Regulatory Alerts2025-03-05
Regulation on Supplementation and Amendment of the Internal Controls and Internal Audit Function Regulation for Microfinance Institutions
The Board of the Central Bank of the Republic of Kosovo has issued a regulation supplementing and amending the 2013 internal controls framework for microfinance institutions. This amendment specifically updates the qualification criteria for the head of the internal audit function, mandating recognized auditing certification, high ethical and professional standards, and adequate field experience. Microfinance institutions must comply with these updated requirements within two years, with the regulation officially taking effect on March 1, 2025.
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