Regulation 104/2016 ''On licensing and activity of savings and loan associations and their Unions'', integrated version

Type: Rules
Approved by: Supervisory Council
Number: 104
Date: 05.10.2016
Enter into force: 08.08.2019
Published in: Official Journal
on: 24.07.2019
Category: Licensing
Department: Banking Supervision

The purpose of this Regulation is to lay down the conditions, requirements, time frame, documentation and procedures on: licensing of savings and loan associations and their Unions to perform financial activities in the Republic of Albania; granting prior approval during the exercise of the activity of savings and loan associations and their Unions; obligation to notify the Bank of Albania during the execution of the activity of savings and loan associations and their Unions; defining the criteria for the bodies of the savings and loan associations and their Unions; legal reorganization of the savings and loan associations and their Unions.

Note: Amendments to this Regulation according to Decision 48/2019 of the Supervisory Council, shall enter into force on 08.08.2019, with the exception of article 33/1 of the Regulation, which shall enter into force on 31.12.2019.