Rules and regulations approved in 2008

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Regulation no.14 "On granting the license and the exercise of banking activity of banks and branches of foreign banks in the Republic of Albania"

The purpose of this Regulation is to set out the conditions, requirements, terms, documentation and procedures for: a.granting the license to the bank and the branch of a foreign bank to carry out banking and financial activity in the Republic of Albania; b.the approval of the ad...

Aproved by Supervisory Council Entered into force 08.05.2009

Regulation no 43 "On the minimum required reserve held with the Bank of Albania by commercial banks"

Regulation "On the minimum required reserve held with the Bank of Albania by commercial banks" provides the guidelines and the obligations of the commercial banks to meet the minimum reserve requirements. This regulation is approved upon decision of the Supervisory Council, no.1...

Aproved by Supervisory Council Entered into force 28.08.2008

Regulation No 11 "On Electronic Payment Instruments"

The purpose of this regulation is to set out: 1.The transparency standards versus the client on the terms, the rules and the procedures of carrying out the payments through the electronic payment instruments on the Republic of Albania. 2.The types of electronic payment instrume...

Aproved by Supervisory Council Entered into force 03.03.2008

Rules no 24 "On the Internal Audit System of banks and foreign banks’ branches"

The scope of this regulatory policy is to determine a set of rules on the organization and the operation of the internal audit system of the bank and foreign banks’ branches, on the audit system’s structures and components, as well as on the supervisory procedures conducted on th...

Aproved by Supervisory Council Entered into force 26.04.2008

Regulation no 38 "The Approval of Oversight Policy Document for Payment and Settlement Systems"

The purpose of this public policy is to make clear to the public: a)The oversight objectives of the payment and settlement systems...

Aproved by Supervisory Council Entered into force 18.06.2008

Regulation no 42 "On the Structure and the Use of the International Bank Account Number (IBAN)"

The purpose of this Regulation is to set out the structure of the International Bank Account Number - IBAN, the relationships between the bank and/or branch of foreign banks and their customers relevant to the generation, capture, recognition and use of IBAN in the Republic of Al...

Aproved by Supervisory Council Entered into force 28.08.2008

Regulation no 60 "For the minimum requirements of disclosing information from banks and foreign bank branches"

The purpose of this Regulation is to set out the minimum requirements, the methods and timelines associated with the information that needs to be published in the periodical reports of banks and foreign bank branches with the view to enhancing transparency and promoting disciplin...

Aproved by Supervisory Council Entered into force 01.10.2008

Regulation no 59 "On the transparency for banking and financial products and services"

The purpose of this regulation is to set out the requirements concerning the way and form of providing information to the client about banking and financial products and services offered by the entities of this regulation with the intention to insure transparency and the client&r...

Aproved by Supervisory Council Entered into force 01.10.2008

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