Regulatory Alerts2014-12-29
Regulation on Licensing of Supplementary Employer Pension Funds
The Central Bank of Kosovo issued this regulation to establish the licensing framework for supplementary employer pension funds, defining eligibility criteria, documentation standards, and procedural timelines. Applicants must demonstrate legal registration, financial stability, and fit-and-proper management while submitting comprehensive records including audited statements, business plans, and actuarial valuations to secure an indefinite, non-transferable license. The Central Bank will review complete applications within ninety days, retain authority to suspend or revoke licenses for non-compliance or fraud, and guarantee judicial appeal rights for denied or terminated providers.
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