Statement from the NBS Bank Board’s 20th meeting of 2022

The Bank Board of Národná banka Slovenska today (8 November) held its 20th meeting of 2022, chaired by NBS Governor Peter Kažimír.

The Bank Board approved a Decree of Národná banka Slovenska amending Decree No 6/2015 of Národná banka Slovenska on solvency in regard to insurance undertakings not subject to a special regime and in regard to reinsurance undertakings, branches of foreign insurance undertakings and branches of foreign reinsurance undertakings.

The amending Decree makes inflation-related adjustments to the absolute floors for the calculation of the minimum capital requirement for insurance undertakings not subject to a special regime, reinsurance undertakings, branches of foreign insurance undertakings and branches of foreign reinsurance undertakings. The adjustments are made pursuant to the Notice regarding the adaptation in line with inflation of the amounts laid down in the Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II), published in the Official Journal of the European Union (2021/C 423/12).

The Decree takes effect on 1 December 2022.