The Bank Board of the National Bank of Slovakia (NBS), the country’s central bank, issued a positive statement on the draft bill on payment services and amendments to related laws on Tuesday, June 9.
Based on this piece of legislation, Slovakia will transpose some European directives, harmonising the law across the European Economic Area in the field of payment services in currencies of member states, the SITA wrote.
“The harmonisation of legal orders unifies rights and duties in the provision and use of payment services, as well as further rights and duties, for instance, in dispute settlement. Moreover, the draft defines conditions for establishment and conduct of business by a new category of providers of payment services, so-called payment institutions, which, in addition to banks and subsidiaries of foreign banks, will provide payment services”, according to NBS spokeswoman Jana Kováčová. SITA
Compiled by Zuzana Vilikovská from press reports
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