EE
Description of and requirements for continuous operation of payment service and cash circulation
Statutory Text (5 Articles)
This Decree establishes the description of and requirements for the continuous operation of payment services and cash circulation.
The decree shall be applied to all institutions listed in section 2 of the Eesti Pank Governor’s Decree No 3, 25.01.2013, “List of credit institutions and branches of foreign credit institutions providing a vital service” in the provision of domestic payment services and regulation of cash circulation.
Payment services as vital services are the services specified in clauses 3 (1) 3), 4) and 7) of the Payment Institutions and E-money Institutions Act.
Cash circulation as a vital service entails the services specified in clauses 3 (1) 1) and 2) of the Payment Institutions and E-money Institutions Act.
(1) In order to ensure continuous operation of the core information systems and equipment required for the functioning of a vital service, the provider of the vital service shall adhere to at least the following requirements
1) a back-up power supply connection shall be available for the information systems used for provision of the vital service, equipped with an autonomous power supply system;
2) a back-up system shall be available for data communication between the information systems used for provision of the vital service and the provider of the communication service;
3) in case of critical activities, the allowed maximum duration of an interruption in the provision of payment services shall be 12 hours;
4) in case of critical activities, the allowed maximum duration of an interruption in cash circulation shall be 12 hours;
5) a continuous operation plan shall be prepared with the aim of restoring provision of a vital service in the extent of at least 70% of the average number of transactions;
(2) Where the information systems securing the functioning of a vital service are located in a foreign country, the continuous operation plan shall describe the alternative means and measures for ensuring continuous operation of the vital service.