Reporting by payment institutions

Under the Payment Services, Services of Issuing Electronic Money and Payment Systems Act (in Slovene) and the relevant secondary legislation, payment institutions (including hybrid payment institutions and payment institutions with a waiver) are required to submit regular and ad hoc reports to the Bank of Slovenia on the following details of their operations:

Regular reports

Under the Payment Services, Services of Issuing Electronic Money and Payment Systems Act, payment institutions must regularly calculate their capital requirements and their capital, reporting these figures and the figures on which the calculations were based to the Bank of Slovenia. Detailed rules for the calculation and reporting of capital requirements and capital are described in the Decision on the capital of a payment institution, electronic money institution and a clearing house (in Slovene).

Under the Payment Services, Services of Issuing Electronic Money and Payment Systems Act, payment institutions are required to submit their financial statements to the Bank of Slovenia by the deadlines set out by law, and also the annual report and the auditor’s report on the audited annual report if required to audit. Under the Decision on the amounts of annual fees for supervision and fees regarding decisions of Bank of Slovenia under the Payment Services, Services of Issuing Electronic Money and Payment Systems Act (in Slovene), payment institutions are also required to report interim half-yearly data on the total number and value of payment transactions executed via the institution.

Ad hoc reports

Under the Payment Services, Services of Issuing Electronic Money and Payment Systems Act, payment institutions are required to notify the Bank of Slovenia without delay of any facts and circumstances affecting their fulfilment of the conditions for the provision of payment services, and of any change in the persons with whom they are in a relationship classed as a close link, or of any changes in the aforementioned relationship. The relevant documentation should be enclosed with the notification.

At the request of the Bank of Slovenia the payment institution should submit reports and information on all matters of significance to conducting supervision and exercising other Bank of Slovenia powers and tasks. The Bank of Slovenia may also request reports and information from members of the payment institution’s senior management and from persons at the payment institution directly responsible for managing business in connection with payment services, and from employees at the payment institution.