Region

Jurisdiction

Regulator

2020-09-25

Regulation on the application of the Guidelines on the pragmatic 2020 supervisory review and evaluation process in light of the COVID-19 crisis

Banka Slovenije issued this regulation to formally adopt the European Banking Authority's guidelines for the 2020 supervisory review and evaluation process amidst the COVID-19 crisis. The document mandates that Banka Slovenije, acting as the competent authority under the Banking Act, must fully incorporate these guidelines when exercising its supervisory powers over banks. The regulation entered into force on 21 September 2020, immediately following its publication in the Official Gazette.

Slovenia

Banka Slovenije

THIS TEXT IS UNOFFICIAL TRANSLATION AND MAY NOT BE USED AS A BASIS FOR SOLVING ANY DISPUTE  Official Gazette of the Republic of Slovenia, No. 123/20 of 18 September 2020 (in force since 21 September 2020) Pursuant to the third paragraph of Article 13 of the Banking Act (Official Gazette of the Republic of Slovenia, Nos. 25/15, 44/16 [ZRPPB], 77/16 [ZCKR], 41/17, 77/18 [ZTFI-1], 22/19 [ZIUDSOL] and 44/19 [Constitutional Court decision]; hereinafter: the ZBan-2), and the first paragraph of Article 31 of the Banka Slovenije Act (Official Gazette of the Republic of Slovenia, Nos. 72/06 [official consolidated version], 59/11 and 55/17), the Governing Board of Banka Slovenije hereby issues the following REGULATION on the application of the Guidelines on the pragmatic 2020 supervisory review and evaluation process in light of the COVID-19 crisis Article 1 (purpose and field of application of guidelines) (1) Pursuant to Article 16(1) of Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC (OJ L 331 of 15 December 2010, p 12), as last amended by Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC (OJ L 337 of 23 December 2015, p 35) (hereinafter: Regulation (EU) No 1093/2010), on 23 July 2020 the European Banking Authority issued the Guidelines on the pragmatic 2020 supervisory review and evaluation process in light of the COVID-19 crisis (EBA/GL/2020/10, hereinafter: the guidelines), which are published on its website. (2) The guidelines are addressed to the competent authorities referred to in Article 4(2) of Regulation (EU) No 1093/2010. Article 2 (content of regulation and scope of application of guidelines) (1) By virtue of this regulation Banka Slovenije sets out the application of the guidelines to Banka Slovenije, when in its role as the competent authority it is exercising supervisory powers and tasks over banks in accordance with the ZBan-2. (2) In exercising its supervisory powers and tasks in accordance with the ZBan-2, Banka Slovenije shall take full account of the provisions of the guidelines in the parts relating to the exercise of the powers and tasks of the competent authority. Article 3 (entry into force) This regulation shall enter into force on the day after its publication in the Official Gazette of the Republic of Slovenia.