Regulatory Alerts2011-01-01
Decree of NBS No 16/2011 on Banking Licence Applications
Národná banka Slovenska issued Decree No 16/2011 to specify the mandatory elements and supporting documentation required for banking licence applications by domestic banks and foreign bank branches. The regulation details precise evidentiary standards for demonstrating compliance with capital adequacy, shareholder integrity, and management suitability requirements. It further mandates the submission of comprehensive business plans, IT system descriptions, and internal control protocols prior to the commencement of licensed banking operations.
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