Regulatory Alerts2025-03-05
Regulation on Supplementation and Amendment of the Internal Controls and Internal Audit Regulation
The Board of the Central Bank of the Republic of Kosovo has issued a regulation amending and supplementing its 2012 Internal Controls and Internal Audit framework. The amendment specifically updates the qualifications for the head of the internal audit function, mandating compliance with senior management criteria, possession of recognized auditing certifications, and proven ethical standing alongside relevant banking and audit experience. Banks must fully comply with these updated requirements within one year of the regulation's effective date on March 1, 2025.
Share