Regulatory Alerts2022-12-21 | 57/2022Regulation 57/2022 on Carrying Out Activity and Supervision of Electronic Money Institutions
The Bank of Albania’s Supervisory Council issued Regulation 57/2022 to establish comprehensive operational and supervisory rules for electronic money institutions and banks acting as electronic money issuers. The regulation mandates robust risk management frameworks, independent internal audit and compliance functions, and strict capital adequacy and fund safeguarding requirements to ensure financial stability. It supersedes the 2008 regulation on electronic payment instruments and takes effect on March 1, 2023.
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