Decision on the Procedure for the Maintenance of the Register of Granted Approvals for the Opening of Representative Offices of Foreign Banks in the Republic of Serbia

"Official Gazette of the RS", no 53/2006 Pursuant to Article 67 of the Law on the National Bank of Serbia ("Official Gazette of the RS", no. 72/2003 and 55/2004) and for the purpose of implementation of Article 93 of the Law on Banks (“Official Gazette of the RS", no. 107/2005), the Governor of the National Bank of Serbia hereby issues the D E C I S I O N ON THE PROCEDURE FOR THE MAINTENANCE OF THE REGISTER OF GRANTED APPROVALS FOR THE OPENING OF REPRESENTATIVE OFFICES OF FOREIGN BANKS IN THE REPUBLIC OF SERBIA

1. This Decision provides the procedure according to which the National Bank of Serbia shall perform the maintenance of the Register of Granted Approvals for the Opening of Representative Offices of Foreign Banks in the Republic of Serbia (hereafter referred to as: Register).
2. The National Bank of Serbia shall enter in this Register the granted approval for the opening of the representative office of a foreign bank in the Republic of Serbia (hereafter referred to as: approval), which the foreign bank has been granted pursuant to Decision regulating the detailed requirements and the procedure for the granting and revoking of approvals for the opening of the representative office of a foreign bank in the Republic of Serbia.
3. The Register is a public inventory containing the following information: – ordinal number; – number and date of resolution granting approval; – name, place of business and address of the foreign bank opening its representative office in the Republic of Serbia; – name, place of business and address of the representative office in the Republic of Serbia; – scope of activities of the representative office in the Republic of Serbia; – name of natural person responsible for the operation of the representative office in the Republic of Serbia; – number and date of resolution revoking approval.
4. The representative offices of foreign banks that have been, on the date of implementation of this Decision, entered in the Register the National Bank of Serbia maintains pursuant to the Decision on Requirements for the Entry of Representative Offices and Other Forms of Financial Operations of Foreign Banks in the Country and the Procedure for the Maintenance of This Register (''Official Gazette of the RS'', no. 136/2004) – shall be transferred to the Register.

2 The National Bank of Serbia shall issue to the representative offices referred to in paragraph 1 of this item a certificate of transfer into the Register, to be submitted with the application for the entry into the Register of Commercial Entities. 5. With the date of implementation of this Decision, there shall cease the validity of the Decision on the Entry of Representative Offices and Other Forms of Financial Operations of Foreign Banks in the Country and the Procedure for the Maintenance of This Register (''Official Gazette of the RS'', no. 136/2004). 6. This Decision shall come into force on the day following the date of its publishing in the "Official Gazette of the RS", and shall be effective as of October 1, 2006. Published in the "Official Gazette of the RS" no. 53/2006 of 23 June 2006, and has come into force on 24 June 2006.