Executive Committee Act No. 178/2.10.2020 of the Bank of Greece

Executive Committee Act No. 142/11.06.2018 of the Bank of Greece

 
The Executive Committee Act. No. 142/11.6.2018 of the Bank of Greece, as amended and is in force by the Executive Committee Act. No. 178/2.10.2020 of the Bank of Greece, consolidates provisions on the authorization of credit institutions in Greece and the acquisition or increase of a qualifying holding in an existing credit institution. Furthermore, it specifies the required data and information to be submitted by credit institutions’ proposed shareholders, members of the management body and key function holders in order for the Bank of Greece to carry out a prudential assessment of the suitability of these persons. More information is also provided in the website of Bank of Greece.

Executive Committee Act No. 178/2.10.2020 of the Bank of Greece

 
The Executive Committee Act. No. 142/11.6.2018 of the Bank of Greece, as amended and is in force by the Executive Committee Act. No. 178/2.10.2020 of the Bank of Greece, consolidates provisions on the authorization of credit institutions in Greece and the acquisition or increase of a qualifying holding in an existing credit institution. Furthermore, it specifies the required data and information to be submitted by credit institutions’ proposed shareholders, members of the management body and key function holders in order for the Bank of Greece to carry out a prudential assessment of the suitability of these persons. More information is also provided in the website of Bank of Greece.

Executive Committee Act No. 224/1/21.12.2023 of the Bank of Greece

The Executive Committee Act No. 224/1/21.12.2023 of the Bank of Greece specifies the framework for the assessment of suitability to take up the position of a member of the Board of Directors or a key function holder, to be conducted by the institutions. More information is also provided in the website of Bank of Greece.

20 Largest Shareholders Notification

If a natural or legal person acquires a holding or increases an existing holding in a credit institution, as a result of which it becomes one of the twenty largest shareholders of the credit institution, it shall notify the Bank of Greece of its identity and holding percentage. The Bank of Greece may also require these persons to submit the relevant questionnaires, as appropriate. The Bank of Greece may also require natural or legal persons that hold or acquire, directly or indirectly, a holding or voting rights of more than 1% of the capital of a credit institution to provide data and submit the relevant questionnaires, as appropriate.