Key points of the new regulation:
- Rules have been approved that regulate the creation and functioning of financial platforms (marketplaces) in Kyrgyzstan.
- The previous regulation dated June 2, 2022, No. 2022-P-14/35-3-(NPA), concerning the regulation of access to financial services through platforms using open application programming interfaces, has been revoked.
The new rules will come into effect 15 days after their official publication.
The Legal Department has been instructed to post the document on the National Bank's website within three working days and send it to the Ministry of Justice for registration in the State Register of Regulatory Legal Acts.
The Department of Digital Financial Technologies must inform banks, payment organizations, and associations about the new regulation within three working days after its publication.
Oversight of the implementation of the regulation has been assigned to a Board member responsible for managing digital financial technologies.
The regulation has been signed by the Chairman of the National Bank Melis Turgunbaev and other board members.
