Regulatory Alerts2017-08-31
Regulation on Issuance of Licensing or Registration Certificates for Financial Institutions
The Central Bank of the Republic of Kosovo issued this regulation to standardize the form, content, and procedural requirements for licensing or registration certificates granted to financial institutions. The rule mandates that certificates be non-transferable and valid indefinitely, accompanied by an annex detailing specific financial activities, while establishing clear replacement procedures for loss, damage, or data modifications within a thirty-day decision window. Financial institutions must comply with the updated certificate format, and the CBK is required to issue new compliant certificates for all existing entities within three months of the regulation's effective date.
Share