Investment Firm License: We Are Representing Two Applicants Before the CNB

We are currently representing two applicants for an investment firm license before the Czech National Bank (CNB).

Investment firm licensing proceedings are among the most extensive proceedings before the CNB. The application runs to hundreds of pages, and the CNB asks about everything: who owns the firm, who runs it, how it makes money, how it monitors risks, how it protects client data and what happens if its systems go down. We are currently handling two such proceedings in parallel.

What we prepare for our clients: the business plan and financial projections, the organizational structure, a complete set of internal regulations under MiFID (from rules of conduct toward clients to conflicts of interest), operational resilience documentation under DORA, the system of internal AML policies, supporting documents on senior management and persons with qualifying holdings, including CVs and proof of integrity, powers of attorney for the proceedings, confirmations that no court proceedings or enforcement proceedings are pending, and finally the application itself and its annexes. During the proceedings, we then communicate with the CNB, respond to its requests and supply whatever additional information the regulator requires.

Once the license has been granted, we also provide our clients with legal department services and perform their compliance, internal audit and AML functions.

Contact us at info@stuchlikova.com.