Regulatory Alerts2018-12-05
Decision on the Manner and Criteria for Determining Important Payment Systems
The Governor of the National Bank of Serbia issued this Decision to establish the specific criteria and procedures for designating payment systems as important. The National Bank assesses a system's potential to jeopardize financial stability based on factors such as monetary policy implementation, settlement of monetary liabilities, daily turnover exceeding one billion dinars, and processing of high-value payment services. Upon designation, operators must adjust their operating rules within two months, while the status is revoked if conditions are no longer met or the license expires.
Share