ZISIF
The Act on Investment Companies and Investment Funds (ZISIF) regulates the activities of investment companies and investment funds in the Czech Republic. The aim of the law is to protect investors and ensure transparency and stability of the investment products market.
Who Can Be an Investor in an Alternative Fund?
Only a limited number of people can be investors in an alternative fund, pursuant to Section 15 of Act no. 240/2013 Coll., on Investment Companies and Investment Funds, as amended (the “ZISIF”).
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.