Regulatory Alerts2026-07-03
Added
Regulation on Outsourcing
The Central Bank of the Republic of Kosovo approved a regulation establishing an internal governance and risk management framework for outsourcing, specifically targeting critical or important functions. The regulation applies to banks, electronic money institutions, payment institutions, microfinance institutions, and non-bank financial institutions, requiring them to define criticality criteria, maintain an outsourcing register, and ensure management bodies retain full responsibility for compliance. It mandates the development of outsourcing policies, conflict of interest management, and documented exit plans for critical functions, while allowing for centralized monitoring within groups or institutional protection schemes under specific oversight conditions.