CNB licences

Our law firm specialises in financial law and obtaining licences (registration, approval) relating to the financial market at the Czech National Bank (CNB).

Our lawyers have many years of experience in financial law and arranging licences from specialised departments of leading foreign and Czech law firms and as in-house lawyers at companies involved in financial services.

We have arranged for our clients CNB licences in the following areas:

Payment services and electronic money issuing

  • Small-scale payment service provider (4 licences)
  • Small-scale electronic money issuer (3 licences)
  • Payment institutions (1 licence)

Consumer loans

  • Non-banking providers of consumer loans (1 licence)
  • Consumer loan mediators (2 licences)

Securities traders, investment mediators

  • Securities trader (1 licence)
  • Investment mediator (1 licence)

Collective investment, investment companies, and investment funds

  • Investment fund (1 licence)
  • Foreign investment fund (2 licences)

Pension companies and pension funds

  • Pension company (1 licence)

Exchange offices

  • Exchange office (1 licence)

Our lawyers provide advice relating to financial services practically on a daily basis and are in close contact with the CNB. Thus, we are capable of quickly and effectively arranging the entire licensing procedure at the CNB for our clients.

As a part of the licencing procedure, we prepare the following documentation for acquiring a CNB licence as a rule in cooperation with the client:

  • Business plan
  • System of risk management, including capital adequacy
  • Internal control system
  • Money laundering measures (AML/CFT)

In relation to acquiring a CNB licence, we arrange the following services for our clients:

  • Template contractual documents, especially terms and conditions and the client’s contractual documentation
  • Internal regulations
  • Compliance
  • Money laundering measures (AML/CFT)

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

  • Accounting and bookkeeping, including accounting for financial institutions in accordance with Decree no. 501/2002 Sb.
  • Reporting and submitting information and statements to the CNB

Should you be interested in our services or additional information, please do not hesitate to contact us to arrange an initial meeting.