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Ministry of Justice

Republic of Moldova

On August 30, 2013 No. 936

RESOLUTION OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of August 1, 2013 No. 157

About approval, change, amendment and cancellation of some regulations of National Bank of Moldova

(as amended on 27-06-2019)

Based on the item f) Art. 5 and Art. 11 of the Law on National Bank of Moldova No. 548-XIII of July 21, 1995 (Monitorul Oficial al Republicii Moldova, 1995, Art. No. 56-57, 624), with subsequent changes and amendments, and parts (3) the Art. 49, the Art. 93, 94 and 108 Laws on payment services and electronic money No. 114 of May 18, 2012 (Monitorul Oficial al Republicii Moldova, 2012, Art. No. 193-197, 661) DECIDES: Administrative board of National Bank of Moldova

1. Approve Regulations about payment cards, according to appendix No. 1.

2. Approve Regulations about the credit translation, according to appendix No. 2.

3. The regulations about activities of banks in systems of international money transfer approved by the Resolution of Administrative board of National Bank of Moldova No. 204 of October 15, 2010 (Monitorul Oficial al Republicii Moldova, 2010, No. 231234, the Art. 900) registered in the Ministry of Justice of the Republic of Moldova at No. 799 of November 19, 2010 to change and add as follows:

1) the Name of Regulations will have the following content:

"Regulations about activities of payment service providers in money transfer systems";

2) throughout all text of Regulations of the word "international money transfer" and "international money transfer" in any grammatical form shall be replaced with words "money transfer" and "money transfers" in the corresponding grammatical form, except for the concepts "System of International Money Transfer", and words "bank", "participating bank" in any grammatical form shall be replaced with words "the supplier of payment participating services" in the corresponding grammatical form, except for syntagmas "National Bank", concepts "Participating bank" and Items 22 and 26;

3) Item 1 will have the following content:

"1. Requirements of these Regulations extend to the payment service providers having the right to render services in money transfer, according to Law No. 114 provisions of 18.05.2012 on payment services and electronic money (Monitorul Oficial al Republicii Moldova, 2012, Art. No. 193-197, 661) (further - the Law).";

4) In Item 2:

a) the concept "Service in International Money Transfer" will have the following content:

"Money transfer - matters, provided in the Law.";

b) in the concept "System of International Money Transfer" of the word "System of International Money Transfer" shall be replaced with words "Money transfer system", shall be replaced with words the words "on international money transfers" "the money relating to money transfer" words of "international money transfer" shall be replaced with words "money transfer", and "bank" to replace the word with the word of "payment";

c) concepts "Participating bank", "Organizer of System of International Money Transfer", "Payer" and "Beneficiary" will have the following content:

"The supplier of payment participating services - the payment service provider of the payer or the beneficiary from the Republic of Moldova who is the participant of money transfer system.

The organizer of money transfer system - the legal entity organizing and providing functioning of money transfer system.

The payer - person publishing the remittance order of money in case of lack of the payment account.

The beneficiary of payment - person who is the receiver of the funds which became object of payment transaction on money transfer.";

4) of Item 16 the word "correspondent" to exclude 5) In part;

The word of "consumers" to replace 6) In Item 18 with the word of "users";

The word of "consumers" to replace 7) In Item 20 with the word of "users", shall be replaced with words the word of "translations" "money transfers", shall be replaced with words words of "money transfer" "money transfer", and shall be replaced with words the word of "translation" "money transfer";

8) Exclude Item 21;

Shall be replaced with words 9) In Item 22 of the word "Participating bank" "The supplier of payment participating services", and "cash desks of bank" to replace the word with the word "its cash desks";

2) of Item 23 the word "durations" to replace 10) In part with the word "term", after part 4) to add with part 5) of the following content: "; 5) the other information provided by Art. 38 of the Law";

11) In Item 25 in option in Russian the text remains without changes;

Shall be replaced with words 12) In Item 26 of the word "Participating bank" "The supplier of payment participating services", and "cash desks of bank" shall be replaced with words words "its cash desks";

1) of Item 28 of the word "international transfer" shall be replaced with words 13) In part "money transfer";

Shall be replaced with words 14) In Item 29 of the word of "international transfer" "money transfer";

To add 15) After Item 29 with Item 29-1 of the following content:

"29-1. Payment service providers shall observe the requirements of transparency of conditions and the requirement for informing connected with payment services and also the requirements connected with the adjusting and preventive measures according to Law provisions";

16) In Item 31 in option in Russian the text remains without changes;

17) In Item 33 in option in Russian the text remains without changes;

The word "payer" to replace 18) In Item 34 with the word of "payer", and to replace the word "carried out" with the word "carried out";

The word "-the beneficiary" and "-the beneficiary" to replace 19) In Item 35-38 with the word of "beneficiary", in Item 35 the word "translation" shall be replaced with words "money transfer";

Shall be replaced with words 20) In Item 36 and 37 of the word of "the corresponding translation" "the corresponding money transfer", and the words "corresponding translation" shall be replaced with words "the corresponding money transfer";

Shall be replaced with words 21) In Item 38 of the word of "the corresponding international transfer" "the corresponding money transfer";

22) In Item 40 in option in Russian the text remains without changes;

23) In Item 41 in option in Russian the text remains without changes.

4. Banks are exempted from need of use of new samples of payment orders according to appendix No. 1 of the Regulations about the credit translation mentioned in Item 2 of this resolution till September 15, 2014.

5. This resolution is published in Monitorul Oficial al Republicii Moldova and becomes effective since September 15, 2013.

6. Recognize invalid some regulations of National Bank of Moldova, according to appendix No. 3.

Chairman of Administrative board of National Bank of Moldova

Doreen Dregutsana

Appendix No. 1

to the Resolution of Administrative board of National Bank of the Republic of Moldova of August 1, 2013 No. 157

Regulations about payment cards

Chapter I General provisions

1. Subject of Regulations about payment cards (further - Regulations) is the regulation of activities of payment service providers and their clients in payment systems by means of payment cards.

2. For the purpose of these regulations the following concepts are used:

The calculating agent - National Bank of Moldova or bank of the Republic of Moldova which provides finality of calculations for the transactions in national currency performed by means of payment cards in the territory of the Republic of Moldova within payment system by means of payment cards according to the requirements established by the organizer of system and these Regulations.

Permission to implementation of transaction by means of payment card - permission of the supplier issuer to implementation of certain transaction by means of the payment card emitted by it.

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