An amendment to the Law on Securities became effective on 26 July. The amendment liberalises trading with foreign securities (see also Slovak Tax News for July).
According to the amendment, approval from the Slovak Ministry of Finance is not required for trading in foreign securities where they are already traded in the main market in the country of the issuer.
At the same time, based on the amendment, it will also be possible for Slovak bonds to be issued abroad in a materialised form.
The information in this newsletter is correct to the best of our knowledge and belief at the time of going to press. Specific advice should be sought, however, before investment and other decisions are made.
For further information contact Mr Frank Walsh on +421 7 5340 545 Email directly on frank.walsh@arthurandersen.com.
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