Regulatory Alerts2016-10-31
Regulation on the Custodian of Pension Assets
The Central Bank of the Republic of Kosovo issued this regulation to establish comprehensive criteria, duties, and operational guidelines for licensed pension asset custodians serving Kosovo’s primary and supplementary pension funds. It mandates that each pension fund appoint a single, fiduciary custodian through competitive international bidding while requiring strict asset segregation, detailed written agreements, and robust internal control systems for both domestic entities and OECD-licensed foreign providers. The framework enforces strict reporting obligations, fraud prevention measures, and remedial actions for violations, officially replacing the 2007 custody rule upon its November 15, 2016 effective date.
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