–– Ödeme Hizmetleri ve Elektronik Para İhracı ile Ödeme Hizmeti Sağlayıcıları Hakkında Yönetmelikte Değişiklik Yapılmasına Dair Yönetmelik
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This regulation updates rules regarding payment services and electronic money in Turkey, specifically changing the times for calculating electronic money protection account balances and allowing for interest accrual on these funds. It affects payment service providers and users of electronic money services.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- The calculation time for electronic money protection account balances has been changed from 15:00 to 16:30 and from 11:00 to 12:00.
- Interest can now be accrued on electronic money protection accounts.
- Payment service providers must keep funds from electronic money issuance separate and cannot use them for purposes other than specified.
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Obligations
What this law requires
Calculate electronic money protection account end-of-day balance at 16:30 on full business days and 12:00 on half business days
Allow overnight interest accrual on electronic money protection account balances without violating fund protection requirements
Segregate and track funds received in exchange for electronic money issuance separately from all other funds and prohibit use for purposes other than those specified
Maintain records of funds received for electronic money issuance on a customer-by-customer basis, except for anonymous prepaid instruments
Prohibit use of funds received for electronic money issuance as collateral or security