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Press Release

2.02.18

166th Regular Session of the Government of the Republic of Slovenia

Photo: Nebojša Tejić/STA

At today’s session, the government adopted the draft Information Security Act, which systematically regulates the area of information security in Slovenia, and transposes the European Directive concerning measures for a high common level of security of network and information systems across the Union into Slovenian law. The draft act regulates measures for achieving a high level of security of networks and information systems in Slovenia which are essential to the uninterrupted operation of the state in all security conditions, provide essential services for maintaining key social and economic activities and regulates the provision of cyber defence in Slovenia.

   

At today’s session, the government defined the text of the draft Act regarding the provision of key information documents for packaged retail and insurance-based investment products for small investors. The purpose of the draft act is to provide an adequate level of information to small investors on the characteristics of packaged retail products for small investors and insurance-based investment products in an understandable manner, which is enabled by the use of key information documents. Each producer or supplier of such investment products will have to draw up a brief and concise document containing the key information, and publish it on their website. This will improve the quality of the information available to small investors when comparing various similar products. Small investors will be able to understand the characteristics of the individual products and all of the risks that they entail.

   

The government adopted the draft Act on the market in financial instruments, whose primary aim is the transposal of the Market in Financial Instruments Directive (MiFID II) into Slovenian law. The draft act inter alia regulates investors’ rights and the obligations of investment firms and supervisory institutions in greater detail. It also sets out detailed rules and procedures in connection with the system of guarantees for investors’ claims, i.e. full repayment of investors’ guaranteed claims.

   

At today’s session, the government resumed the discussion of issues related to the recognition of Palestine as an independent and sovereign state. The discussion was terminated and will be resumed at a future session after the drafting of detailed analyses of the potential consequences and effects of recognition.


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