Regulatory Alerts2011-07-26
Decree of Národná banka Slovenska No 6/2011 on Applications for Prior Approval under the Act on Collective Investment
Národná banka Slovenska issued Decree No 6/2011 to specify the detailed documentation and information required for prior approval applications concerning qualifying holdings in management companies. The decree mandates that applicants provide comprehensive personal, financial, and strategic data, including criminal records, funding sources, and impact assessments, when acquiring or increasing stakes of 20%, 30%, or 50%. It further outlines specific submission requirements for applications related to share capital reductions and the election of board members or proxies.
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