Legal and Regulatory Framework

 

Laws and Regulations for Non-Bank Financial Institution operating in lending and Credit and Saving Associations.

Fondi BESA activity is based on the following legal and regulatory framework:

Law no.9662, dated 18.12.2006 amended by law no.18481, 17.11.2011 “ On Banks in Republic of Albania”.

Regulation “On granting a license to non-bank financial institutions to conduct activity”, approved by the Supervisory Council Decision No. 11 of 25/02/2009 and amended by Decision No. 43 of 15/06/2011.

“Regulation on Supervision Norms of Non-Bank Financial entities”.

The reporting system for non-bank financial institutions, approved by the Supervisory Council Decision No. 26 of 14/04/2010.

Regulation “On the management of risk in the activity of non-bank financial institutions”, approved by the Supervisory Council Decision No. 25 of 24/03/2010 and amended by the Supervisory Council Decision No. 90 of 22/12/2010.