Spectator on facebook

Spectator on facebook

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.

Top stories

Europe will continue fighting dual quality products

The recent Bratislava summit raised some suggestions on solving the problem, but it will be a long process.

Yeme grocery store in Bratislava.

Historically first ex-ministers were sentenced for the bulletin-board tender

Former construction ministers of the SNS party have received years in prison for the scandal surrounding the infamous bulletin-board tender. The other three defendants, ministry officers, have been acquitted.

L-R: Marian Janušek is ianugurated as replacing Igor Štefanov in post of construction minister, April 2009.

Quidditch becomes reality in Slovakia as first teams emerge Video

The wizard sport, fighting for its status in the real sports world, has won the hearts of some Slovaks.

We should not wait until we start lowering our voices when talking about the mighty

The girl with seven names saw the first public execution in Korea aged seven.

Hyeonseo Lee