Awards and trophies of the Olympic Committee of Serbia are granted to athletes, national teams, and other individuals for outstanding sports achievements and contributions to the development and advancement of sport, the Olympic movement, and the promotion of Olympism in Serbia.

The Executive Board of the OCS adopts the criteria for selecting the most successful athletes, teams, and coaches, which define in detail the conditions for awarding OCS recognitions.

The final decision is made by the Executive Board, based on the proposal of the Awards Commission, which nominates candidates according to the previously adopted criteria.

The awards are presented by the President of the Olympic Committee of Serbia.