Decisions taken on Národná banka Slovenska’s 23rd meeting of 2015

Bratislava, Slovak Republic,  18-12-2015 — /EuropaWire/ — The Bank Board of Národná banka Slovenska today (15 December) held its 23rd meeting of 2015, which was chaired by Jozef Makúch, the NBS Governor.

The Bank Board of NBS took note of NBS’s December 2015 Monthly Bulletin, December 2015 Report on the International Economy and December 2015 Report on the Slovak Economy, each of which will be published on NBS’s website.

The Bank Board approved a Decree of Národná banka Slovenska on reporting by insurance undertakings that are subject to a special regime.

The Bank Board approved a Decree of Národná banka Slovenska on how insurance undertakings subject to a special regime are to demonstrate compliance with the conditions for the issue of an authorisation to conduct insurance business.

For insurance undertakings subject to a special regime under Articles 167 to 187 of Act No 39/2015 on insurance which are in the process of applying to NBS for an authorisation to conduct insurance business, the Decree specifies precisely which documents they are to submit to NBS in order to prove their compliance with the statutory conditions for the issue of the authorisation. Such undertakings are not subject to the new authorisation regime established in accordance with Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II), as amended (OJ L 335, 17.12.2009).

The Decree will enter into force on 1 January 2016.

The Bank Board approved a Decree of Národná banka Slovenska amending Decree No 8/2012 on fees for acts performed by Národná banka Slovenska, as amended.

The main purpose of the Decree is to update that part of the Annex to NBS Decree No 8/2012, as amended, which concerns the conduct of insurance and reinsurance business. The Decree sets the level of fees for acts that NBS will perform for the relevant financial market entities in accordance with Act No 39/2015 Coll. on insurance (and amending certain laws). It also sets fees for certain acts that NBS performs in the sector of consumer credits and other credits and loans to consumers.

The Decree will enter into force on 1 January 2016.

The Bank Board approved a Decree of Národná banka Slovenska on the own funds of pension funds management companies.

The purpose of the Decree is to ensure that, from 1 January 2016, the information about pension funds management companies reported to NBS in accordance with the statement template is transmitted through the Statistics Collection Portal. In addition, the Decree changes the form of the implementing regulation, from its original generally-binding regulation to a decree of Národná banka Slovenska.

The Decree will enter into force on 1 January 2016.

The Bank Board approved a Decree of Národná banka Slovenska amending Decree No 14/2014 of Národná banka Slovenska on reporting for data collection purposes under a separate regulation by banks, branches of foreign banks, investment firms and branches of foreign investment firms.

The purpose of the Decree is to specify certain details about the reporting of information to NBS in accordance with EU law.

The Decree will enter into force on 15 January 2016.

Martina Solčányiová

NBS Spokesperson

National Bank of Slovakia
Press and Editorial Section
Imricha Karvasa 1, 813 25 Bratislava, Slovak Republic
Tel.: +421-2-5787 2142, +421-2-5865 2142, +421-2-5787 2169, +421-2-5865 2169
Internet: http://www.nbs.sk

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SOURCE: Národná banka Slovenska