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Estonia · Law · SE

848

The Act on Amendments to the Credit Institutions Act and Other Acts (credit institution management and operating requirements)

avaldatud riigiteatajasEstonia· Riigikogu· ET

Introduced

16 March 2026

Last action

17 June 2026 · Accepted

Status

AVALDATUD_RIIGITEATAJAS

Sponsors

Aivar Sõerd, Vabariigi Valitsus

Subjects

Discovery layer

Source updated

17 June 2026

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Summary

The draft updates the management and operating requirements of credit institutions and investment companies in accordance with the banking package of the European Union adopted in 2024 (so-called Basel III). The changes specify the rules of governance and risk management of banks, including requirements for environmental, social and governance risks (ESG risks) and how ESG risks and principles of investing in crypto assets are taken into account. Clearer requirements are also established for the selection and compliance control of managers and key persons of banks and investment companies. The law also streamlines the system of bank committees to make their tasks and formation clearer and to reduce duplication. In addition, the rules for the merger of banks, the transfer of assets and the establishment of branches of banks in third countries are specified, and the financial inspectorate is given additional supervisory tools.

Machine translation from Estonian. The official text remains authoritative.

Timeline

  1. 16 March 2026

    AVALDATUD_RIIGITEATAJAS

    Source: SE

  2. 17 June 2026

    Accepted

Votes

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Versions

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Documents

29 official files

Lõpptekst asice

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Sponsors

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Sources

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