Regulatory Alerts2026-07-03
Added
Regulation on the criteria on how to stipulate the minimum monetary amount of the professional indemnity insurance or other comparable guarantees
The Board of the Central Bank of the Republic of Kosovo establishes the criteria, indicators, and calculation formula for the minimum monetary amount of professional indemnity insurance or comparable guarantees required from entities applying for authorization as payment initiation service providers or registration as account information service providers. The regulation mandates that entities calculate this amount based on risk profile, activity type, and size indicators, with a minimum floor of EUR 50,000 for specific forecasted values if no data is provided. Entities must recalculate these amounts annually by January and report the components and minimum monetary value to the Central Bank by the end of February each year. Any violation of these provisions is subject to corrective measures and administrative penalties as defined in the Law on the Central Bank of the Republic of Kosovo and the Law on Payment Services.