LIGJI NR. 03/L-216 MBI THEMELIMIN E SISTEMIT PËR SIGURIMIN E DEPOZITAVE PËR INSTITUCIONET FINANCIARE NË KOSOVË | 03/L-216 — Kosovo law | Esheria

LIGJI NR. 03/L-216 MBI THEMELIMIN E SISTEMIT PËR SIGURIMIN E DEPOZITAVE PËR INSTITUCIONET FINANCIARE NË KOSOVË

This provision is the preamble and title of a law establishing a deposit insurance system for financial institutions in Kosovo.

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Jurisdiction
Kosovo
Instrument
Act or statute
Citation
03/L-216
Version
Undated source snapshot
Language
sq
Updated
Official source
View official record ↗
audit bank reporting banking compliance board composition board management board meetings board oversight board powers borrowing budgeting capital compliance confidentiality conflict of interest corporate governance corporate income tax exemption court expense reimbursement currency conversion definitions deposit insurance deposit insurance approval deposit insurance fund deposit insurance fund management deposit insurance fund operations +44 more

Statute overview

About this statute

This provision is the preamble and title of a law establishing a deposit insurance system for financial institutions in Kosovo. This article says the law regulates deposit insurance for individuals and legal entities, and the establishment, governance, and authority of the Deposit Insurance Fund in Kosovo. This article defines key terms used in the law, including bank, deposit, depositor, insured depositor, institution, insured event, joint account, and working capital. This provision states the objectives of deposit insurance: to protect small depositors from loss if an insured event occurs and to support the Central Bank’s goal of greater safety, solvency, and efficient operation of a stable market-based system. Financial institutions in Kosovo that accept deposits must have deposit insurance under this law. If an insured event occurs, the Fund must reimburse depositors who are not excluded by the insurance limit in articles 5 and 6.