Regulation No. 1999/21 on Bank Licensing, Supervision and Regulation

This regulation is for establishing controls for the licensing, supervision and regulation of banks by the Banking and Payments Authority of Kosovo (BPK). It applies to banks and financial institutions, their shareholders, administrators, employees, agents and affiliated entities.

The regulation states that no banks and financial institutions would operate without an effective license from the BPK.

The document provides details of the following:

• The licensing responsibility of the BPK;
• The minimum capital requirements and license applications for banks;
• Licensing and revocation of license decisions for banks;
• Capital requirements;
• Ownership and holding restrictions with regard to equity and stakes in judicial persons or undertakings;
• Governance and administration for the banks;
• Committees and their responsibilities;
• Permitted and prohibited activities for the banks;
• Prudential requirements for banks;
• Scope of financial activities that the banks might undertake;
• Accounts and statements, audit, reporting and inspection for the banks;
• Infractions, penalties and remedial measures for the banks;
• Receivership and related issues.