Regulatory Alerts2018-11-29
Regulation on Factoring
The Board of the Central Bank of the Republic of Kosovo issued this regulation to establish comprehensive legal and operational requirements for licensed entities conducting factoring activities. It mandates written factoring contracts that clearly specify transaction types, fee structures, and the respective rights and obligations of factors, suppliers, and purchasers. The framework further standardizes licensing criteria, risk management protocols, and ongoing reporting obligations for both banks and non-banking financial institutions engaged in receivables purchasing.
Share