Decree of Národná banka Slovenska No 7/2017 amending Decree No 8/2015 on insurance business authorization

DECREE No 7/2017 of Národná banka Slovenska of 5 September 2017 amending Decree No 8/2015 of Národná banka Slovenska on how to demonstrate compliance with conditions under which undertakings not subject to a special regime may be authorised to conduct insurance business or reinsurance business Národná banka Slovenska, in accordance with Articles 7(7), 9(7), 10(8) and 11(4) of Act No 39/2015 Coll. on insurance (and amending certain laws), has adopted this Decree:
Article I
Decree No 8/2015 of Národná banka Slovenska of 4 August 2015 on how to demonstrate compliance with conditions under which undertakings not subject to a special regime may be authorised to conduct insurance business or reinsurance business (Notification No 197/2015 Coll.) is amended as follows:
In Article 1(3)(e), the following new point 1 is inserted:
“1. the legal entity’s criminal record check certificate, not older than three months; if the entity is a non-resident, an equivalent document issued by the competent authority in the country in which it is established;”. The existing points 1 to 7 become points 2 to 8.
Article II
This Decree enters into force on 1 October 2017.
Jozef Makúch
Governor
Issuing unit: Regulation Department
Insurance Regulation Section
Tel.: +421 2 5787 3301
Fax: +421 2 5787 1118