National Bank of Rwanda - Regulation No. 03/2015 - On Administrative Sanctions Applicable to the Payment Systems Operators & Payment Service Providers

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The National Bank of Rwanda's Regulation No. 03/2015 applies to payment service providers and payment systems operators in the country that violate the provisions of the laws, regulations and directives governing the payment systems and the payment services. The regulation outlines the administrative sanctions, including disciplinary and pecuniary sanctions, for such entities. Pursuant to the laws and regulations that establish sanctions applicable to banks and micro finance institutions, this regulation is not applicable to these institutions. The regulation is divided into several articles, and sets forth provisions on the following topics:

1. Determination of Sanctions
2. Disciplinary Sanctions
3. Disciplinary Sanctions Applicable to Directors and Managers
4. Pecuniary Sanctions
5. Recovery of the Sums Related to the Penalties Imposed

Document Details

Document Type: 
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Year of Document: 
2015
Date of Document: 
Monday, March 30, 2015
Document Authors: 
National Bank of Rwanda
Language (This Document): 
English

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