The National Bank of Slovakia’s Bank Board approved a package of decrees that expands and standardises regulatory reporting for crowdfunding service providers, credit servicers and (re)insurance undertakings, and sets out the information to be maintained in the national list of credit servicers. The Board also amended documentation requirements for foreign exchange licence applications and approved a memorandum of understanding on information sharing to support non-bank payment service providers’ access to central bank-operated payment systems, with the decrees taking effect on 1 January 2026. For crowdfunding service providers, reporting will cover projects funded via crowdfunding platforms and other data needed for supervision. The credit servicer register decree specifies, for each servicer, identification and contact details, authorisation information, whether it is authorised to receive and hold borrower funds, and the Member States where it has notified an intention to provide credit servicing, with a separate structure for servicers operating in Slovakia under an authorisation from another Member State; it follows European Banking Authority Guidelines EBA/GL/2024/02 on a single EU framework for national registers. A separate supervisory reporting decree requires credit servicers to file a core data sheet, data on serviced loans, and information on complaints, litigation and criminal proceedings on a semi-annual basis via the NBS Statistics Collection Portal, including anti-money laundering and counter-terrorist financing information used for risk assessment and supervisory planning. The foreign exchange licensing amendment aligns application content with the Foreign Exchange Act, including good repute checks for managers and beneficial owners, allows Slovak nationals’ criminal record extracts to be obtained by the National Bank of Slovakia based on summary information provided by the applicant, and removes the need to submit Slovak Commercial Register extracts while adding an email address requirement. Insurance reporting is updated by repealing the previous NBS decree, extending requirements to branches of insurance and reinsurance undertakings from other Member States, revising templates and adding new ones largely linked to transition to IFRS 17 Insurance Contracts, and collecting additional supervisory, statistical and international reporting data.
National Bank of Slovakia 2025-12-04
National Bank of Slovakia approves new reporting and register requirements for crowdfunding providers, credit servicers and insurers from 1 January 2026
The National Bank of Slovakia's Bank Board approved decrees to standardize regulatory reporting for crowdfunding service providers, credit servicers, and (re)insurance undertakings, effective 1 January 2026. Amendments include enhanced documentation for foreign exchange licence applications and a memorandum to support non-bank payment service providers' access to central bank-operated systems. The decrees align with European Banking Authority guidelines and update insurance reporting to incorporate IFRS 17.