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Decree of Prerequisites of the Application for Grant of Prior Approval pursuant to Sec. 102 para. 1 of Act No. 566/2001 Coll. on Securities and Investment Services

Decree of the Ministry of Finance of the Slovak Republic No. 93/2002 Coll. stipulating Prerequisites of the Application for Grant of Prior Approval pursuant to Sec. 102 para. 1 of the Act No. 566/2001 Coll. on Securities and Investment Services and on amending and supplementing certain other acts (Act on Securities)

This decree introduces prerequisites of the application for granting the prior approval for:

(a)
acquisition or exceeding of any interest in the registered capital of the central depository within a single operation or several operations directly or by concurrent act,
(b)
acquisition of business interest of the central depository in the registered capital of legal entities exceeding 33% in the registered capital of these legal entities,
(c)
election of members of the Board of Directors and the Supervisory Board and for appointment of a procurist of the central depository,
(d)
deciding on dissolution of a company to which a permission for incorporation and acting as a central depository has been granted,
(e)
decrease in the registered capital of a central depository, save for decreases due to settlement of losses, and for
(f)
merger of a central depository with another central depository or legal entity seated abroad with a similar scope of business activities.

This Decree is in force from 1 March 2002.

Last modified: 2003-03-01
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