President Abdullah Gul, Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions approved the law that determines the rules and principles.
According to the law
, the system operated by the system operator. For participation in the functioning of the system and the system of rules and regulations issued by the Central Bank in accordance with the contracts to be determined by the system operator.
, the Central Bank will make the necessary arrangements to ensure smooth and uninterrupted operation.
system operator, who can run the system with the permission of the Central Bank under the arrangement.
system operator, with the establishment of joint-stock company in the form of cash and be free of any collusion and will have to be paid-in capital of at least 5 million Turkish liras. We also have adequate risk management and information security, business continuity and reliability, and to take the measures necessary for the system, participants, and ensure compliance with the operating rules, regulations, bearer share certificates to be issued against cash and will be asked to complete. Interfere with the effective supervision of the bank’s ownership structure and organizational chart transparent and open to, and control of those who have a share of over 10 percent and capital holders will possess the qualifications required for the founders of the bank Banking Law.
These provisions will not apply to legal persons carrying out the activities of clearing checks under Czech law.
of the system operator are allowed, within 10 days from the date of commencement of operations of the Central Bank to notify the start of its operations.
established or to be established in the Central Bank of
systems to ensure uninterrupted operation of the surveillance will be. The system operator, any record under surveillance, information and documents, even if they are hidden within the framework of the principles and procedures to be determined by the Central Bank will be deposited to the bank and the bank’s oversight of the system will be ready.
Central Bank, the measures based on the weight of the violation, the system operator may request the issuance of the system, temporarily stop operating permit. The Bank could threaten financial stability in order to prevent the emergence of a systemic risk to temporarily take over the management of the plant operator.
-Transfer order-
transfer orders become irrevocable
moment when the system is clearly defined rules and after that transfer orders can not be taken back by the participant or a third party. Transfer order entry system determined by the rules of the system memory.
funds or securities transfers to the participant or system operator of the suspension, or permanent suspension of limitation of funds or securities, the savings on to include any measure that prevents regulated by law and the decision, the system operator of the system after the moment of notification of the measures and the decision will be applied for transfer orders.
connected to the system as the system operator
to guarantees given by the participant or guarantees granted by the Central Bank of collateral to be used for the fulfillment of obligations of the owner of the system.
-Payment service-
Central Bank of the protective provisions
given the authority to determine benefit systems, set system obliged to publish in the Official Gazette will be brought to the public.
payment process to take place in cases where a specific payment account yat?r?labilmesi pay money to the account, the payment account, withdraw money, and to perform other operations on the account of all the activities carried out by payment service provider, the payment service to be held .
Depending on the particular payment account held
and sends an authorization issued by any direct debit transactions initiated by the buyer, such as credit card or debit card payment transactions initiated by the sender of a payment instrument money transfer operations, be considered within the scope of payment services.
issuance and acceptance of payment instrument
would be part of the payment service. Depending on the sender’s account without any payment service provider acting on behalf of the buyer or recipient of funds transfer transactions are defined as transfer of money. Electricity, water and telephone bill payments as well as regular services to some organizations that mediate the non-bank payment service to be considered. From opening an account on behalf of the sender or the recipient, the payment service provider acting on behalf of the buyer or recipient of the transactions transferring funds, held as part of the payment service.
The sender of the payment process
the approval of the aforementioned vehicles and transfer of funds between the sender and the receiving party through the tools of information and transactions occur through electronic communications operator (such as mobile payment service) of payment services counted.
IT and electronic communication service providers
between the
, “payment service provider” collected under the name. In addition to banks, electronic money institutions and payment institutions, payment service provider will be defined as. Banks, electronic money institutions, payment institutions, defined as a payment service provider. Persons other than banks and payment service provider not submit payment service.
-be-paid-in capital of at least one million pounds
payment provider willing to operate in the field of payment services within the scope of Regulation, provided that the activity found in the BRSA permission. Payment facility to search for the following conditions:
“established as a joint stock company, with shares of 10 percent and the share capital and control of those who have the qualifications required for the holders of the founders of the bank, all of the shares and registered shares to be issued against cash, cash and all kinds of paid-up capital of at least one million pounds of collusion that under the arrangement to perform management operations, have sufficient personnel and technical equipment and the relevant departments of the complaints and objections to form, the continuity of the activities to be carried out and the fund for payment service users and the information necessary for the safety and privacy of to take the measures, the BRSA control interfere with transparent and open to a partnership structure and organizational chart. “
payment provider, offering payment services to be provided only payment account used to hold the payment process. With regard to electronic money institutions and payment service to pay the funds, deposits, participation funds or be considered as an electronic money. Payment provider can not be found in the lending business.
-separate organizations who might ihdas?n?-
operate in areas other than payment services and payment by the paying agency activities, financial condition or BRSA paying agency to monitor compliance with the provisions of laws and regulations that may affect adversely affect the case or the Board of payment services may request a separate organization to be established.
Payment
permission to operate the establishment, merger or division of the legal structure of the organization, such as changing payment transactions by payment in the event of the termination of the legal entity, the legal entity has ended, the paying agency in the six months to a year after the start of operations After operating for a period of six months in case of a long time does not automatically expire.
id=”contextual”>-issuer of e-money institutions
Banks are allowed to eject id=”contextual”>
Requirements for the establishment of electronic money
as follows:
“established as a joint stock company, with shares of the share capital of ten per cent of those who possess the qualifications required for and control of the holders of the founders of the fact that all of the shares and registered shares to be issued against cash, in cash, and each kind of collusion to be paid-in capital of at least 5 million Turkish Lira, to perform management operations, have sufficient personnel and technical equipment, the relevant departments of the complaints and objections to form, the continuity of the activities to be carried out, and electronic money funds and information about the safety and privacy of its users to take the necessary measures the Agency’s control interfere with transparent and open to a partnership structure and organizational chart. “
through the banks to carry out the activities of electronic money institutions
. Only its own store network of electronic money issuing institution, not just a specific group of goods or services as a result of an agreement or a purchase of a service network that can be used only in certain pre-paid instruments will be outside the scope of this regulation.
-electronic money issuance-
the issuer of electronic money institutions
, so the fund will issue electronic money. This organization funds deposited by electronic money without delay by turning the electronic money will be ready to use. The organization collects funds for issuance of electronic money, a separate account to be opened at banks by transferring the user will have to keep that account during the period. Funds invested in banks, electronic money amount deposited body in, the user will be blocked for the duration of the accounts at the Central Bank.
lending activities, which can not be found
provider of electronic money, electronic money, electronic money holder holds the interest rates depending on the time and unable to lead to any benefits. The Board shall be authorized to determine other activities can not be done by electronic money institution.
issuance of electronic money in exchange for electronic money institutions
the funds will not be accepted as a deposit or participation fund.
(Will Continue)
Reporter: Yusuf Celebi
By: Murat Tayda?
AA
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