Permit for the acquisition of a qualifying holding

The entity that intends to directly or indirectly acquire shares of an insurance company on the basis of which it would achieve or exceed the qualifying holding must acquire a permit for the acquisition of a qualifying holding from the Insurance Supervision Agency prior to acquiring such a holding.

A qualifying holding is an direct or indirect holding of a business share, shares or other rights in a certain legal entity, based on which the owner acquires:

1. at least ten per cent of the voting rights or at least ten per cent % of the capital of this legal entity;

2. a share of voting rights or a share of the capital of this legal entity while is lower than ten per cent, but it enables them to exercise a significant influence over the management of this legal entity.

A request for the issue of a permit for the acquisition of a qualifying holding must include:

1. the share of the voting rights or of the capital of an insurance company the future holder of a qualifying holding intends to acquire;

2. other information referred to in the first paragraph of Article 327 of this Act, which must be included in each request.

A request for the issue of a permit for the acquisition of a qualifying holding must include evidence and information that the future holder of a qualifying holding corresponds to statutory criteria for the acquisition of a qualifying holding.

Legal protection

  • Judicial remedy: Administrative dispute
  • Competent authority: Administrative Court of the Republic of Slovenia
Last updated: 14. 08. 2015