The National Bank of Slovakia’s Bank Board approved two decrees revising the information and documentation required for bank licensing and for certain prior-approval proceedings under the Banking Act, with both measures taking effect on 1 March 2025. One decree updates the elements of an application for authorisation as a bank or foreign bank branch, aligning Slovak requirements with Commission Delegated Regulation (EU) 2022/2580 and Commission Implementing Regulation (EU) 2022/2581 and removing duplication by retaining only elements required in Slovakia. It also modifies the application elements and required documents for third-country foreign banks seeking to operate in Slovakia via a branch, and repeals the previous NBS decrees from 2011 and 2018 on the same topic. A second decree amends NBS Decree No 6/2010 on applications for NBS prior approval, reflecting changes linked to Act No 248/2024 on certain obligations and powers in the field of crypto-assets and adding requirements including documents submitted by the person responsible for AML/CFT compliance in bank conversion and cross-border conversion procedures, additional elements for natural-person applicants, and expanded beneficial owner identification information in annexes for qualifying holding approvals. The Bank Board also approved notification of issuance of a EUR 10 silver collector coin commemorating the 950th anniversary of the Benedictine abbey in Hronský Beňadik, due to go on sale in March 2025.
National Bank of Slovakia approves decrees streamlining bank authorisation and prior-approval application requirements effective 1 March 2025
The National Bank of Slovakia's Bank Board approved two decrees revising bank licensing and prior-approval proceedings under the Banking Act, effective 1 March 2025. The updates align Slovak requirements with EU regulations, modify application elements for foreign banks, and address crypto-asset obligations. Additionally, a EUR 10 silver collector coin commemorating the 950th anniversary of the Benedictine abbey in Hronský Beňadik will be issued in March 2025.