneurs, physical persons, rules and procedures providing implementation of transactions with electronic money;

rules of settlement system with use of electronic money – set of the regulations established in settlement system with use of electronic money and providing interaction of the issuer, agents, holders when implementing transactions with electronic money with observance of requirements of the legislation;

rules of the issuer – set of the regulations providing interaction of the issuer, agents, holders when implementing transactions with electronic money and developed by the issuer according to rules of settlement system with use of electronic money and requirements of the legislation;

the owner of e-wallet – physical person, the legal entity, the individual entrepreneur for which e-wallets are open;

agent bank – bank, according to the agreement signed with the nonresident issuer extending for and on behalf of the nonresident issuer in the territory of the Republic of Belarus electronic money of the nonresident issuer;

the identification agent – the legal entity, the individual entrepreneur to whom emitting bank, the agent bank, bank settling the electronic money emitted by the nonresident, according to the procedure, established by the legislation, carrying out identification of owners of e-wallets based on the agreement or in the cases provided by legal acts is entrusted;

the bank settling the electronic money emitted by the nonresident – the bank which signed with the nonresident issuer the agreement on repayment of the electronic money emitted by the nonresident in the territory of the Republic of Belarus;

number of e-wallet – the unique sign of e-wallet allowing to identify e-wallet in settlement system with use of electronic money;

the self-service device – the program and technical device belonging to bank or leased by bank allowing to perform without participation of service personnel according to the bank law acceptance of payments in cash and also payments in non-cash form if such opportunity is realized in this program and technical device;

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 50000 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.