The Regulation for the adoption of technical standards of the European Union applicable to solvency, liquidity and prudential supervision of banking entities and investment companies has been approved

Press release

04/04/2019

The Government, at the proposal of the Finance Officer in charge, Jordi Cinca, has approved the Regulation regarding the adoption of technical standards of the European Union applicable in terms of solvency, liquidity, prudential supervision of banking entities and investment companies.

This Regulation is framed in the fulfillment of the Monetary Agreement, by which certain European legal acts in this field have to be incorporated to the Andorran legal system.

With this text, various delegated acts and implementing regulations of the European Commission, which are part of the Monetary Agreement, are implemented. Through the approval of the Law, of December 20, of solvency, liquidity and prudential supervision of banking entities and investment companies, and the Decree approving the Regulation for the development of this text, different provisions of European legal acts regarding access to the activity of credit institutions and the supervision and prudential requirements of banking entities and investment firms has been adopted.

Source: The Government of Andorra´s Department of Communication