Regulatory Alerts2009-01-01
Decree of the National Bank of Slovakia No 7/2009 on Authorisation for Payment and Electronic Money Institutions
The National Bank of Slovakia issued this decree to specify the documentation and procedural requirements for authorizing payment institutions and electronic money institutions under Act No. 492/2009 Coll. It details the evidence needed to prove compliance with capital, governance, integrity, and operational conditions, including submissions of commercial register extracts, financial statements, and risk management frameworks. The regulation further defines own funds calculations, permissible safe assets, and specific technical and security measures required to manage electronic money issuance limits and system risks.
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