Emergency Ordinance No. 137 of 18 October 2001

The amendments and supplements to the Act no. 58 The Banking Act

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.

About this Publication

Published

October 2001

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