Regulatory Alerts2012-04-05
Regulation on Kosovo Insurance Bureau Reporting and Oversight Standards
The Board of the Central Bank of the Republic of Kosovo issued this regulation to standardize reporting and oversight for the Kosovo Insurance Bureau. It requires the Bureau to submit detailed monthly, quarterly, and annual financial reports on the Compensation Fund and Green Card Guarantee Fund while adhering to strict budget approval deadlines. Additionally, the framework mandates Central Bank vetting of external auditors and fit-and-proper key personnel, enforcing compliance through regular examinations and clearly defined reporting timeframes.
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