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For years, the European Union has been taking measures related to the decarbonization of industry, i.e. the reduction and, in the long term, elimination of CO2 emissions. Examples include the EU Emissions Trading System, which has been in place since 2005, or the regulations on industrial emissions of 2010.

Given the growing emphasis on sustainability and responsible business practices, obligations in the field of ESG are becoming increasingly significant. The banking sector is emerging as one of the key players in this transformation, with evolving regulatory frameworks influencing its operations.

With the adoption of the Law on the Central Register of Beneficial Owners (“Official Gazette of the RS”, No. 19/2025), which entered into force on 14 March 2025, the legal framework governing this area has undergone significant changes. The application of most provisions is postponed until 15 September 2026, while certain provisions are applicable earlier.

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