Regulatory Alerts2025-02-25
Decision on Detailed Conditions and Manner of Supervision of Operations of Payment Systems
The National Bank of Serbia issues this Decision to establish the detailed conditions and procedures for supervising payment system operators to ensure compliance with the Law on Payment Services. The regulatory framework mandates both off-site and on-site supervision methods, requiring operators to provide full access to documentation, premises, and personnel while defining specific actions that constitute non-cooperation. Furthermore, the Decision outlines a graduated enforcement regime ranging from recommendations and warnings to the imposition of fines, special measures, and the appointment of temporary representatives to address irregularities and financial deterioration.
Share