Law / Uganda

National Payment Systems Regulations, 2021, Licensee Risk Management

National Payment Systems Regulations, 2021 (S.I. No. 18 of 2021), reg. 32(1)-(3)

archived copy

Read from a public archive copy, not the publisher directly. The publisher does not serve this page to automated readers, so a direct fetch was not an option here; how we access sources. Archived 2024. Publisher's page: https://archive.gazettes.africa/archive/ug/2021/ug-government-gazette-statutory-instruments-supplement-dated-2021-03-05-no-9.pdf

In force.

A sector security regimes rule binding private bodies.

Private right of action

No

Instrument type

a regulation made under an act

Obligation class

Security, Governance

As of 25 October 2026.

What it requires

• 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)).

These lines are LexLint's reading of the law's text, as of 25 October 2026.

Who enforces it

When LexLint raises it

When your app profile says your app is a payment provider.

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