The purpose of this Rule is to define the structure and format of data to be submitted by member banks in order to determine accurately and quickly insured deposits and regular participation in testing of software, depositor compensation system (hereinafter: DCS).
This Rule is authorized under Article 24 of Law No. 03/L-216 on the Establishment of a Deposit Insurance System for Financial Institutions in Kosovo (hereinafter LDI), as amended by Article 19, paragraph 1 of Law No. 04/L-133 Amending and Supplementing Law No. 03/L0-216 on the Establishment of a Deposit Insurance System for Financial Institutions in Kosovo” (hereinafter amended LDI).
The rule on the quarterly reporting serves the purpose to determine the total amount of the insured deposits of the banks which amount is the basis for calculating the ongoing premiums that the member banks pay to DIFK.
The Rule is authorized under Article 24 paragraph 1 of LDI, Law No.03/L – 216, (Article 19 of the amended LDI, Law No.04/L-133), Article 14 paragraph 1.1 (Article 11, paragraph 1, subparagraph 1.1 of the Amended LDI) and Article 19 paragraph 1.4 of the LDI, and Article 23 of the LDI (Article 18 of the amended LDI) and it applies to all deposit-taking Financial Institutions that are members of the Deposit Insurance Fund of Kosovo.
The rule determines the calculation method and payment schedule of initial and ongoing deposit insurance premiums by member banks.
The Rule is authorized under Articles 9, 10, 11, 14, 16, 19, 22 and 31 of the LDI, Law Nr.03/L-216, and applies to all deposit-taking financial institutions.
The Rule defines a transparent range of applicable administrative sanctions consistent with the powers of DIFK under the LDI, Law Nr.03/L-216, in case that member banks do not comply with the LDI and amended LDI and rules promulgated thereunder.
Rule is authorized under Article 23 of the LDI, Law Nr.03/L-216, and Article 18 of the amended LDI, Law No.04/L-133.
The Rule prescribes the manner of informing and the contents of information on deposit insurance, which members of DIFK are obliged to provide to their current and prospective clients.
The Rule is authorized under Article 19 Paragraph 1, Subparagraph 1.4, of the LDI, Law No. 03/L-216, and Article 19, of the Amended LDI, Law No. 04/L-133.