At its 17th meeting of 2025, the National Bank of Slovakia’s Bank Board approved a decree setting out how undertakings not subject to a special regime must demonstrate compliance with the conditions for being granted authorisation to conduct insurance or reinsurance business. The decree updates and specifies the evidence and documentation that must be submitted during the authorisation procedure, with a focus on cases affected by new rules on cross-border changes in legal form. The decree responds to Act No 309/2023, which transposed Directive (EU) 2017/1132 and amended the Insurance Act (No 39/2015) to add provisions on cross-border changes in the legal form of (re)insurance undertakings. It also removes duplications with the Financial Market Supervision Act (No 747/2004) on the formal elements of applications, and repeals NBS Decree No 8/2015 as amended by Decree No 7/2017. The decree takes effect on 1 November 2025. The Bank Board also approved the notification of the issuance of a EUR 100 gold collector coin, due to go on sale in November 2025.
National Bank of Slovakia 2025-10-07
National Bank of Slovakia approves new decree on proving compliance for insurance and reinsurance authorisations effective 1 November 2025
The National Bank of Slovakia's Bank Board approved a decree detailing compliance requirements for insurance and reinsurance authorisation, focusing on cross-border legal form changes. This decree aligns with Act No 309/2023, amending the Insurance Act and removing duplications with the Financial Market Supervision Act. Additionally, the Bank Board approved the issuance of a EUR 100 gold collector coin, available in November 2025.