Finance Ministry wants to protect clients on the financial market

The Finance Ministry has sent for interdepartmental review its draft bill on financial intermediation and consulting.

The Finance Ministry has sent for interdepartmental review its draft bill on financial intermediation and consulting.

The ministry initiated this new legislation in order to secure consumer protection in the process of provision of financial services and entering into contract relations. The Finance Ministry deems it necessary to secure appropriate protection for clients, mainly for those who are easily influenced and whose knowledge of the financial market is insufficient for qualified, rational and independent decisions.

According to the Finance Ministry, it is necessary to eliminate differences in legislation governing financial intermediation and financial consulting that exist in legal rules for individual financial market sectors and to cover those spheres of the market that have not been regulated yet. SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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