Certain Legal Aspects of the Most Important Distinctions between the Administrative Procedure and the Procedure in Supervisory Matters

The financial market supervision in Slovakia is being performed by the National Bank of Slovakia. Within the financial market supervision, the National Bank of Slovakia conducts, among others, proceedings, grants licenses, imposes sanctions and remedies and issues other decisions. The legislation governing selected decision-making processes within financial market supervision has undergone a development, from the application of the Act No. 71/1967 Coll. On The Administrative Procedure (Administrative Procedure) as amended up to the Act No. 747/2004 Coll. On Financial Market Supervision and On Amendments to Certain Laws as amended, this excludes the application of general regulation on administrative procedures. The paper focuses on the most significant differences between the regulation of the administrative procedure and the procedure in supervisory matters.