Regulatory Alerts2012-06-12
Decree of Národná banka Slovenska No 6/2012 on Demonstrating Compliance for Management Company Authorization
Národná banka Slovenska issued Decree No 6/2012 to specify the documentation required for entities seeking authorization to act as management companies under the Act on Collective Investments. The decree details the specific evidence needed to prove compliance with conditions regarding share capital provenance, qualified participation, and the professional competence and trustworthiness of nominated persons and controlling shareholders. It further mandates the submission of internal regulations, business plans, and technical infrastructure descriptions to demonstrate adherence to prudential rules, operational standards, and anti-money laundering obligations.
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