CNB authorizations and licenses

Our law firm specializes in financial regulatory law and in obtaining financial-market authorizations, registrations and licenses from the Czech National Bank (CNB).

Our lawyers draw on many years of experience gained in the specialist financial-law teams of leading international and Czech law firms and as in-house counsel in the financial services sector.

Why choose our law firm?

  • We have already handled dozens of CNB authorizations and registrations in the financial services sector.
  • We handle CNB regulatory matters on a daily basis.
  • We maintain close contact with CNB staff and understand the authorization process in detail, including established practices not set out in formal guidance.
  • We will guide you effectively through the entire CNB authorization process.
  • We then provide comprehensive services relating to compliance, AML, risk management (particularly operational risk), internal audit, CNB reporting and bookkeeping.

We handle CNB authorizations and registrations 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
  • Authorized representative of a payment service provider

Consumer loans

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

Investment firms and investment intermediaries

  • Investment firm
  • Investment intermediary

Insurance and reinsurance

  • Insurance intermediary
  • Tied agent

Collective investment, investment fund management 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

Documentation for CNB authorization proceedings

As part of the authorization process, we generally prepare the following application documentation 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 CNB authorization

In connection with obtaining CNB authorization, we provide clients with the following services:

  • Template contractual documents, especially terms and conditions and the client’s contractual documentation
  • Internal regulations
  • Compliance
  • Anti-money laundering and counter-terrorist financing measures (AML/CFT)
  • Risk management (particularly operational risk)
  • Internal audit

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

  • Accounting and bookkeeping, including accounting for financial institutions under Decree No. 501/2002 Coll.
  • Reporting and submitting information and returns to the CNB

If you are interested in our services or would like further information, please contact us to arrange an initial meeting.