Regulatory Alerts2016-03-31
Regulation on Risk Retention and Reinsurance Coverage Requirements
The Board of the Central Bank of the Republic of Kosovo issued this Regulation on 28 February 2025 to amend and supplement the base regulation governing internal controls and audit for insurers. It establishes updated technical requirements for internal audit unit members and the head of the internal audit function, mandating specific licensing criteria, recognized certification bodies, and proven professional experience. Insurers must achieve full compliance within one year of the regulation's entry into force on 1 March 2025, while all other base provisions remain unchanged.
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