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Author: Ingrid Ulst

financial services legislation. Keywords consumer loan, cross-border services, electronic money, financial services, payment instrument, prepaid card, retail lending, SMS loan 1. Introduction Innovative financial solutions are often said to be always one step ahead of regulation and existing legal

In: Review of Central and East European Law

Ordonnance 17 of 12 Jul 2006 (freedom of the press). Replaces 1991 law. Ordonnance 31 of 23 Apr 2006 (payment instruments and electronic commerce). This is also an anti-terrorism law.  

In: Foreign Law Guide
Authors: Karagoussov and Suleimenov

Abstract

Legal support for the securities market falls within the state's activities in the person of its agencies for the purpose of enacting relevant legislation creating the necessary conditions under which securities can circulate in the most effective and appropriate manner. The state interests can thereby correspond to the needs of the public to the maximum extent, according to the objective economic laws for the development of any market-oriented society. In our case, the term "legislation" (zakonodatel'stvo) includes all the laws of the Republic of Kazakhstan, Presidential Edicts, and decrees of the Kazakhstani Government, as well as any normative legal acts enacted by the National Securities Commission and other national executive bodies within their authorities. When dealing with legal support for the securities market, we first need to specify that such a market is understood by us as a field where certain pecuniary debt obligations, rights of participation in capital and management circulate (i.e., are sold and purchased) with respect to business entities set up in specific organizational and legal forms. The aforementioned types of property rights in the securities market are certified by a special type documents called securities, or by other methods certifying property rights established by law (e.g., non-documentary securities).As they are basically a form of certain civil law relations, not all types of securities may circulate in the securities market. In particular, mortgage certificates, bills of lading, and other types of commodity instructional documents recognized by Kazakhstani law circulate in the commodity markets, including a commodity exchange. In turn, the securities market, being an element of the financial market, includes the following types:- the capital market, where stocks and bonds are sold and purchased and where other obligations circulate relating to the attraction of funds for setting up enterprises and developing business activities, as well as for solving national or local (oblast') economic, social and cultural problems; and- the money market, where short-term monetary obligations (promissory notes, bills of exchange, checks) circulate, performing the function of payment instruments by means of delayed or split (by installments) payments.In this article, we will research the issue of legal support for the capital and money markets in the Republic of Kazakhstan.

In: Review of Central and East European Law

Switzerland. Subject Searches: Foreign exchange--Law and legislation--Switzerland.Money--Law and legislation--Switzerland. Primary Sources [Regulates currency and payment instruments] Loi fédérale sur l'unité monétaire et les moyens de paiement, 22 Dec 1999. (RS 941.10). https

In: Foreign Law Guide

combating violations of use of checks, credit cards and other electronic payment instruments) in Journal Officiel16 Jul 2009 no. 29. Official text on the Journal officiel library of Legiburkina at http://www.legiburkina.bf/. Loi 52/2009/AN (implementing the International Criminal Court (Rome Statute

In: Foreign Law Guide

of 23 Apr 2006 (payment instruments and electronic commerce). This is also an anti-terrorism law. Loi 22 of 26 Jan 1993 (regime on recovery of debts/claims of banks and credit establishments). Replaces 1982 law. Statuts de la Banque Centrale des Etats de l’Afrique de l’Ouest of 2 Nov 1962 (governing

In: Foreign Law Guide

Dec 2011.        https://www.centralbank.go.ke/images/docs/legislation/NATIONAL%20PAYMENT%20SYSTEM%20ACT%20%28No%2039%20of%202011%29%20%282%29.pdf. Regulates payment instruments issued by licensed financial institutions.      --  Unclaimed Financial Assets Act, 2011, No. 40, (enacted) 16 Dec 2011

In: Foreign Law Guide

services and electronic payment instruments). Translated in 2007 Hungarian rules of law in force 435. Implements EU directives 97/5, 97/7 and 2002/65. Abrogates Decree 232 of 2001. Act CXVI of 9 Jul 2012 (financial transactions tax or “levy” on all payment service provisions, with some exemptions). This

In: Foreign Law Guide

decree 232 of 10 Dec 2001 (money circulation, financial transaction services and electronic payment instruments). Translated in 2002 Hungarian rules of law in force 589. Law XXXV of 29 May 2001 (electronic signatures and digital technologies) in Magyar Közlöny 2001 pg. 4,137. Translated in 2001 Hungarian

In: Foreign Law Guide

-letter” letter law relating to banking, so covering areas such as the banker/customer relation, payment instruments and transfer of funds, and loans and security.  Works with titles such as “banking law” will usually cover regulatory issues, but not necessarily in the same depth as those on financial services

In: Foreign Law Guide