Regulatory Alerts2025-07-14
Decision on Detailed Conditions and Manner of Appointing Key Function Holders in Banks
The Executive Board of the National Bank of Serbia issued this Decision to establish detailed conditions and procedures for appointing key function holders in banks. The regulation mandates that banks identify key functions, ensure holders possess good business reputation and appropriate qualifications, and submit applications for prior consent to the regulator for critical roles. It further requires regular and extraordinary assessments of these holders, strict timelines for reporting appointments or removals, and the designation of temporary replacements to ensure operational continuity.
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