Regulatory Alerts2024-12-26
Decision on Detailed Conditions and Manner of Supervision of Payment Institutions, Electronic Money Institutions and Public Postal Operator
The Executive Board of the National Bank of Serbia issues this Decision to establish the detailed conditions and procedures for supervising payment institutions, electronic money institutions, and public postal operators. The regulatory framework mandates both off-site and on-site supervision methods, requiring supervised entities to provide full access to documentation, data, and personnel while defining specific protocols for reporting irregularities and imposing corrective measures. The Decision outlines a graduated enforcement regime ranging from recommendations and warnings to special measures, including the appointment of temporary representatives, and ultimately license revocation for serious non-compliance.
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