Bank of Slovenia Regulation on Joint Guidelines for Supervisory Coordination of Financial Conglomerates

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. 47/15 of 30 June 2015 (in force since 1 July 2015) Pursuant to the third paragraph of Article 13 of the Banking Act (Official Gazette of the Republic of Slovenia, No. 25/15; hereinafter: the ZBan-2) and the first paragraph of Article 31 of the Bank of Slovenia Act (Official Gazette of the Republic of Slovenia, Nos. 72/06 [official consolidated version] and 59/11), the Governing Board of the Bank of Slovenia hereby issues the following REGULATION on the application of the Joint Guidelines on the convergence of supervisory practices relating to the consistency of supervisory coordination arrangements for financial conglomerates
Article 1
(purpose and field of application)
(1) Pursuant to the first paragraph of Article 16 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, in conjunction with the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority, on 22 December 2014 the European Banking Authority issued the Joint Guidelines on the convergence of supervisory practices relating to the consistency of supervisory coordination arrangements for financial conglomerates (hereinafter: the guidelines), which are published on its website. (2) The guidelines referred to in the first paragraph of this article are aimed at enhancing cooperation between competent authorities on a cross-border and cross-sectoral basis and supplementing the functioning of sectoral colleges where a cross-border group has been identified as a financial conglomerate. (3) The guidelines are addressed to competent authorities as defined in point 40 of the first paragraph of Article 4 of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176 of 27 June 2013, p 1) and other authorities of Member States authorised to supervise other regulated entities in a financial conglomerate.
Article 2
(content of regulation and scope of application of guidelines) (1) By virtue of this regulation the Bank of Slovenia sets out the application of the guidelines to the Bank of Slovenia, when in its role as the competent authority it is exercising supervisory powers and tasks over banks in accordance with the ZBan-2 and the Financial Conglomerates Act (Official Gazette of the Republic of Slovenia, Nos. 43/06, 87/11 and 56/13; hereinafter: the ZFK). (2) In exercising its supervisory powers and tasks in accordance with the ZBan-2 and the ZFK, the Bank of Slovenia 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.

THIS TEXT IS UNOFFICIAL TRANSLATION AND MAY NOT BE USED AS A BASIS FOR SOLVING ANY DISPUTE
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. Ljubljana, 23 June 2015 Boštjan Jazbec President, Governing Board of the Bank of Slovenia