Tasks and competences

Tasks and competences of the Agency

The Agency supervises capital market, issues authorizations and performs other tasks defined in the Market in Financial Instruments Act, the Investment Trusts and Management Companies Act, the Act on Alternative Investment Fund Managers, the Takeovers Act and the Pension and Disability Insurance Act. In addition to the above acts, the tasks of the Agency are also defined by the First Pension Fund of the Republic of Slovenia and the Transformation of Authorized Investment Corporations Act, the Book Entry Securities Act and the Bridging Insurance of Professional Athletes Act.

Pursuant to the Prevention of Money Laundering and Terrorist Financing Act, the Agency, being a supervisory body, is also competent for checking the implementation of the provisions of this act by the subjects it supervises. Pursuant to the Financial Conglomerates Act, which is a supplementation to the existing supervision of operations of the financial sector, the Agency, together with the Bank of Slovenia and the Insurance Supervision Agency, prescribes or co-operates in the drafting of its implementing regulations.

More specific tasks of the Agency

• The Agency grants authorisations for the operations of: 
  • brokerage companies,
  • management companies,
  • alternative investment fund manager,
  • mutual funds,
  • alternative investment funds,
  • mutual pension funds,
  • stock exchanges,
  • central securities depositories.
  
  
• Issues authorisations to acquire a qualifying holding in a:
  • brokerage company,
  • management company,
  • stock exchange,
  • central securities depository.
  
  
• Approves the prospectuses for the sale of securities to the public and the admission of securities to trading on a regulated market.
  
  
• Issues permits for takeover bids.
  
  
• Issues licenses to operate as stock broker, as well as licences to hold the office of a member of the management board of a management company, brokerage company, stock exchange or central securities depositories for the marketing of units of investment funds.
  
  
• Issues approval of the articles of association, general acts and tariff of the stock exchange.
  
  
• Supervises the management companies, alternative investment fund managers, investment funds, mutual pension funds, stock exchanges, central securities depositories, brokerage companies and banks engaged in (auxiliary) investment transactions and services (the latter only in the framework of their operations).
  
  
• Supervises the reporting of public companies and supervision over the procedures under the Takeovers Act.
  
  
• Drafts implementing regulations based on the Market in Financial Instruments Act, the Investment Funds and Management Companies Act, the Act on Alternative Investment Fund Managers, the Takeovers Act, the Pension and Disability Insurance Act, the Book Entry Securities Act and the Bridging Insurance of Professional Athletes Act.
  
  
• Keeps registers of:
  • investment firms, banks and management companies authorised to provide investment services and activities,
  • management companies,
  • tied agents,
  • alternative investment fund managers.
  
  
• Conducts minor offences proceedings for the violations of the  Market in Financial Instruments Act, the Investment Funds and Management Companies Act, the Act on Alternative Investment Fund Managers, the Takeovers Act, the Pension and Disability Insurance Act and the Book Entry Securities Act.