Regulatory Alerts2025-03-05
Regulation on the Supplementation and Amendment of Internal Controls and Internal Audit for Non-Bank Financial Institutions
The Board of the Central Bank of the Republic of Kosovo issued this regulation to supplement and amend the 2018 framework governing internal controls and internal audit for non-bank financial institutions. The amendment specifically revises the qualification and certification requirements for the head of the internal audit function, mandating adherence to statutory registration criteria, recognized auditing certifications, and strong professional ethics. Entering into force on March 1, 2025, the updated provisions grant non-bank financial institutions a two-year transitional period to achieve full compliance while all other existing regulatory provisions remain operative.
Share