Regulatory Alerts2011-01-01
Decree of NBS No 21/2011 on fee-related information provided to customers by banks
Národná banka Slovenska mandates that banks disclose annual percentage rates of charge and comprehensive fee structures to customers at the time of transaction agreement. The regulation requires the submission of a standardized Report on customer fees to the Ministry of Finance and the central bank on a half-yearly basis or upon fee changes. This decree repeals the previous 2006 regulation and establishes specific formatting and submission protocols for the required fee reports.
Share