Legal Framework of Credit Institutions and Financial Companies

The Legal Framework of Credit Institutions and Financial Companies lays down the conditions for the taking up and pursuit of the business of credit institutions and financial companies, largely reflecting Community Directives on this matter.

The Legal Framework of Credit Institutions and Financial Companies covers the following aspects:

• Authorisation and registration procedures;
• Assessment of the suitability of qualifying shareholders;
• Assessment of the suitability and professional qualifications of the members of the management and auditing boards;
• Rules of conduct and relationship with clients;
• Cooperation with other authorities;
• Rules and prudential limits;
• Supervisory procedures;
• Reorganisation measures;
• Deposit guarantee;
• Sanctionatory regime.