Provides financial services, in Uganda

National Payment Systems Regulations, 2021 (S.I. No. 18 of 2021), reg. 22(4) · Read the law's page

• This binds an electronic money issuer licensed by the Bank of Uganda under the National Payment Systems Act, 2020 (reached by declaring that you are a payment or e-money provider).
• Notify the Bank of Uganda in writing no later than twenty-four hours from the occurrence of suspected or confirmed fraud relating to the electronic money service, security breaches, material service interruption or other significant issues that may affect the safety and efficiency of the electronic money service (regulation 22(4)(a)).
• Notify the Bank of Uganda in writing within the same twenty-four hours of any loss of confidential data (regulation 22(4)(b)).
• Notify the Bank of Uganda in writing within the same twenty-four hours of any other occurrence from which the Bank may request information (regulation 22(4)(c)).

National Payment Systems Regulations, 2021 (S.I. No. 18 of 2021), reg. 32(1)-(3) · Read the law's page

• This binds every licensee of the Bank of Uganda under the National Payment Systems Act, 2020, meaning a payment system operator, payment service provider or issuer of a payment instrument (reached by declaring that you are a payment or e-money provider).
• Put in place a risk management framework with measures to mitigate the risks that arise in the operation and provision of payment system services (regulation 32(1)).
• Comply with the risk management requirements, including technical standards, that the Bank of Uganda or another competent authority issues through guidelines or directives (regulation 32(2)).
• Comply with the international payment system standards prescribed in Schedule 6 to the Regulations (regulation 32(3)).