Regulatory Alerts2018-01-01
Decree No 2/2018 amending Decree No 6/2010 on prior approval for covered bond programme activities
Národná banka Slovenska issued Decree No 2/2018 to amend the application requirements for prior approval of covered bond programme activities under the Banking Act. The amendment introduces detailed documentation obligations for banks seeking approval to perform covered bond activities or transfer such programmes, including strategic plans, risk management methodologies, and administrator qualifications. It also mandates written declarations regarding the discontinuation of covered bond operations upon license return or dissolution and excludes certain legacy mortgage business authorizations from these new provisions.
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