On 12 October 2017, the National Council of the Slovak Republic approved an amendment to the Commercial Code by passing Act No. 264/2017 Coll., with the Act on Accounting being amended at the same time. Other laws have been amended as well, e.g., the Penal Code, the Rules of Repossession procedure, the Act on Banks, the Act on Social Insurance, the Act on Income Tax, the Act on Bankruptcy and Restructuring, and so forth.