National Bank of Rwanda - Regulation No. 06/2010 - Relating to the Oversight of Payment Systems and the Activities of Payment Service Providers

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The National Bank of Rwanda's Regulation No. 06/2010 sets forth the rules governing the oversight by the Bank of the activities of payment service providers and the payment system in the country. Specifically, the regulation outlines the duties, functions and powers of the Bank to govern over the system and providers, as well as the obligations of these these entities, in order to ensure a safe, stable, and expanding financial sector in the country. The regulation is divided into several chapters, and a stipulates provisions on the following topics:

1. General Authority to Impose Conditions
2. Authority to Approve or Remove Officers and Directors
3. Authority to Perform Inspection
4. Access to Information
5. Central Bank Role and Authority to Determine Actual Existence of a System
6. Obligation of Confidentiality of Information
7. Outsourcing of Activities
8. Liability
9. Reporting Duties
10. Oversight Fees
11. Sanctions
12. Cooperation with Other Authorities

Document Details

Document Type: 
Document Topic: 
Doument Author (Entity): 
Authoring Country: 
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Issue Status: 
Year of Document: 
2010
Date of Document: 
Thursday, December 30, 2010
Document Authors: 
National Bank of Rwanda
Language (This Document): 
English

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