Regulatory Alerts2026-07-03
Added
Regulation on the authorization, granting preliminary approvals and governance of payment institutions and electronic money institutions and for the registration of account information service providers
The Central Bank of the Republic of Kosovo establishes the conditions, requirements, procedures, and time limits for authorizing payment institutions and electronic money institutions, registering account information service providers, and granting preliminary approvals for specific transactions. The regulation mandates that applicants provide detailed information regarding identification, programs of operation, business plans, organizational structures, and evidence of initial capital, while requiring minimum paid-in capital contributions to be made in cash with verified legal sources. It further outlines obligations for safeguarding user funds through separate bank accounts, insurance policies, or guarantees, and defines the governance and management responsibilities for these entities.