Successful representation in licensing procedure at the CNB

Jul 3, 2017

Stuchlíková & Partners has provided comprehensive legal advice during the licensing procedure for a small-scale payment service provider – small payment institution at the Czech National Bank.

The legal services included establishing a company and preparing the complete documentation for obtaining a small payment institution licence – small-scale payment service provider:

  1. Application for entry in the register of small-scale payment service providers
  2. Trade licence
  3. Proof of integrity issued by the applicant’s country of origin (in the case of private individuals)
  4. Proof of integrity issued by the country of origin for each senior officer
  5. Questionnaire for each senior officer, information on professional experience, and information on the education of each senior officer who actively manages the provision of payment services
  6. Business plan (with an assessment relating to compliance with the limits)
  7. Description of the manner of providing the specific payment services
  8. Selected manner of safeguarding funds intended for payment transactions