Financial market supervision

Supervision of the financial market in Slovakia has been integrated since 2006, when the central bank, Národná banka Slovenska (NBS), took over the supervision of financial market participants in the banking, capital market, insurance and pension fund sectors. General rules of procedure for supervision of the financial market are laid down in the Financial Market Supervision Act.

NBS is a party to the European System of Financial Supervision (ESFS), which was established on 1 January 2011 and is in charge of ensuring the supervision of the EU’s financial system.

Since June 2013 NBS has been authorised to conduct macroprudential policy as part of its supervision of the financial market. Its task in this regard is to identify, monitor and mitigate systemic risks to the financial system and thereby support the stability of the financial system as a whole.

NBS participates in the Single Supervisory Mechanism (SSM), which entered into operation in November 2014 as the first pillar of the EU banking union. The banking union project was instigated in response to the global economic and financial crisis.

As from January 2015, Národná banka Slovenska:

• is the competent authority for consumer protection in the Slovak financial market, and as such it oversees the protection of the rights of financial consumers so as to support the secure and sound functioning of the financial market;
• provides expertise to and supports the Resolution Council, which is the national resolution authority for institutions in Slovakia’s financial sector and part of the Single Resolution Mechanism (the second pillar of the banking union). 

News

28.10.2024
On 28 October 2024, ESMA published the Consultation Paper on the technical Advice to the European Commission on the amendments to the research provisions in the MiFID II Delegated Directive in the context of the Listing Act.  ESMA will consider the responses received by 28 January 2025. more

28.10.2024
On 28 October 2024, ESMA published the Consultation Paper on draft technical advice concerning the Prospectus Regulation and on updating the CDR on metadata.  ESMA will consider the responses received by 31 December 2024. more

28.10.2024
On 28 October 2024, ESMA published the Call for evidence on potential further steps towards harmonising rules on civil liability pertaining to securities prospectuses under the Prospectus Regulation. ESMA will consider the responses received by 31 December 2024. more

21.10.2024
On 18 October 2024 ESMA published an updated implementation timeline for sustainable finance regulation (SFDR, TR, CSRD, BMR, EuGBR). more

21.10.2024
On 18 October 2024 ESMA published a survey on legal entities identifiers addressed to financial market participants, aiming to gather evidence on the impacts of including alternatives for reporting or record keeping requirements. ESMA will consider the feedback received to the survey by 12 November 2024. more

18.10.2024
On 15 October 2024 ESMA, EC and ECB published the Statement on shortening the standard securities settlement cycle in the European Union (T+1): next steps. more

4.10.2024
On 3 October 2024, ESMA published the Consultation Paper on the review of RTS 22 on transaction data reporting under Art. 26 and RTS 24 on order book data to be maintained under Art. 25 of MiFIR.  ESMA will consider the responses received by 3 January 2025. more

7.8.2024
NBS extended deadline regarding the consultation paper “Konzultačný materiál k dodržiavaniu pravidiel činnosti vo vzťahu ku klientom pri sprostredkovaní úverov“. NBS will consider the responses received by 15 September 2024. more

16.7.2024
On 16 July 2024, ESMA published the Consultation Paper on the Technical Standards specifying the criteria for establishing and assessing the effectiveness of investment firms’ order execution policies.  ESMA will consider the responses received by 16 October 2024. more

15.7.2024
On 12 July 2024, EBA, EIOPA and ESMA published the Consultation on the Guidelines under MiCA establishing templates for explanations and legal opinions regarding the classification of crypto-assets.  ESAs will consider the responses received by 12 October 2024. The ESAs will hold a virtual public hearing on the consultation paper on Monday, 23 September 2024 from 10:00 to 12:00 CEST and interested stakeholders are invited to register by 19 September 2024 at 16:00 CEST. more

10.7.2024
On 10 July 2024, ESMA published the MiFIR Review – Third Consultation Package (equity transparency, volume cap, circuit breakers, SI, equity CTP, flags for non-equity transparency).  ESMA will consider the responses received by 15 September 2024 / 15 October 2024. more

9.7.2024
On 9 July 2024, ESMA published 3 consultation documents regarding CSDR Refit: ESMA consults on rules to recalibrate and further clarify the framework.  ESMA will consider the responses received by 9 September 2024. more

9.7.2024
On 8 July 2024, ESMA published the Consultation on Liquidity Management Tools for funds. ESMA will consider the responses received by 8 October 2024. more

9.7.2024
On 8 July 2024, ESMA published the Consultation on reporting requirements and governance expectations for some supervised entities. ESMA will consider the responses received by 18 October 2024.

4.7.2024
On 28 June 2024, ESMA published call for expression of interest for stakeholders to become a member of Consultative Working Group of the Sustainability Standing Committee. Applications must be submitted by no later than 30 August 2024 through ESMA website.

3.6.2024
On 17 June 2024 NBS published the consultation paper “Konzultačný materiál k dodržiavaniu pravidiel činnosti vo vzťahu ku klientom pri sprostredkovaní úverov“. NBS will consider the responses received by 31 July 2024. Deadline extended – NBS will consider the responses received by 15 September 2024. More

4.6.2024
On 3 June 2024 EBA and ESMA published the Discussion Paper on the Call for advice on the investment firms prudential framework. On 20 June 2024 a virtual public hearing will take place starting at 14:00 CET. The deadline for registration is 17 June 2024 at 16:00 CET. The deadline for the submission of comments is 3 September 2024.  More

3.6.2024
On 3 June 2024 NBS published the consultation paper “Konzultačný materiál k návrhu Q&A NBS k aplikácii zákona o kolektívnom investovaní na registrovaných správcov“. NBS will consider the responses received by 30 August 2024. More

23.5.2024
On 23 May 2024, ESMA published the MiFIR Review Consultation Package (Consolidated Tape Providers and Data Reporting Service Providers). ESMA will consider the responses received by 28 August 2024. more

23.5.2024
On 23 May 2024, ESMA published the Consultation on the amendments to certain technical standards for commodity derivatives. ESMA will consider the responses received by 23 August 2024. more

22.5.2024
On 21 May 2024, ESMA published call for expression of interest for stakeholders to become a member of Consultative Working Group for Investor Protection Standing Committee. Applications must be submitted by no later than 5 July 2024 through ESMA website.

22.5.2024
On 21 May 2024, ESMA published the MiFIR Review Consultation Package. ESMA will consider the responses received by 28 August 2024. more

20.5.2024
On 22 May 2024, from 10:00 to 11:00 (Paris Time) ESMA will host an online event focused on the launch of its Position Paper on the effectiveness of capital markets in the European Union. The deadline for registration is 21 May 2024 19:00.

20.5.2024
On 10 July 2024, from 09:00 to 15:00 (Paris Time) ESMA will hold Public hearing on shortening the settlement cycle . The deadline for registration is 5 July 2024.

16.5.2024
On 13 May 2024, ESMA published calls for expression of interest to become a member of the Consultative Working Group for the Reporting Working Group or a member of the Consultative Working Group for the Disclosure Working Group. Applications must be submitted by no later than 6 June 2024.

7.5.2024
On 7 May 2024, ESMA published the  Call for Evidence on the review of the UCITS Eligible Assets Directive. ESMA will consider the responses received by 7 August 2024. more

7.5.2024
On 7 May 2024 NBS published the consultation paper “Konzultačný materiál k návrhu stanoviska NBS k predplateným poplatkom“. NBS will consider the responses received by 30 June 2024. More

2.5.2024
On 22 April 2024, ESMA published joint call for expression of interest for stakeholders to become a member of consultative working group for one of these three ESMA working groups: Commodity Derivatives WG, Secondary Markets WG and Post Trading WG. Applications must be submitted via application portal by no later than 5 June 2024 (the deadline has been changed). more

30.4.2024
On 30 April 2024 NBS published the consultation paper “Konzultačný materiál k návrhu metodického usmernenia k vykonávaniu investičnej služby riadenie portfólia“. NBS will consider the responses received by 31 May 2024. More

22.4.2024
On 22 April 2024, ESMA published joint call for expression of interest for stakeholders to become a member of consultative working group for one of these three ESMA working groups: Commodity Derivatives WG, Secondary Markets WG and Post Trading WG. Applications must be submitted via application portal by no later than 29 May 2024. more

22.4.2024
On 18 April 2024, EBA, EIOPA and ESMA published the Consultation paper on draft regulatory technical standard on the harmonisation of conditions enabling the conduct of the oversight activities under Article 41(1) point (c) of Regulation (EU) 2022/2554. ESMA will consider the responses received by 18 May 2024. more

15.4.2024
On 11 April 2024 ESAs (EBA, EIOPA, ESMA) announced they will launch in May 2024 the dry run exercise in order to be prepared for the DORA requirements regarding information on the use of ICT third-party service providers by the financial entities. Introductory online workshop to this exercise will be held on 30 April 2024 (registration by 25 April 2024). More

11.4.2024
On 11 April 2024 NBS published a supervisory notice on the distribution of group insurance.

2.4.2024
On 20 March 2024, the EC published Delegated Regulation 2024/896 adapting the base amounts in euro for professional indemnity insurance and for financial capacity of insurance, reinsurance and ancillary insurance intermediaries. It shall apply from 9 October 2024.

28.3.2024
On 27 March 2024, the EC published Draft interpretative notice on the transitional provision of MiFIR review and ESMA published Public statement on the transition for the application of the MiFIDII/MiFIR review to provide clarity to market participants on the transitional provision of the Markets in Financial Instruments Regulation (MiFIR) review.

26.3.2024
On 26 March 2024, ESMA published the Consultation Paper on Technical Standards on the European Green Bond Regulation. ESMA will consider the responses received by 14 June 2024. more

26.3.2024
On 25 March 2024, ESMA published the Consultation on the Technical Standards specifying certain requirements of MiCA (3rd package). ESMA will consider the responses received by 25 June 2024. more

11.3.2024
On 21 March 2023 ESMA published feedback received to its Call for Evidence on shortening the settlement cycle (T+1). 

11.3.2024
On 8 March 2023 EBA published  Consultation paper on draft Guidelines on redemption plans under MiCAR. A virtual public hearing will be held on 22 May from 14:00 to 16:00 Paris time. EBA will consider the responses received by 10 June 2024. more

1.3.2024
On 28 February 2024, ESMA published Call for expression of interest to complement the Consultative Working Group for Corporate Reporting of ESMA’s Issuers Standing Committee with stakeholders from specific categories. Applications must be submitted by no later than 10 April 2024. more

20.2.2024
On 20 February 2024, ESMA published Call for expression of interest from stakeholders to become a member of the Consultative Working Group for Investment Management Standing Committee. Applications must be submitted by no later than 24 March 2024 through ESMA’s website.

14.2.2024
ESMA is looking for candidates (new members for its Securities and Markets Stakeholder Group (SMSG)) representing the interests of all types of financial markets stakeholders. ESMA will consider the applications received by 18 March 2024. More

29.1.2024
On 29 January 2024, NBS published the update of the Q&A document “Časté otázky a odpovede MiFIDII / MiFIR“.

29.1.2024
On 29 January 2024, ESMA published the Consultation Paper on the draft guidelines on reverse solicitation under the MiCA and Consultation paper on the draft Guidelines on the conditions and criteria for the qualification of crypto-assets as financial instruments. ESMA will consider the responses received by 29 April 2024. more

19.1.2024
ESMA will organise two online workshops related to the CTPs selection procedures and the specification of selection criteria: 15 February 2024 Workshop on Consolidated Tapes for potential applicants and 14 March 2024 Workshop on Consolidated Tapes for market participants. More

19.1.2024
On 16 February ESAs will hold ESAs open hearing on the ESAP draft implementation standards in the form of a webinar. The deadline for registration is 12 February 2024 at 16:00 CET.

January 2024, ESAs (EBA, EIOPA, ESMA) published the Consultation Paper on draft ITS specifying certain tasks of collection bodies and certain functionalities of the European Single Access Point. ESAs will consider the responses received by 8 March 2024. more

19.1.2024
On 8 January 2024, ESAs (EBA, EIOPA, ESMA) published the Consultation Paper on draft ITS specifying certain tasks of collection bodies and certain functionalities of the European Single Access Point. ESAs will consider the responses received by 8 March 2024. more

4.1.2024
On 15 December 2023, ESMA published the Consultation Paper on the securitisation disclosure templates under Article 7 of the Securitisation Regulation. ESMA will consider the responses received by 15 March 2024. more

17.12.2023
On 15 December 2023, ESMA published the Consultation on Technical Advice on CSDR Penalty Mechanism. ESMA will consider the responses received by 29 February 2024. more

17.12.2023
On 15 December 2023, ESMA published the Consultation on Draft Guidelines on Enforcement of Sustainability Information. ESMA will consider the responses received by 15 March 2024. more

17.12.2023
On 14 December 2023, ESMA published the Discussion Paper on MiFID II investor protection topics linked to digitalisation. ESMA will consider the responses received by 14 March 2024. more

11.12.2023
On 8 December 2023 ESAs (EBA, EIOPA, ESMA) published ESAs joint consultation on second batch of policy mandates under the Digital Operational Resilience Act. ESAs will consider the responses received by 4 March 2024. more

11.12.2023
On 7 December 2023 ESAs (EBA, EIOPA, ESMA) published ESAs second public consultation on joint Guidelines on the system for the exchange of information relevant to fit and proper assessments. ESAs will consider the responses received by 15 January 2024. more

14.11.2023
On 8 November 2023 EBA published Consultation paper on RTS on supervisory colleges under MiCAR. A virtual public hearing will be held on 17 January from 12:00 to 12:30 CET. EBA will consider the responses received by 8 February 2024. more

14.11.2023
On 8 November 2023 EBA published Consultation Paper on RTS on the use of ARTs and EMTs denominated in a non-EU currency as a means of exchange (MiCAR), Consultation Paper on ITS on the reporting on ARTs and EMTs denominated in a non-EU currency under MiCAR and Annexes I, II, III, IV a V. A virtual public hearing will be held on 17 January from 10:00 to 12:00 CET. EBA will consider the responses received by 8 February 2024. more

14.11.2023
On 8 November 2023 EBA published the Consultation paper on Guidelines on recovery plans under MiCAR. A virtual public hearing will be held on 30 January from 10:00 to 12:00 CET. EBA will consider the responses received by 8 February 2024. more

14.11.2023
On 8 November 2023 EBA published  Consultation paper on on the adjustment of own funds requirements and design of stress testing programmes for issuers under MiCAR, Consultation paper on RTS on procedure and timeframe to adjust its own funds requirements for issuers of significant asset-referenced tokens or of e-money tokens under MiCAR. A virtual public hearing will be held on 30 January from 10:00 to 16:00 CET. EBA will consider the responses received by 8 February 2024. more

14.11.2023
On 8 November 2023 EBA published Consultation Paper on RTS to specify the highly liquid financial instruments in the reserve of assets under MiCAR, Consultation paper on RTS further specifying the liquidity requirements of the reserve of assets under MiCAR, Consultation paper on RTS to specify the minimum contents of the liquidity management policy and procedures under MiCAR and Consultation paper on Guidelines liquidity stress testing under MiCAR. A virtual public hearing will be held on 30 January from 10:00 to 16:00 CET. EBA will consider the responses received by 8 February 2024. more

23.10.2023
On 20 October 2023, EBA and ESMA published the Consultation Paper on joint EBA and ESMA Guidelines on the suitability assessment under MiCA. ESMA will consider the responses received by 22 January 2024. more

6.10.2023
On 5 October 2023, ESMA published the  Call for evidence on the shortening of the settlement cycle. ESMA will consider the responses received by 15 December 2023. more

6.10.2023
On 5 October 2023 ESMA published the Second Consultation on the Technical Standards specifying certain requirements of Markets in Crypto Assets Regulation (MiCA). ESMA will consider the responses received by 14 December 2023. more

2.10.2023
On 29 September 2023 NBS published the consultation paper “Konzultačný materiál k návrhu revízie dohľadového benchmarku NBS k distribúcii podnikových dlhopisov“. NBS will consider the responses received by 31 October 2023. More

29.9.2023
On 14 September 2023 European Commission published the public consultation and targeted consultation with respect to the implementation of the regulation on disclosure of information on sustainable finance (SFDR), addressed to the general public as well as financial institutions. EC will consider the responses received by 15 December 2023.

27.7.2023
On 25 July 2023 EBA published the Consultation on the Guidelines on the application of the group capital test for investment firm groups. EBA will consider the responses received by 25 October 2023. A virtual public hearing will be held on 5th September from 10 to 11:30 Paris time. more

12.7.2023
On 12 July 2023 ESMA published the Consultation on the Technical Standards specifying certain requirements of MiCA (1st package). more

11.7.2023
On 11 July 2023 ESMA published the Public Statement on the sustainability disclosure expected to be included in prospectuses. more

6.7.2023
On 30 June 2023 ESMA published the Final Report on the implementation and functioning of the Intra-day Volatility Management Mechanism. more

19.6.2023
On 13 July 2023, ESAs (EBA, EIOPA and ESMA) will jointly hold a public hearing to present the first batch of consultation papers on the mandates stemming from the Digital Operational Resilience Act (DORA) and to obtain market participants’ initial views. Interested stakeholders are invited to register using the Registration form by 16:00 CET on 10 July 2023. 

18.6.2023
On 16 June 2023, ESMA published the  Call for evidence on the integration of sustainability preferences in the suitability assessment and product governance arrangements. ESMA will consider the responses received by 15 September 2023. more

30.5.2023
On 26 May 2023, ESMA published the Joint European Supervisory Authority Discussion paper on DORA. ESMA will consider the responses received by 23 June 2023. more

30.5.2023
On 25 May 2023, ESMA published the Consultation on draft implementing technical standards amending the mapping of ECAIs’ credit assessments. ESMA will consider the responses received by 26 June 2023. more

30.5.2023
On 23 May 2023, ESMA published the Consultaton Paper on RTS under the revised ELTIF Regulation. ESMA will consider the responses received by 24 August 2023. more

12.4.2023
On 12 April 2023, ESMA published the Joint Consultation Paper on the Review of SFDR Delegated Regulation regarding PAI and financial product disclosures. ESMA will consider the responses received by 4 July 2023. more

19.1.2023
On 19 January 2023, ESMA published the Consultation Paper – Manual on post-trade transparency. ESMA will consider the responses received by 31 March 2023. more

13.1.2023
On 13 January 2023, NBS published the Q&A document “Otázky a odpovede Národnej banky Slovenska k Usmerneniam ESMA o výkonnostných poplatkoch v UCITS a niektorých typoch AIF“.

26.11.2022
On 15 November 2022, ESMA published the  Call for Evidence on Greenwashing. ESMA will consider the responses received by 10 January 2023. more

8.9.2022
On 11 October 2022 ESMA organises virtual workshop on post trade transparency. more

29.7.2022
On 29 July 2022, ESMA published the Call for Evidence on pre-hedging. ESMA will consider the responses received by 30 September 2022. more

24.5.2022
On 2 May 2022, EBA published the Discussion Paper on the role of the environmental risks in the prudential framework for credit institutions and investment firms . EBA will consider the responses received by 2 August 2022. more

19.4.2022
On 4 April 2022, the European Commission published the Targeted consultation on the functioning of the  ESG ratings market in the EU and on the consideration of ESG factors in credit ratings . The Commission will consider all responses received by 6 June 2022.

31.3.2022
The Bank Board of Národná banka Slovenska at its meeting held on 29 March 2022 discussed and approved the Macroprudential Commentary – March 2022 (in Slovak language only) and kept the countercyclical capital buffer rate at 1.00%

4.2.2022
On 4 January 2022 ESMA published the Call for evidence – DLT Pilot Regime and review of MiFIR RTS on transparency and reporting. ESMA will consider the responses received by 4 March 2022. more

3.2.2022
On 3 February 2022 ESMA published the Call for Evidence on Market Characteristics for ESG Rating Providers in the EU. ESMA will consider the responses received by 11 March 2022. more

22.12.2021
The Bank Board of Národná banka Slovenska at its meeting held on 20 December 2021 discussed and approved the Macroprudential Commentary – December 2021 and kept the countercyclical capital buffer rate at 1.00%

15.12.2021
On 14 December 2021  ESMA published PUBLIC STATEMENT on transfer of competences and duties relating to certain data reporting services providers from National Competent Authorities to ESMA.

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