Regulatory Alerts2014-01-01
Decree No 3/2014 of Národná banka Slovenska repealing Decree No 1/2000
Národná banka Slovenska issued Decree No 3/2014 to formally repeal Decree No 1/2000, which previously regulated the conduct of foreign exchange places regarding cross-border and non-resident payments. This legislative action removes the outdated regulatory framework established in January 2000 concerning foreign exchange procedures. The repeal becomes effective on 1 April 2014, as stipulated in the final article of the decree.
DECREE No 3/2014 of Národná banka Slovenska of 18 February 2014 repealing Decree No 1/2000 of Národná banka Slovenska stipulating how foreign exchange places are to proceed in respect of cross-border payments and payments vis-à-vis non-residents Národná banka Slovenska, pursuant to Article 12(6) of Act No 202/1995 Coll. of the National Council of the Slovak Republic – the Foreign Exchange Act – and the Act amending Act No 372/1990 Coll. of the National Council of the Slovak Republic on infringements, as amended, stipulates as follows: Article 1 Decree No 1/2000 of Národná banka Slovenska of 7 January 2000 stipulating how foreign exchange places are to proceed in respect of cross-border payments and payments visà-vis non-residents (Notification No 9/2000 Coll.) is hereby repealed. Article 2 This Decree shall enter into force on 1 April 2014. Jozef Makúch Governor Issuing unit: Regulation Department Tel.: +421 2 5787 3301 Fax: +421 2 5787 1118