Regulatory Alerts2026-08-27
Added
Regulation on the establishment of requirements for credit transfers and direct debits transactions in euro
This Regulation, approved by the Board of the Central Bank of the Republic of Kosovo on August 27, 2026, establishes requirements for payment service providers (PSPs) concerning credit transfer and direct debit transactions in euro within Kosovo and between Kosovo and the SEPA area. PSPs must use specific payment account identifiers (BBAN or IBAN) and ISO 20022 XML message formats for these transactions. The regulation mandates that PSPs offering credit transfers must also offer instant credit transfers, ensuring all reachable accounts are accessible 24 hours a day, any calendar day, with payee's PSPs making funds available within 10 seconds. It also grants payers rights to limit direct debit collections, verify transactions, and block or authorize specific direct debits, and requires payer's PSPs to offer a payee verification service for credit transfers.
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