Regulatory Alerts2024-12-25
Decision on Capital and Capital Adequacy of Payment and Electronic Money Institutions
The Executive Board of the National Bank of Serbia issued this Decision to establish the regulatory framework for the initial capital and ongoing capital adequacy requirements of payment and electronic money institutions in Serbia. The document specifies minimum initial capital thresholds, such as EUR 20,000 for money remittance services and EUR 350,000 for electronic money issuance, while mandating that institutions maintain capital levels based on calculated requirements derived from payment volumes or outstanding electronic money liabilities. It further details the composition of core and supplementary capital, including specific inclusions and deductibles, and grants the National Bank of Serbia the authority to adjust capital requirements by up to 20% based on risk management and governance assessments.