Parliament be stopped temporarily by the BRSA, operating permits may be canceled and the funds of these organizations agreed, the owner of the fund will be used to ensure the fulfillment of the rights and liabilities of indemnification.
Payment and Securities Settlement Systems offered the Presidency of the Parliament, according to the Draft Law on Payment Services and Electronic Money Institutions, payments and electronic money institutions branch, representative or the service they receive from the outside audit firms BRSA to be authorized.
public institutions, state security and fundamental foreign trade secret to cases where severe consequences of family life, privacy, and confidentiality of the investigation without prejudice to the provisions relating to the right to defense, special laws prohibiting and limiting Notwithstanding any provisions to be limited to the tasks given by the BRSA, albeit hidden, while complying with all information and documents to be requested and the environment will have to be continuous or individual.
Payment and electronic money institutions will be subject to independent audit.
BRSA, including independent audits of the issues identified as a result of the audits to ask to take appropriate measures, in order to take measures to recognize a reasonable time not to exceed six months, until the payment is received within this period, the establishment of the necessary measures and electronic money institution to temporarily stop operating permit if appropriate measures were not taken within the specified period will be authorized to cancel the operating license.
funds received by the paying agency funds collected for issuance of electronic money, electronic money institution, within the framework of the principles and procedures determined by regulation to be protected ç?karaca?? BRSA. BRSA, payments and electronic money institutions, with the Central Bank in accordance with the principles and procedures to be determined by the responsibility that can guarantee.
Payment and electronic money institutions
adopted by the funds and the funds held in the accounts of the organization are subject to voluntary or involuntary liquidation, cancellation of permission to operate in the event of such situations happen regardless of the funding priorities of the owners of other laws fulfillment of the obligations arising from compensation for the rights to use and edit. Payment and electronic money institutions, will be responsible for the compensation for the rights of the fund.
documents and records under the arrangement for a period of at least 10 years in the country to enable safe access to and stored at any moment.
Debit and credit cards payment systems
will be within the scope of the regulation.
Post and Telegraph Organization Company (PTT INC.), you will not have to get approval from the BRSA and the conditions to be exempt from payment provider. BRSA audit to be performed under the arrangement as a result of the activities of PTT AG to provide payment services to stop temporarily or indefinitely.
authorization requirements during the reign of
-Pay-
transfer of ownership of shares of certain ratios
, for the system operator, the Central Bank will permit the BRSA for the establishment of payment institutions and electronic money. Usufruct rights including the right to vote and the end of the resort, these ratios considered within the acquisition and transfer.
to appoint members of the board of directors or audit committee
facility giving the privilege of shares, transfer or issuance of new preferred shares, regardless of the ratios for the system operator, the Central Bank for the establishment of payment institutions and electronic money in the BRSA ‘s going to be subject to the permission. Founded over 10 percent of the share capital of legal entities that control the system operators of transfer of shares changing hands for the purposes of the Central Bank, payments and electronic money institutions allow for the BRSA search terms.
transfer of shares will inherit the shares subject to authorization
, according to the Banking Law, the founders of the bank will have to be qualified for the items.
-Sanctions-
bill payment service provider and system operator to organize against the legal entities operating in the administrative fines foreseen.
system operator without the required permissions
payment provider or electronic money
inspection and supervision by the Central Bank and the BRSA person prevents the fulfillment of their duties, to be given a prison sentence of 1 to 3 years. Not audit the information and documents required under surveillance activities, and people in prison and 500 thousand in the three months to 1 year until the day he faces criminal fines.
system operator, payment institutions and electronic money institutions, documents, false statements Where present, who have signed these documents, up to 1 to 3 years in prison and be punished with a judicial fine up to two thousand days. Act in breach of the obligation to keep records and information security, as much as 1 to 3 years in prison and a criminal fine up to 500 days in 1500 will be the day.
a means of payment by third parties in order to prevent access to information about the personal safety of the operator to take reasonable measures officials and organizations, up to 1 to 3 years in prison and be punished with a judicial fine up to one thousand days.
system operator, the paying agency and the electronic money institution partners, board members and other officials, the secrets of these organizations and their customers, even if they are separated by duty, in case someone else comments 1 to 3 years imprisonment criminal fines and may be awarded up to a thousand days.
Communication tools through the system operator
, the paying agency and the electronic money institution’s reputation can break causing the issue one way or another canard spread by intentionally, one thousand days to 3 years in prison and up to two thousand days will be punished with a judicial fine.
the establishment of electronic money institutions and payment transactions
disconnection of records, due to the recognition of the real nature are not suitable, the person who signed the documents and persons 1 to 3 years imprisonment and a criminal fine up to two thousand days will be fine.
id=”contextual”>-fines-
which have been transferred to him because of the possession of the task
protection and surveillance is required, or in lieu of money or monetary instruments or securities of the system operator itself or others guilty of embezzlement, payment institutions and electronic money institution authorized and officers, 6 years up to 12 years in prison and be punished with a judicial fine up to five thousand days.
crime, embezzlement, fraudulent behavior, is committed to ensure I prevent disclosure, the person or persons concerned shall not be less than 12 years in prison and a criminal fine ever given to 20 thousand. Forensic amount of the fine, the loss of the body concerned can not be less than three times.
investigation before the embezzled money to be refunded, if reduced to two-thirds of the sentence. Before the prosecution, on a voluntary basis, to be refunded if the embezzled money, the penalty is reduced to half. If this situation happen before the verdict, the penalty is reduced to one-third. Due to the lack of money which is the subject of the crime of embezzlement, which could reduce the sentence by one-third halfway.
changing the structure of
-BRSA-
bill, the responsibilities of the Central Bank, “to make regulations to ensure the present and future control systems” provision, “was established to provide oversight of future systems as” changed.
than three to five draft issued by the vice president of the BRSA. Assembly raised to 20 the number of directorates.
the board in Department of Support Services office can be created 8. According to the current law office can be created up to 4. Board members at the request of the representative of the domestic institutions of the center to determine the relevant members of the permanent place of work.
the Authority is a party to litigation and enforcement proceedings
number to carry out the services it can run for a maximum contract attorney. For jobs that require special expertise and temporary nature, can be purchased from the service without being subject to the provisions of the Public Procurement Act.
meeting the expenses of the Authority, payment institutions and electronic money institutions to participate in the share of payments to be made under the name used.
As of the date of entry into force of the Law
operating system operators, systems, within 1 year from the date of publication of the regulation on the Central Bank that will harmonize the law.
Reporter: Ali Hakan Der – Kublai Steel
Publisher: Sefa Salantur
AA
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