ZISIF
The Act on Investment Companies and Investment Funds (ZISIF) regulates the activities of investment fund management 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 range of persons may invest in an alternative fund under 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 an alternative fund (mini-fund) has been registered under 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”), new obligations arise, and each Alternative Fund Manager should prepare to fulfill them 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.” in its registration on the list of alternative funds (mini-funds), i.e. legal persons entitled to manage assets in a manner comparable to investment fund management (the “Alternative Fund Manager”), under Section 15 of Act No. 240/2013 Coll., on Investment Companies and Investment Funds, as amended (the “ZISIF”).