The Executive Board of the NBM approved amendments to the Regulation on holdings in the bank's share capital and the Regulation on requirements for members of the bank's management body, financial holding company or mixed holding company, managers of a bank branch in another state, persons holding key positions and the liquidator of the bank in the process of liquidation.

These amendments concern the manner in which the approval of the NBM is obtained for the acquisition of a bank's shares or for the appointment by the bank of the members of the bank's management body, of the managers of the bank branch of another state and of persons holding key positions. Thus, the respective approvals can now be obtained not only on paper, but also in electronic form, through the WEB portal of the NBM Information System.

The submission of the necessary documents for obtaining these approvals of the NBM in electronic form is possible in case the applicant holds the public key certificate, according to the Law on electronic signature and electronic document. In order to obtain the right to submit the application, the necessary documents and information, the applicant or the authorized person must register through the NBM WEB portal as a user in accordance with the NBM Information System WEB Portal User Guides.

The possibility to obtain in electronic form the approvals of the NBM for the acquisition of a bank's shares, as well as for the appointment by the bank or the branch of another state of the members of the bank's management body, of the bank branch managers of another state and of the persons holding key will reduce costs, efforts, time and will streamline the process for both the applicant and the NBM.

The electronic application form will make the process more environmentally friendly, but will also provide increased measures to protect the health of the applicants and NBM employees in pandemic conditions.