Statement from the NBS Bank Board’s 2nd meeting of 2025
On 4 February 2025, the Bank Board of Národná banka Slovenska (NBS) held its 2nd meeting of the year, chaired by NBS Governor Peter Kažimír.
The Bank Board approved the notification of the issuance of a €10 silver collector coin commemorating the 950th anniversary of the establishment of the Benedictine abbey in Hronský Beňadik. The coin is made from an alloy of silver (90%) and copper (10%), weighs 18 g, and has a diameter of 34 mm. Designed by Tomáš Lamač and produced by the Kremnica Mint, the coin is due to go on sale in March 2025.
The Bank Board discussed and approved an NBS Decree on the elements of an application for authorisation as a bank or foreign bank branch and on how to demonstrate compliance with the conditions for the authorisation. The Decree follows the provisions of Commission Delegated Regulation (EU) 2022/2580 and Commission Implementing Regulation (EU) 2022/2581, which at the EU level regulate the information to be provided in an application for authorisation as a credit institution. In the application for authorisation as a bank, the Decree removes duplication and redundant provisions, leaving only those elements and documents that are required in Slovakia. Additionally, modifications are made to the elements of the application and documents required for a third-country foreign bank to obtain an authorisation to conduct banking activities in Slovakia via a branch. The Decree repeals NBS Decree No 16/2011 of 22 November 2011 on the elements of an application for authorisation as a bank or foreign bank branch and on how to demonstrate compliance with the conditions for the authorisation (Notification No 454/2011), as amended by NBS Decree No 3/2018 of 6 February 2018 (Notification No 47/2018). The Decree takes effect on 1 March 2025.
The Bank Board discussed and approved an NBS Decree amending NBS Decree No 6/2010 laying down the elements of an application for prior approval of Národná banka Slovenska made under Section 28(1) of the Banking Act, as amended. The Decree reflects changes arising from Act No 248/2024 on certain obligations and powers in the field of crypto-assets. In regard to prior approval proceedings for a bank’s conversion (merger or division) or cross-border conversion, the Decree regulates the submission of documents by a person responsible for ensuring compliance with AML/CFT obligations. Additionally, the Decree adds certain elements to the application of an applicant who is a natural person, as follows from Act 334/2024 amending Act No 747/2004 on financial market supervision, as amended. Furthermore, additional information on identifying the applicant’s beneficial owner is included in the annexes for prior approval proceedings concerning the acquisition of a qualifying holding in a bank. The Decree takes effect on 1 March 2025.
National Bank of Slovakia
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