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

According to the subitem 23) of paragraph two of part two of Item 19 of the Regulations on National Bank of the Republic of Kazakhstan approved by the Presidential decree of the Republic of Kazakhstan of December 31, 2003 No. 1271 "About approval of the Provision and structure of National Bank of the Republic of Kazakhstan" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed 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 (further - Rules).

2. Recognize invalid some resolutions of Board of National Bank of the Republic of Kazakhstan, and also structural elements of some resolutions of Board of National Bank of the Republic of Kazakhstan according to the list according to appendix to this resolution.

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, except for the subitem 2) of Item 69 of Rules which becomes effective since July 1, 2017.

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of August 31, 2016 No. 205

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

Chapter 1. General provisions

1. These 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 (further – Rules) are developed according to the subitem 23) of paragraph two of part two of Item 19 of the Regulations on National Bank of the Republic of Kazakhstan approved by the Presidential decree of the Republic of Kazakhstan of December 31, 2003 No. 1271 "About approval of the Provision and structure of National Bank of the Republic of Kazakhstan" and determine procedure for release of payment cards, and also requirements to activities for servicing of transactions with their use in the territory of the Republic of Kazakhstan.

Procedure for release of payment cards, and also requirements to activities for servicing of transactions with their use in the territory of the Republic of Kazakhstan include release of payment cards, requirements to activities for servicing of transactions with use of payment cards.

2. Action of Rules does not extend to the systems of payment cards of the legal entity intended for rendering services to workers of this legal entity.

3. In Rules the concepts provided by the laws of the Republic of Kazakhstan "About communication", "About payments and payment systems" (further – the Law on payments and payment systems), and also the following concepts are used:

1) authorization - permission of the issuer to implementation of payment with use of payment card;

2) pre-paid payment card - the payment card giving to her holder opportunity to make payments and (or) money transfers and (or) to receive cash within the amount of money which is previously brought by her initial holder and considered on the consolidated account of the issuer. The microprocessor card or other special electronic means in which information about the available holder of such card or special electronic means to amount of money within which payments and (or) money transfers and other transactions are made is stored do not belong to pre-paid payment cards;

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