Regulatory Alerts2024-12-17
Regulation on Procedures for Imposing Administrative Penalties
The Central Bank of Kosovo has issued a regulation establishing standardized procedures for imposing administrative penalties on supervised financial institutions and entities. The process is initiated by a Preliminary Notice based on departmental reports, granting recipients fifteen days to request a formal review and optional hearing before the Complaints Division. Upon completing the review, the Executive Board issues final binding decisions that may impose daily monetary fines for ongoing violations, supersede the 2019 framework, and remain subject to court appeal.
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