Decision No. 82, ''On the licensing, regulation and supervision of payment system and clearing house operators''

Type: Rules
Approved by: Supervisory Council
Number: 82
Date: 04.11.2015
Enter into force: 01.12.2015
Published in: Official Journal
on: 16.11.2015
Category: Payment Systems
Department: Payment Systems, Accounting and Finance Department

The regulation aims to guarantee the safety, stability, well-functioning and efficiency of payment system and clearing house operators. The objective mentioned above is to be achieved through the definition of criteria and principles for a) the licensing; b) the granting of prior approvals by the Bank of Albania and the obligation of operators to inform the Bank of Albania throughout the conduction of their activity, and c) the regulation and oversight of the operators during the conduction of the activity. Regulatory entities are legal persons who seek to perform payment system and clearing house activities.