Regulatory Alerts2014-10-30
Regulation on Licensing of Pension Fund Asset Managers
The Central Bank of Kosovo has issued this regulation to establish the licensing framework for pension fund asset managers, mandating a minimum share capital of €4 million and strict fit-and-proper criteria for directors and major shareholders. It outlines comprehensive application requirements, documentation standards, and licensing fees while granting foreign asset managers from OECD or EU jurisdictions streamlined access. The CBK must review applications within 90 days, and the regulation repeals previous licensing rules while granting indefinite, non-transferable licenses subject to prior approval for major corporate transactions and dividend distributions.
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