Czech National Bank

Legal Representation During Inspections or in Sanction Proceedings with the Czech National Bank

The Czech National Bank can initiate sanction proceedings against financial entities in case of violations of relevant legal regulations or regulatory requirements, particularly the Banking Act, the Payment System Act, or AML regulations.

Collection Agencies and the New Obligation to Obtain a CNB License

According to the new Act on the Non-Performing Loans Market, collection agencies managing non-performing bank loans will now be required to obtain a license from the Czech National Bank for non-performing loans managers.

Licence for Non-Performing Loan Managers

The Chamber of Deputies approved the new Act on the Non-Performing Loans Market, which transposes Directive (EU) 2021/2167 of the European Parliament and of the Council on credit managers and credit dealers. The Czech National Bank has already published a draft implementing decree to this Act.

Crowdfunding and Participation Agreements

In February 2024, the Czech National Bank issued an opinion on the regulation of “crowdfunding” internet platforms, which operate on the principle of participation agreements.

Commentary for the Magazine Bankovnictví

In the November issue of magazine Bankovnictví, Zuzana Stuchlíková was given the opportunity to comment on the licensing process at the Czech National Bank.

Crowdfunding provider licence

Crowdfunding provider licence - in our article you can find out whether you are required to obtain a crowdfunding provider licence from the CNB and how we can help you with the licensing process.

AML inspections by the FAU or the CNB

The most common deficiencies in AML inspections by the FAU or the CNB.

Obligations of Alternative Funds (Mini-funds) after Registration on the Czech National Bank’s List

After successful registration of the alternative fund (mini-fund) in accordance with Section 15 of Act no. 240/2013 Coll., on Investment Companies and Investment Funds, as amended (the “ZISIF”) on the list of Alternative Fund Managers maintained by the Czech National Bank (the “CNB”), a new obligation arises, and each Alternative Fund Manager should be prepare for this in advance.

Quick Registration of an Alternative Fund (Mini-fund) on the Czech National Bank’s List

Stuchlíková & Partners successfully represented the applicant “ALGO EQUITIES s.r.o.” with respect to registering on the list of alternative funds (mini-funds), i.e. legal persons authorized to manage assets comparable to investment funds (the “Alternative Fund Manager“) in accordance with Section 15 of Act no. 240/2013 Coll., on Investment Companies and Investment Funds, as amended (the “ZISIF”). Stuchlíková & Partners prepared the turnkey documents necessary for the Alternative Fund Manager to submit an application for registration on the list and provided the necessary consultation and information.

Participation in the Conference “Trends in Payment Systems 2021”

Stuchlíková & Partners spoke together with representatives of the Czech Banking Association, the Ministry of Finance, Mastercard, Komerční banka, and Česká spořitelna at the conference “TRENDS IN PAYMENT SYSTEM 2021”, organized by conforum s.r.o. on 16 February 2021, with a contribution entitled Experience with Obtaining a Payment Licence. In our presentation, we focused mainly on the biggest pitfalls of the licensing process at the CNB and lessons learned from them.