Regulatory Alerts2008-06-10
Decree of the National Bank of Slovakia No. 221/2008 Coll. on Dual Display of Prices and Euro Conversion
The National Bank of Slovakia issued Decree No. 221/2008 Coll. to establish detailed rules for the dual display of prices, payments, and amounts in Slovak koruna and euro within the banking, capital market, insurance, and pension sectors. The regulation defines specific methods for displaying dual amounts in written, electronic, and remote communications, while mandating precise rounding protocols for pension units, mutual fund shares, and securities values. It further clarifies exemptions for certain transactions and specifies that final amounts are sufficient for notices regarding outstanding debts, insurance benefits, and deposit certificates.
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