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SLEZÁKOVÁ, A.: Comparison of Selected
Aspects of the Procedural Rules of the Financial Market Supervision Act and the
Administrative Procedure Code.
Právny obzor, 101, 2018, č. 3,
s. 267 – 283.
Abstract. One of the
subsections of financial law is financial market law consisting of a set of
legal norms governing the regulation and supervision of the financial market,
the conditions for the conduct of financial intermediaries‘ activities, the
protection of financial consumers and financial instruments. We pay attention to
a group of socio-economic relations that can be subsumed under the notion of
financial market supervision. Macro-prudential, micro-prudential supervision as
well as supervision in the area of financial consumer protection are carried out
by the National Bank of Slovakia. Within the framework of financial market
supervision, the National Bank of Slovakia conducts, among others, proceedings,
grants, licenses, approvals and prior approvals of the National Bank of
Slovakia, imposes sanctions and remedies and issues other decisions. The
legislation governing selected decisionmaking processes in the financial market
sector has undergone certain developments, from the application of the law No.
71/1967 Coll. on the Administrative Procedure (Administrative Procedure) as
amended up to Act No. 747/2004 Coll. on supervision of the financial market and
the amendment of certain regulations as amended (hereinafter the “Financial
Market Supervision Act”), which excludes the application of general regulations
on administrative procedures. The article focuses on the selected common
elements and the most important differences in the regulation of the third
section of the Financial Market Supervision Act, referred to as the procedure in
supervisory matters and the administrative procedure.
Key words: financial
market supervision, procedure in supervisory matters, administrative procedure
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ISSN 2729-9228
(online)
ISSN 0032-6984
(print)
THEORETICAL REVIEW FOR ISSUES OF STATE AND LAW.
Právny obzor is peer-reviewed journal and is indexed in SCOPUS and HeinOnline database (INDEX TO FOREIGN LEGAL PERIODICALS).
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