Decision on the Method of Keeping Register of Consents for Opening Branches and Setting up Other Organizational Forms and Representative Offices of Banks Abroad

"RS Official Gazette", No. 53/2006
Pursuant to Article 67 of the Law on the National Bank of Serbia ("RS Official Gazette", Nos.72/2003 and 55/2004), and for the purpose of implementing Article 93 of the Law on Banks ("RS Official Gazette", No.107/2005), the Governor of the National Bank of Serbia hereby issues D E C I S I O N ОN THE METHOD OF KEEPING REGISTER OF CONSENTS FOR OPENING BRANCHESAND SETTING UP OTHER ORGANIZATIONAL FORMS AND REPRESENTATIVE OFFICES OF BANKS ABROAD

1. This Decision shall prescribe the method of keeping a Register of
   consents granted by the National Bank of Serbia with respect to opening branches and setting up other organizational forms and representative offices of banks abroad (hereinafter: Register).
2. The National Bank of Serbia shall enter into the Register all
   consents for opening branches and setting up other organizational forms and representative offices abroad (hereinafter: consent) granted to banks in line with the decision on detailed requirements and manner of granting and revoking consent on opening branches or representative offices by banks abroad.
3. The Register shall be a public book containing the following data:
   ƒ reference number;
   ƒ reference number and date of issue of the decision on granting consent; ƒ name, head office and address of the bank opening a branch, setting up other organizational form or representative office abroad (hereinafter: founding bank); ƒ name, head office and address of the bank’s branch, other organizational form or representative office abroad; ƒ activity of the branch, other organizational form or representative office abroad; ƒ equity stake of the founding bank;

ƒ name of the managing director of the branch abroad, and /or person in charge of operations of any other organizational form or representative office of the bank abroad; ƒ reference number and date of entry into the register kept by competent body of the country where the branch, other organizational form or representative office of the bank is opened; ƒ reference number and date of issue of the decision on consent revocation.
4. Details of representative offices and other forms of organized
financial activity abroad which were, at the start date of application hereof, entered in the registry kept by the National Bank of Serbia in line with the Decision on Conditions of Entry and Manner of Maintaining the Registry of Banks, Representative Offices and Other Forms of Financial Activity Abroad ("RS Official Gazette", No.23/2005) – shall be transferred to the Register.
5. This Decision shall supersede the Decision on Conditions of Entry
and Manner of Maintaining the Registry of Banks, Representative Offices and Other Forms of Organized Financial Activity Abroad ("RS Official Gazette", No. 23/2005).
6. This Decision shall enter into force on date following its publication
in the "RS Official Gazette", and shall be applied as of 1 October 2006. D. No. 65 G o v e r n o r 21 June 2006 National Bank of Serbia B e l g r a d e Radovan Jelasic, sign.