S/C/N/ 1097 
28 February 2022  
(22-1872) Page: 1/2 
Council for Trade in Services  Original:  English  
 
  
NOTIFICATION PURSUANT TO ARTICLE III:3 OF THE  
GENERAL AGREEMENT ON TRADE IN SERVICES  
The following notification, dated  24 February 2022, from the delegation of Albania , is being circulated 
to Members of the Council for Trade in Services . 
 
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1  MEMB ER NOTIFYING : 
Albania  
2  NOTIFICATION UNDER : 
Article III:3 of the General Agreement on Trade in Services   
3  DATE OF ENTRY INTO FORCE : 
20 June 2020  
3.1  Duration:   
Indefinite  
4  AGENCY RESPONSIBLE FOR ENFORCEMENT OF THE MEASURE : 
Albanian Financial Supervisory Authority (AFSA)  
5  DESCRIPTION OF THE MEASURE : 
Measure :  
Law 56/2020 "On collective investment undertakings ". 
 
Description : 
The law "On Collective Investment Undertakings " regulates:  
a. Establishment, registration and activity of fund management companies, management 
companies of collective investment undertakings with public offer and alternative 
investment fund management companies in the Republic of Albania;  
b. Establishment, registration  and activity of depositors of collective investment undertakings 
in the Republic of Albania;  
c. Establishment, registration and activity of collective investment undertakings in the 
Republic of Albania;  S/C/N/10 97 
 
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  d. Sale and marketing in the Republic of Albania of collec tive investment enterprises 
established in the Republic of Albania or abroad, through fund management companies, 
domestic or foreign;  
e. Marketing and administration of collective investment undertakings outside the Republic 
of Albania by management companies  established in the Republic of Albania.  
The law "On Collective Investment Undertakings " applies to all licensed entities, recognized or 
registered by the Authority, that perform activities or are related to the performance of fundraising 
activity, in orde r to diversify the risk, according to the provisions of this law, including: collective 
investment undertakings, management company, alternative investment fund manager, foreign 
management company branch, domestic company branch in a foreign country, forei gn alternative 
investment fund manager, depository or depository of alternative investment funds, sales agents / 
distributors in the Republic of Albania, as well as any other entity that performs the above activities 
without the approval and licensing give n by the authority, in accordance with the requirements of 
this law.  
 
The regulations approved in accordance of this law are:  
a. Regulation no. 112, dated 31.08.2020 "On licensing and additional licensing rules of fund 
management companies, depositors of coll ective investment undertakings, licensing and 
registration of collective investment undertakings established in the Republic of Albania ". 
b. Regulation no.132, dated 30.09.2020 "On the form, calculation and amount of its own 
funds that the fund management com pany must have ". 
c. Regulation no.133, dated 30.09.2020 "On communication with investors ". 
d. Regulation no.156, dated 23.10.2020 "On risk management by the fund management 
company ". 
e. Regulation no.189, dated 16.12.2020 "On the suspension, closure, taking into 
administration and liquidation of fund management companies, depositories and collective 
investment undertakings with public offers, as well as on the replacement of fund 
management companies and depositories ". 
f. Regulation no. 2, dated 27.01.2021 "On the operation of collective investment 
undertakings established in the Republic of Albania by fund management companies and 
depositors ". 
g. Regulation no. 106, dated 30.06.2021 "On investment and borrowi ng of licensed collective 
investment undertakings with public offer ". 
h. Regulation no. 107, dated 30.06.2021 "On the content, timelines and form of the reports 
for the Collective Investment Undertakings , Management Companies and Depositories ". 
i. Regulation no. 108, dated 30.06.2021 "On master feeder funds ". 
6  MEMB ERS SPECIFICALLY AFFECTED, IF ANY : 
None 
7  TEXTS AVAILABLE FROM : 
https://amf.gov.al/pdf/ligje/LawonCIUs.pdf  
 
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