Statement on new Decrees of Národná banka Slovenska (NBS)

On 12 December the NBS Bank Board approved by circular resolution the following Decrees of Národná banka Slovenska.

A Decree amending Decree No 16/2007 of Národná banka Slovenska of 18 December 2007 on reporting by stock exchanges and central securities depositories for the purposes of financial market supervision, as amended.

The Decree introduces amendments necessitated by the enactment in Slovak law of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (recast) (OJ L 173, 12.6.2014), as amended, and by the reporting obligations for supervised entities laid down in Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 (OJ L 173, 12.6.2014), as amended, and in related delegated acts. These amendments will change the existing reporting obligations for investment firms and also introduce new reporting obligations for them. The new and modified reporting requirements should ensure effective monitoring of the market and, where necessary, the adoption of timely and efficient measures by the relevant supervisory authority. The Decree will enter into force on 3 January 2018.

A Decree amending Decree No 13/2014 of Národná banka Slovenska of 29 July 2014 on reporting for supervisory purposes by investment firms and branches of foreign investment firms, as amended.

The Decree introduces amendments necessitated by the enactment in Slovak law of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (recast) (OJ L 173, 12.6.2014), as amended, and by the reporting obligations for supervised entities laid down in Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 (OJ L 173, 12.6.2014), as amended, and in related delegated acts. These amendments will change the existing reporting obligations for investment firms and also introduce new reporting obligations for them. The new and modified reporting requirements should ensure effective monitoring of the market and, where necessary, the adoption of timely and efficient measures by the relevant supervisory authority. The Decree will enter into force on 3 January 2018.

A Decree on reporting for supervisory purposes by banks and branches of foreign banks.

The purpose of the Decree is to ensure the ongoing preparation of data for, and reporting of data to, Národná banka Slovenska in accordance with new rules for the measurement of assets. These rules are laid down in the new IFRS 9 accounting standard, which applies to banks and foreign bank branches in Slovakia.

The Decree will enter into force on 1 January 2018, except for certain provisions which will enter into force on 3 January 2018 and introduce changes related to the MiFID II/MiFIR package.

A Decree on reporting for supervisory purposes by creditors providing consumer loans.

The purpose of the Decree is to ensure data collection in accordance with Slovak law from creditors providing consumer and other loans. Národná banka Slovenska, as the regulatory authority, will use the collected data in the performance of its supervisory tasks. The Decree will enter into force on 1 January 2018.

Martina Vráblik Solčányiová
NBS Spokesperson

National Bank of Slovakia
Communications 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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