The accounting of securities traders is unique because it does not follow the same accounting procedures used for businessmen who use double-entry bookkeeping but uses the accounting procedures for securities traders. These are some similarities to the accounting procedures for banks, which even have their own prescribed chart of accounts. The financial statements of securities traders can be prepared in accordance with Slovak legislation or international IFRS standards. The Securities and Investment Services Act imposes an obligation on securities traders to have their financial statements verified by an auditor by 30.4. the following year. It also imposes an obligation to report quarterly and semi-annual results to the NBS on an ongoing basis, even publicly on the securities trader's website.
A securities trader must hold a license from the NBS, which requires a complex set of checks and controls, also the taxation of individual products offered to clients may vary.