CNB licences

Our law firm specialises in financial law and obtaining licences (registration, approval) relating to the financial market at the Czech National Bank (CNB).

Our lawyers have many years of experience in financial law and arranging licences from specialised departments of leading foreign and Czech law firms and as in-house lawyers at companies involved in financial services.

Why should you choose our law firm?

  • We have already arranged dozens of CNB licences/registrations in the area of financial services.
  • We deal with CNB licences on a daily basis.
  • We are in close contact with CNB staff, and we know the licensing process in detail, including the unwritten rules and customs.
  • We will guide you effectively through the entire CNB licensing procedure.
  • Subsequently we will provide comprehensive services relating to ​​Compliance, AML, Risk Management (especially operational risks), internal audit, CNB reporting, and bookkeeping.

We arrange CNB licences in the following areas

Payment services and electronic money issuing

  • Small-scale payment service provider
  • Small-scale electronic money issuer
  • Payment institution
  • Electronic money institution
  • Authorised representative of a payment service provider

Consumer loans

  • Non-banking provider of consumer loans
  • Consumer loan intermediary
  • Tied agent

Securities traders, investment mediators

  • Securities trader
  • Investment intermediary

Insurance and insurance and reinsurance companies

  • Insurance agent
  • Tied agent

Collective investment, investment companies, and investment funds

  • Investment fund
  • Foreign investment fund
  • Alternative fund under Article 15 ZISIF (Act no. 240/2013 Coll., on Investment Companies and Investment Funds)

Pension companies and pension funds

  • Pension company

Exchange offices and exchange service providers

  • Exchange office

Licensing documentation at the CNB

As a part of the licencing procedure, we prepare the following documentation for acquiring a CNB licence as a rule in cooperation with the client:

  • Business plan
  • System of risk management, including capital adequacy
  • Internal control system
  • Anti-Money Laundering Measures (AML/CFT)

Comprehensive services after obtaining a CNB licence

In relation to acquiring a CNB licence, we arrange the following services for our clients:

  • Template contractual documents, especially terms and conditions and the client’s contractual documentation
  • Internal regulations
  • Compliance
  • Anti-Money Laundering Measures (AML/CFT)
  • Risk Management (especially operational risks)
  • Internal audit

In cooperation with tax and accounting advisors, we also arrange the following:

  • Accounting and bookkeeping, including accounting for financial institutions in accordance with Decree no. 501/2002 Sb.
  • Reporting and submitting information and statements to the CNB

Should you be interested in our services or additional information, please do not hesitate to contact us to arrange a free initial meeting.

First consultation free