NOVIS is seeking to obtain classified documents from the National Bank of Slovakia (NBS), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Commission (EC), which pertain to potential violations of EU law by NBS in its regulation of NOVIS.

In this context, NOVIS achieved a significant success. The Joint Board of Appeal of the European financial supervisory authorities (EIOPA, EBA, and ESMA) ruled that EIOPA unlawfully withheld the requested documents from NOVIS. EIOPA must reconsider its decision and reimburse NOVIS for all the costs incurred in this matter.

Further details can be found in the attached public notice: A Groundbreaking Decision in Favor of NOVIS: EIOPA Must Reconsider Its Decision to Withhold Crucial Documents.