Regulatory Alerts2019-01-24
Decision on Implementation of the Provisions of the Law on Payment Services Relating to Payment System Licensing and Consenting to Amendments to Payment System Rules
The Governor of the National Bank of Serbia issued this Decision to establish detailed procedures for licensing payment system operators and consenting to amendments to their operating rules under the Law on Payment Services. The regulation mandates specific documentation requirements for applicants, including business plans, proof of initial capital, governance descriptions, and evidence of good reputation for managing bodies and qualifying holders. It further defines eligibility criteria for directors and shareholders, ensuring that only entities capable of safe and sound payment system operation are authorized.
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