Regulatory Alerts2016-01-01
Decree of NBS No. 5/2016 on Application Elements for Registering Foreign Bank Representative Offices
Národná banka Slovenska issued Decree No. 5/2016 to specify the mandatory information and supporting documents required for registering a representative office of a foreign bank in Slovakia. The regulation details specific application contents, including the foreign bank's legal status, statutory body members, and proposed head of the representative office, alongside annexes such as commercial register extracts, authorizations, and criminal record checks. This decree repeals Decree No 14/2001 and entered into force on 1 January 2017 to standardize the registration process for similar foreign financial institutions engaged in banking activities.
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