Statement from the NBS Bank Board’s 18th meeting of 2018

The Bank Board of Národná banka Slovenska today (25 September) held its 18th meeting of 2018, chaired by Jozef Makúch, the NBS Governor.

The Bank Board took note of NBS's September 2018 Monthly Bulletin, which will be published on the NBS website. The Monthly Bulletin includes the Report on the International Economy and Report on the Slovak Economy, which will be published in electronic form as separate publications.

The Bank Board approved NBS's Medium-Term Forecast (MTF-2018Q3) and the Opinion of the Bank Board on MTF-2018Q3. Both texts will be presented at a press conference and published on the NBS website.

The Bank Board approved a Decree of Národná banka Slovenska on reporting in accordance with the Foreign Exchange Act.

The Bank Board approved a Decree of Národná banka Slovenska on the register of financial agents, financial advisers, financial intermediaries from other Member States in the insurance or reinsurance sector, and financial intermediaries from other Member States engaged in the provision of housing loans.

The decree responds to amendments made by Act No 282/2017 Coll. to Act No 186/2009 Coll. on financial intermediation and financial advisory services (and amending certain laws), as amended. The amendments concern data recorded and published in the register and the modification and deletion of data from the register, which is maintained by Národná banka Slovenska.

The new legislation introduces new registered data into the register in order to ensure more effective supervision of financial agents and financial advisers.

The decree enters into force on 1 November 2018.

The Bank Board approved a Decree of Národná banka Slovenska on reporting by asset management companies, foreign asset management companies, autonomous investment funds, and depositories of investment funds for the purposes of financial market supervision.

The decree is required in order to bring into line with the Collective Investment Act (No 203/2011 Coll., as amended) provisions of Decree No 3/2012 of Národná banka Slovenska on reporting by asset management companies and depositories of investment funds for the purposes of financial market supervision, as amended by Decree No 26/2015.

Since it is not permitted for an amending regulation to amend the title of regulation it amends, the new decree repeals and replaces Decree No 3/2012.

The decree enters into force on 31 December 2018.

The Bank Board approved the notification of the issuance of a €10 silver collector coin commemorating the 10th anniversary of the introduction of the euro in Slovakia.

The collector coin is made of an alloy comprising silver (90%) and copper (10%); it weighs 18 g and has a diameter of 34 mm.

Designed by Zbyňek Fojtů and produced by the Kremnica Mint in Slovakia, the coin is due to go on sale in November 2019.

BR NBS approved the Decision on cooperation of competent authorities (revision of the Luxembourg Protocol). The purpose of the revision of the Luxembourg Protocol is to ensure consistency with Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution (recast).

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