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ASF Regulation No. 17/2020

Purpose: Amendment of the Regulation of the Financial Supervisory Authority no. 11/2016 on the periodic and unannounced control activity carried out by the Financial Supervisory Authority

Main measures:

  • The periodic control at the entity’s headquarters can be performed remotely in cases of extraordinary situations which endanger or could endanger health or normal working conditions, such as epidemics, pandemics, extreme natural phenomena, earthquakes, acts of terrorism and other situations.
  • The interaction between the controlled entity and the control team is carried out through electronic means of communication, such as teleconferencing, videoconferencing, e-mail, electronic platforms, as appropriate.