Following the EU-wide initiatives for the introduction of special levies and taxes on financial institutions, the Slovak draft “Act on Special Levy for Selected Financial Institutions” aims to introduce a levy on the banks and branches of foreign banks in Slovakia. This article gives a short overview of the draft Bill.
What is prohibited?
Important amendment to Act of the Czech Republic No. 256/2004, Capital Markets Act, as subsequently amended (the “CMA”) which among other changes implements the EU Transparency Directive (“TD”) became effective on 1 August 2009 (the “Amendment”).