Regulatory Alerts2019-01-09
Decision on Initial Capital, Own Funds and Capital Requirements of a Payment System Operator
The Governor of the National Bank of Serbia issued this Decision to establish the calculation methods and reporting obligations for the initial capital, own funds, and capital requirements of payment system operators. The regulation mandates a minimum initial capital of EUR 1,000,000 and sets capital requirements at 10% of revenues derived from individual payment systems, while defining specific components for Tier 1 capital and reserves. This instrument repeals the previous 2015 decision and entered into force in December 2018 with application starting in March 2019.
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