BRSA ENDS UNCERTAINTIES IN THE LAW ABOUT PAYMENT AND ELECTRONIC MONEY ORGANIZATIONS:

AS MENTIONED UNDER THE NEWSLETTER PUBLISHED IN OUR WEBSITE BACK IN SEPTEMBER 2013 TITLED “NEW LAW ON PAYMENT & SECURITY RECONCILIATION SYSTEMS, PAYMENT SERVICES AND ELECTRONIC MONEY ORGANISATIONS”

NEW LAW ON PAYMENT & SECURITY RECONCILIATION SYSTEMS, PAYMENT SERVICES AND ELECTRONIC MONEY ORGANISATIONS:

THE LAW ON PAYMENT AND SECURITY RECONCILIATION SYSTEMS, PAYMENT SERVICES AND ELECTRONIC MONEY ORGANISATIONS NUMBERED 6493 (THE “LAW”) HAS ENTERED INTO FORCE AS OF 27 JUNE 2013, UPON ITS PUBLICATION IN THE OFFICIAL GAZETTE NUMBERED 28690.