Regulatory Alerts2020-04-30
Regulation on the Registration of Non-Banking Financial Institutions
The Board of the Central Bank of the Republic of Kosovo issued this regulation to establish comprehensive conditions, procedures, and time limits for registering non-banking financial institutions across specified activities such as lending, leasing, payment services, and electronic money issuance. The framework mandates minimum capital thresholds ranging from EUR 10,000 to EUR 350,000 depending on the chosen activity, alongside strict documentation requirements for shareholders, senior management, and internal risk controls. It grants the CBK exclusive authority to approve registrations, pre-approve specific transactions, and supervise ongoing compliance while permitting registered institutions to operate through agents or expand into additional financial services under defined conditions.