Letter from Frank Elderson, Member of the Executive Board of the European Central Bank (ECB), to Ladislav Kamenický, Minister for Finance of the Slovak Republic, regarding a request for an ECB opinion on an amendment to the draft law amending and supplementing the Law on supervision of the financial market and the Law on resolution in the financial market.
Date: 2026-05-22
Institutions: European Central Bank
Subjects: legal basis

ECB-PUBLIC 

Frank Elderson  
Member of the Executive Board 

Mr Ladislav Kamenický 

Minister for Finance  

Ministry of Finance of the Slovak Republic 

Štefanovičova 5 

PO BOX 82 

817 82 Bratislava 

SLOVAKIA 

Frankfurt am Main, 22 May 2026 

Contact person: Mikuláš Prokop  

Mikulas.Prokop@ecb.europa.eu 

Request for an ECB opinion on an amendment to the draft law amending and supplementing the 
Law on supervision of the financial market and the Law on resolution in the financial market 

Your reference: MF/005307/2026-635 

Dear Mr Kamenický,  

Thank you for your letter of 20 April 2026 requesting an opinion of the ECB on a draft law amending and 

supplementing the Law on supervision of the financial market and the Law on resolution in the financial 

market (hereinafter the ‘draft law’) 1, which was received by the European Central Bank (ECB) on 22 April 

2026.  

The ECB understands that the draft law, inter alia, amends and supplements the Law on supervision of 

the financial market2 to implement the designation of Národná banka Slovenska (NBS) as a competent 
authority for the purposes of Regulation 2024/3005 of the European Parliament and of the Council3 and 

1  

2   
3  

Návrih zákona ktorým sa mení a dopĺňa zákon č. 747/2004 Z. z. o dohľade nad finančným trhom a o zmene a 
doplnení niektorých zákonov v znení neskorších predpisov a ktorým sa mení a dopĺňa zákon č. 371/2014 Z. z. o 
riešení krízových situácií na finančnom trhu a o zmene a doplnení niektorých zákonov v znení neskorších 
predpisov. 
Zákon č. 747/2004 Z. z. o dohľade nad finančným trhom a o zmene a doplnení niektorých zákonov. 

Regulation (EU) 2024/3005 of the European Parliament and of the Council of 27 November 2024 on the 
transparency and integrity of Environmental, Social and Governance (ESG) rating activities, and amending 
Regulations (EU) 2019/2088 and (EU) 2023/2859 (OJ L, 2024/3005, 12.12.2024, ELI: 
http://data.europa.eu/eli/reg/2024/3005/oj). 

Address 
European Central Bank  
Sonnemannstrasse 20 
60314 Frankfurt am Main  
Germany 

Postal address 
European Central Bank  
60640 Frankfurt am Main 
Germany 

Tel.: +49 69 1344 0 
www.ecb.europa.eu 

 
 
 
 
 
 
 
 
 
ECB-PUBLIC 

to integrate the new task in the supervision tasks of NBS under the Law on supervision of the financial 

market.  

Pursuant  to  Articles  127(4)  and  282(5)  of  the  Treaty  on  the  Functioning  of  the  European  Union,  in 

conjunction with Article 2(1) of Council Decision 98/415/EC 4, national authorities are required to consult 

the ECB on draft legislative provisions in its fields of competence. Pursuant to Article 2(1), third indent, of 

Decision  98/415/EC  these  provisions  include,  inter  alia,  provisions  concerning  a  national  central  bank 

(NCB). However, the ECB does not automatically adopt an opinion on draft national legislation that relates 

to NCBs, unless the draft national legislation: (1) impairs the NCB’s independence under Article 130 of 

the  Treaty;  (2)  breaches  the  monetary  financing  prohibition  under Article  123  of  the  Treaty;  or  (3)  is 

otherwise of non-marginal importance to the ECB’s fields of competence. Following careful review of the 

draft  law,  it  appears  that  the  draft  law  does  not  impair  NBS’s  independence,  or  breach  the  monetary 

financing  prohibition,  and  is  otherwise  of  marginal  importance  to  the  ECB’s  fields  of  competence. 

Consequently, the ECB has decided not to adopt an opinion in the present case.   

The ECB appreciates that you have sent the draft law to the ECB for consultation and remains confident 

that the Ministry of Finance will continue to consult the ECB on future draft legislative provisions that fall 

within the ECB’s fields of competence under the Treaty and Decision 98/415/EC. 

Yours sincerely, 

[signed] 

Cc: 

Mr Peter Kažimír, Governor of Národná banka Slovenska  

4  

Council Decision 98/415/EC of 29 June 1998 on the consultation of the European Central Bank by national 
authorities regarding draft legislative provisions (OJ L 189, 3.7.1998, p. 42, ELI: 
http://data.europa.eu/eli/dec/1998/415/oj).