Regulatory Alerts2015-12-15
Decree of Národná banka Slovenska No 35/2015 on demonstrating compliance for insurance authorisation
Národná banka Slovenska issued Decree No 35/2015 to specify the documentation required for insurance undertakings under a special regime to demonstrate compliance with authorisation conditions. The decree mandates detailed proof of paid-up shared capital, including origin verification for founders, and requires comprehensive data on qualifying holders such as criminal records, professional CVs, and ownership structures. Furthermore, it stipulates that board members and managerial employees must submit evidence of trustworthiness and professional qualifications, while applicants must provide strategic plans, business financial projections, and organisational governance documents.
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