Easing of the investment in securities abroad
Skopje, 20 April 2021
The National Bank Council held a regular session and adopted the Decision on amending the Decision on the manner and the terms under which residents that are not authorized banks may open and hold accounts abroad. The adopted amendments expand the possibilities for opening and holding an account abroad by residents for the purposes of transactions in securities abroad. More specifically, with the proposed amendments, in addition to a foreign bank, residents may also hold an account:
- With an authorized participant on a foreign stock exchange or on an organized securities market;
- With payment institutions or electronic money institutions abroad for commercial purposes, but also for trading in securities if they are also authorized participants on a foreign stock exchange or on an organized securities market.
The National Bank Council adopted the Decision on amending the Decision on submitting and publishing payment operations data. Namely, with this Decision, the National Bank expands the set of data in the domain of the payment statistics which were so far collected and which are largely harmonized with the standards and requirements of the payment statistics of the European Central Bank and the Bank for International Settlements.
In order to provide more detailed data on the development of the digitalization of the banking sector in the country, the National Bank will start collecting annual data related to the digital transformation of the payment services and the financial involvement of the population in the use of the digital channels for making payments. The collection of data from this area will strengthen the information basis for formulating the policies for developing the payment services and payment systems within the National Bank, for defining strategic guidelines for development of the national payment system within the competences of the National Payment System Council, as well as more generally, for all stakeholders in the overall financial system in the country by increasing the level of transparency with the publication of these data.
Most of the new data will be published on the web site of the National Bank on an annual basis, which will contribute to increasing transparency regarding the degree of digitalization in the payment area of our country.
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