Regulatory Alerts2013-01-17 | 1/2013Regulation 1/2013 on Licensing and Activity of Non-Bank Financial Institutions (Integrated Version)
The Bank of Albania’s Supervisory Council has issued an integrated regulation establishing comprehensive licensing, operational, and supervisory requirements for non-bank financial institutions and microcredit entities in Albania. The framework designates the central bank as the sole licensing authority, mandates activity-specific minimum capital thresholds ranging from five to one hundred million Albanian lek, and prescribes strict documentation, legal form, and capital source verification procedures. It further standardizes the processes for granting prior approvals, issuing notifications during operations, revoking licences, and liquidating credit portfolios created under the granted financial activities.
Share