Regulatory Alerts2010-05-11
Decree of the National Bank of Slovakia No 7/2010 on Prior Approval Applications for Stock Brokerage Firms
The National Bank of Slovakia issued Decree No 7/2010 to stipulate the specific details required for applications seeking prior approval under the Securities Act. The decree mandates comprehensive disclosures for acquiring or exceeding qualified participations in stock brokerage firms, including personal data, financial resources, business plans, and conflict of interest declarations. It further defines the documentation necessary for other regulatory approvals, such as reducing share capital, appointing board members, changing domicile, and executing mergers or splits.
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