The European Commission and the European Banking Authority (EBA) have to be notified of any law that explicitly allows an undertaking other than a credit institution to proceed deposits from the public and other repayable funds from the authority entrusted with monitoring the implementation of the relevant law. Upon suspicion that money laundering or terrorist financing is being carried out, has been carried out or has been attempted, or that there is an increased risk of such actions in a bank, BNB shall review its approvals and, if necessary, impose supervisory measures.
A person who impedes the Central Bank, the Deputy Manager managing the Department “Banking Supervision” in the exercise of supervisory powers, shall be imposed:
a fine from BGN 1,000 to BGN 4,000, in case of repeated offence — from BGN 3,000 to BGN 12,000 when he/she is an individual. When it is a legal entity, the financial penalty shall be from BGN 50,000 to BGN 200,000, and if the same offence is repeated — from BGN 200,000 to BGN 500,000.
A licence to carry out banking business shall be issued if, within three months of receipt of the notification, the applicant certifies that certain additional conditions are met, among which subscribers of shares made contributions totalling not less than the minimum capital required to carry out banking business.
BNB issues or refuses approval within four months since the receipt of the application, but not later than six months since the receipt of the application.
By 28 June 2021, parent financial holding companies and parent mixed financial holding companies operating as of 27 June 2019 shall submit an application for approval, the National Assembly laid down.
A parent financial holding company of a Member State, a parent mixed financial holding company of a Member State, a parent financial holding company of the European Union and a parent mixed financial holding company of the European Union shall request the approval of the BNB when it is a consolidating supervisory authority.
BNB may require immediate replacement of a bank auditor who does not fulfil his obligations under this article, the MPs further decided.