Regulatory Alerts2020-06-12
Regulation on the Registration of Microfinance Institutions
The Board of the Central Bank of Kosovo issued this regulation to establish comprehensive conditions, procedures, and deadlines for registering microfinance institutions and foreign branches. It mandates a minimum capital of 200,000 euros, requires detailed documentation regarding shareholders, management qualifications, and capital sources, and sets a 90-day review period for approval decisions. Approved entities must commence operations within six months, maintain the required capital levels, and remain subject to ongoing supervision and potential registration revocation by the CBK.
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