REGULATION AMENDING THE REGULATION ON PAYMENT SERVICES AND ELECTRONIC MONEY ISSUANCE AND PAYMENT SERVICE PROVIDERS AND COMMUNIQUE AMENDING THE COMMUNIQUE ON INFORMATION SYSTEMS OF PAYMENT AND ELECTRONIC MONEY INSTITUTIONS AND DATA SHARING SERVICES OF PAYMENT SERVICE PROVIDERS IN PAYMENT SERVICES SECTOR HAS BEEN PUBLISHED
The phrases “until 30 April 2023” in the first, fifth, ninth, eleventh, seventeenth and eighteenth paragraphs of the provisional article 1 of the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers (“Regulation”) and in the first, second and third paragraphs of the temporary article 1 of the Communique on Information Systems of Payment and Electronic Money Institutions and Data Sharing Services of Payment Service Providers in Payment Services Sector (“Communique”) published in the Official Gazette dated 1 December 2021 and numbered 31676, were changed as "until 30 June 2023" and these liabilities were postponed for 2 months.
The liabilities postponed until 30 June 2023 with the amendment made in the Regulation are listed below:
The obligation of institutions operating as of December 1, 2021 to comply with the provisions that were not previously included in the abolished Regulation on Payment Services and Electronic Money Issuance and Payment Institutions and Electronic Money Institutions.
The obligation for the legal entities providing services that are in use as of December 1, 2021 but will not be considered within the scope of the fifth paragraph of Article 18 of the Law (prepaid instruments that can only be used in its own store network, only for the purchase of a certain group of goods or services, or in a certain service network as a result of an agreement) and the entities providing such services to comply with the provisions in the Regulation except for the 34th (Protection of Payment Funds) and 35th (Protection of Electronic Money Funds) articles of the Regulation,
The obligation for payment service providers who have payment accounts as of December 1, 2021 and are among the top ten participants in terms of total number of account payment transactions carried out in Bank Payment Systems in 2020, by connecting to Bankalararası Kart Merkezi A.Ş., to provide the necessary infrastructure,
The opportunity to continue providing data sharing services with specified technical requirements using non-standard services,
The obligation for individuals who were granted operating license by applying for it before 1 December 2021 and those within the scope of Article 2 above, who were granted operating license by applying for it before 1 December 2021, to comply with the provisions of the Regulation that are not implemented and the provisions of the regulations to be made by the Bank regarding the management and audit of information systems.
The liabilities postponed until 30 June 2023 with the amendment made in the Communique are listed below:
The obligation of institutions operating as of December 1, 2021 to comply with the provisions that were not previously included in the abolished Communiqué on the Management and Audit of Information Systems of Payment Institutions and Electronic Money Institutions.
The obligation of payment service providers that are among the top ten participants in terms of total number, in terms of payment transactions to accounts performed within the Bank Payment Systems in 2020 and that have a payment account as of December 1, 2021, to connect to the BKM API Gateway and provide the necessary infrastructure in accordance with the first paragraph of Article 24 of the Communiqué.
The opportunity to continue providing data sharing services with specified technical requirements using non-standard services.