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In connection with adoption of the new Banking Act, the Act No. 21/1992 Coll. on Banks, as amended, has been abolished.
At the same time, the Act on Accounting, the Act on Auditors, the Act on Economic Relationships with Foreign Countries and the Act on Securities No. 600/1992 Coll, as amended (some provisions of which have been however replaced by the Act No. 566/2001 Coll. on Securities and Investment Services and amending and supplementing certain acts (the Act on Securities)) have been amended with effects from 1 January 2002.
Legal regulations issued for execution of the Banking Act which have been issued pursuant to the up-to-now valid Act No. 21/1992 Coll. on Banks, as amended, and which are valid as of the effective date of this Act, are considered as legal regulations issued pursuant to this Act until the issue of new legal regulations for execution of the new Banking Act.
This Act is in force from 1 January 2002, save for the provisions of Article V., which will become effective on the date of publication, and save for Article I. of Sec. 2(8) of the sentence after semicolon, Sec. 11 to 20, Sec. 45 (2) and Sec 3. 49 (3), which will become effective on the effective date of the Agreement on Accession of the Slovak Republic to the European Communities.
Up to present, the following orders have been issued for the execution of the new Banking Act:
- Decree of NBS No. 11/2001 on submission of statements to NBS by banks and branch offices of foreign banks;
- Decree of NBS No. 12/2001 stipulating the prerequisites of an application for granting a banking licence for a bank;
- Decree of NBS No. 13/2001 stipulating the prerequisites of an application for granting a banking licence for a foreign bank for execution of banking activities through its branch office in the territory of the Slovak Republic;
- Decision of NBS No. 3/2001 on requirements for creation of the obligatory minimum reserves of banks in 2002;
- Decree of NBS No. 14/2001 stipulating the prerequisites of an application for registration of a representative office of a foreign bank or a similar financial institution which executes banking activities;
- Decree of NBS No. 15/2001 stipulating the prerequisites for an application of a bank for a prior approval with establishment of a branch office in a foreign country;
- Decree of NBS No. 16/2001 stipulating the prerequisites of an application for a prior approval pursuant to Sec. 28(1) of the Banking Act and amending and supplementing certain acts;
- Decree of NBS No. 17/2001 on the prerequisites of a notification necessary for identification of other persons who have a special relationship with a bank or a branch office of foreign bank on a basis of relationship with the notifying subject;
- Decree of NBS No. 18/2001 stipulating an outline of extended auditor's report for audit of banks and branch offices of foreign banks;
- Order of NBS and MF SR No. 600/2001 Coll. on Mortgage Registry and details on position and activities of the mortgage administrator and his deputy.
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