Regulatory Alerts2022-10-10
Decision on Implementation of Provisions of the Law on Payment Services Relating to Issuing of Licenses and Approvals of the National Bank of Serbia
The Executive Board of the National Bank of Serbia issues this Decision to establish detailed procedures for granting licenses to payment and electronic money institutions and approving their management personnel. The regulation mandates comprehensive documentation for applications, including business plans, risk assessments, capital evidence, and strict anti-money laundering due diligence for qualifying holders. It further specifies the eligibility criteria for directors and managing body members, requiring proof of good reputation, professional qualifications, and immediate notification of any personnel changes.
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