Emergency Ordinance No. 137 of 18 October 2001

The amendments and supplements to the Act no. 58 The Banking Act
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This is an official document of the Government of Romania discussing the amendments made to Law no.58/1998. The paper presents ten points that highlight different articles. The document deals with amendments in the following:

  • Definition of a significant shareholder;
  • Issues related to concerted actions of group of persons;
  • Matters related to the control of the company by one person;
  • Eligibility for being a manager of the bank;
  • Observation of prudential rules by banks;
  • Subjects related to the non-compliance of the application with the provisions.

Further, the document discusses the sanctions that can be imposed upon in case of an infringement.

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