ANNEX 5

of the
BIDDING DOCUMENT (SINGLE-STAGE)
for the
Postal technology on 550 locations to expand access to financial services
IFB No: FSDP/KPO/ICB/2.1.2

OVERVIEW OF THE LEGAL AND REGULATORY

FRAMEWORK APPLICABLE TO
THE KYRGYZ POST OFFICE
AND ITS FINANCIAL PRODUCTS/SERVICES PROVIDED
at the
KYRGYZ POST OFFICES
The list below provides an overview of the laws and regulations applicable to the financial services
provided by the Kyrgyz Post Office.
The details of the laws and regulations can be found at the applicable on-line legal and regulatory
databases and websites of the institutions involved.

# Regulation
1 Law on Postal Communications
2 Law on Telecommunications and Postal Communications
3 Law on Postal Savings System
4 Law of the Kyrgyz Republic on Joint Stock Companies
5 Law of the Kyrgyz Republic on Licensing System in the Kyrgyz Republic
6 Law on Payment System
Regulation on payment system operators and payment institutions (#19/10; March 25,
7 2015)
Regulation on licensing of payment system operators and payment institutions (#58/9;
8 December 24, 2014)
Regulation on licensing of payment system operators and payment institutions (#71/11;
9 November 25, 2015)
10 Regulation on remittances (#30/6; July 15, 2009)
New Law of the Kyrgyz Republic on Banks and Banking Activities in the Kyrgyz
11 Republic
12 Regulation on Licensing of Activities of Banks
Regulation on the Size of Fees for Licenses Issued by the National Bank of the Kyrgyz
13 Republic
Regulation on Measures Applied to Banks and Some Other Financial and Credit
14 Institutions Licensed by the National Bank of the Kyrgyz Republic
Regulation on banks that sign an agency contract for provision of retail banking services
15 (#36/7 - May 26, 2010)
16 Regulation on remote banking and payment services (April 15, 2015)
17 Regulation on E-money
18 Regulation on payment cards (#76/8; December 9, 2015)

The AML requirements are set forth in Regulation “On the identification and verification of
customer and the beneficial owner (beneficiary) with the purpose of terrorism financing
(extremism) and the legalization (laundering) of proceeds from crime counteraction”. The text of
the regulation in Russian is available at http://cbd.minjust.gov.kg/act/view/ru-ru/91052