Regulatory Alerts2015-06-30
Decision on Detailed Terms and Conditions for Inviting and Selecting Bids for Acquisition and/or Sale of Shares, Assets and Liabilities of a Bank Under Resolution
The Executive Board of the National Bank of Serbia issued this Decision to establish detailed procedural rules for the transparent and non-discriminatory sale of shares, assets, or liabilities of a bank under resolution. The regulation mandates a structured bidding process involving preliminary bids, strict submission deadlines, bid ranking based on predefined criteria, and specific provisions for direct sales when market stability is at risk. It further outlines the mechanisms for contract negotiations, the handling of deposits and bid bonds, and the right of bidders to file complaints regarding procedural breaches.
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