Regulatory Alerts2020-02-14
Regulation on Criteria for Non-Cash Contributions to Increase Share Capital of Banks and Savings Banks
The Governing Board of the Bank of Slovenia issued this regulation to establish criteria for non-cash contributions used to increase the share capital of banks and savings banks under early intervention measures. The document mandates that such contributions must be permanently available, relatively stable in value, and quickly convertible to cash, with specific eligibility rules for debt securities and Common Equity Tier 1 instruments. It further prescribes detailed documentation requirements, including asset valuations, capital calculations, and shareholder data, that banks must submit alongside proposed general meeting resolutions.
Share