RESOLUTION OF BOARD OF CENTRAL BANK OF THE REPUBLIC OF UZBEKISTAN

of February 21, 2004 No. 4/20

About approval of the Regulations on procedure for the bank card issue by commercial banks and their addresses in the Republic of Uzbekistan

According to Articles 3, of 7, "About the Central bank of the Republic of Uzbekistan" the Board of the Central bank decides 17 and 51 Laws of the Republic of Uzbekistan:

1. Approve Regulations on procedure for the bank card issue by commercial banks and their addresses in the Republic of Uzbekistan according to appendix.

2. Enact this resolution after ten days from the date of its state registration in the Ministry of Justice of the Republic of Uzbekistan.

Approved by the Resolution of Board of the Central bank of the Republic of Uzbekistan of February 21, 2004 No. 4/20

Regulations on procedure for the bank card issue commercial banks and their address in the Republic of Uzbekistan

This Provision according to the laws of the Republic of Uzbekistan "About the Central bank of the Republic of Uzbekistan", "About banks and banking activity", "About bank secrecy", the Presidential decree of the Republic of Uzbekistan of January 22, 2018 No. UP-5308 "About the State program in five priority directions of development of the Republic of Uzbekistan in 2017 - 2021 in "Year of support of active entrepreneurship, the innovative ideas and technologies" and the resolution of the President of the Republic of Uzbekistan of May 14, 2018 No. PP-3724 "About measures for the accelerated development of electronic commerce" determines procedure for issue, servicing and carrying out calculations for transactions with use of bank cards in the territory of the Republic of Uzbekistan by strategy implementation of actions.

I. General provisions

1. For the purpose of this provision the following concepts are used:

a) Bank card - the payment card providing to her holder possibility of numerous carrying out transactions according to the bank account including carrying out clearing settlements and receipt of sinter sums of money from the account. Transaction types which the holder of bank card has the right to perform according to the bank account are established by the contract between the holder and the issuer of bank card:

b) System of cashless payments bank cards (further - payment system) - set of participants of transactions with bank cards and the relations between them arising in case of release, servicing and carrying out calculations for transactions with use of bank cards:

c) The participant of payment system - the legal entity or physical person entering contractual relations on use of the bank cards belonging to certain payment system;

d) The interbank payment system is geographically distributed payment system which Basic Element are cash cards, based on set of precepts of law, regulating documents, software and hardware solutions and the corresponding organizational and technical infrastructure, intended for implementation of cashless payments electronically and uniting in single system the banks emitting the cash cards, banks serving sellers of goods (works, services), clearing bank, and also the processing organization;

e) Payment institute - the legal entity having the property right to the trademarks and (or) service marks identifying belonging of bank card to certain payment system, and establishing jointly and (or) independently with other participants of the rule of the address of bank card providing carrying out calculations between members of payment institute with use of bank card;

e) The member of payment institute - the bank performing issue and (or) acquiring of bank card based on contracts with the corresponding payment institute;

g) Issue of bank cards - activities for release and provision in use of bank cards;

3) the Issuer - the bank which is performing issue of bank cards, having the property right to the bank cards emitted by it and incurring on its own behalf obligations to their holders and ekvayer on implementation by them is right by calculations with use of bank cards. The bank can only be the issuer of bank card:

i) Acquiring - carrying out settlings with sellers of goods (works, services) in transactions with use of bank cards, and also cash disbursement of money to the holder of bank card directly in cash desk or via the ATM;

j) Ekvayer - the bank performing acquiring:

k) Processing - ensuring collection, processing and distribution of information between members of payment institute, and also maintenance of issue and (or) acquiring. performed by members of payment institute;

l) The processing organization (processor) - the legal entity performing processing;

m) The seller of goods (works, services) - the business entity (the legal entity and (or) the physical person who is engaged in business activity without formation of legal entity) performing sales of goods (works, services) with use of bank cards based on the contract with ekvayer;

o) The holder of bank card - the client or the person authorized by the client, using bank card based on the contract of the client with the issuer or bank extending bank cards;

o) The client - the physical person or legal entity which concluded with the issuer or the bank extending bank cards, the agreement on provision in use of bank cards;

p) Kartschet - the bank account, the order by money of which can be performed by means of bank card:

c) Payment transaction - payment of goods (works, services) by means of bank card;

r) Cash advance payment - the cash issued to the holder of bank card by ekvayer directly in cash desk or via the ATM:

s) the terminal - the device or the software allowing the holder of bank card to perform payment transactions and to create slipa in paper or electronic type on committed transactions;

t) The ATM - the device allowing the holder of bank card to receive cash advance payments in the mode of self-service and creating slipa on committed transactions;

x) Authorization - the procedure of receipt of permission of the issuer of bank card to making of transaction with its use by means of telephone, electronic or other communication by the rules provided by payment institute:

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