Statement from the 35th Meeting of the Bank Board of the NBS

The 35th Meeting of the Bank Board of Narodna banka Slovenska was held today (28 September 2010), chaired by Jozef Makúch, Governor.

The Bank Board of the NBS discussed The Report on Economic Development in August 2010, which will be published on the NBS website.

The Bank Board of the NBS approved the Decree of the National Bank of Slovakia stipulating the details of an announcement on persons with special relationship to insurance undertaking, reinsurance undertaking, branch of a foreign insurance undertaking and branch of a foreign reinsurance undertaking.

The Decree stipulates the details of an announcement on persons with special relationship to insurance undertaking, reinsurance undertaking, branch of a foreign insurance undertaking and branch of a foreign reinsurance undertaking.

The Decree shall become effective on 1 November 2010.

The Bank Board of the NBS approved the Decree of the National Bank of Slovakia on the average costs on financial intermediation in life insurance.

The main objective of the new Decree is to provide a single method in stipulating the average costs on financial intermediation in life insurance and therefore a single interpretation of information duties related to financial intermediation.

The Decree shall become effective on 1 November 2010.

Petra Pauerová
Spokesperson of the NBS

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

Reproduction is permitted provided that the source is acknowledged.