CNB Authorizations and Licenses

We handle CNB authorizations and registrations in the following areas

Consumer Loans

• Non-Bank Consumer Credit Provider

Investment Services

• Investment Intermediary
• Investment Firm

Payment Services & E-Money

• Payment Institution
• Small-Scale Payment Service Provider
• Small-Scale Electronic Money Issuer
• Electronic Money Institution
• Account Information Service Provider

Currency Exchange

• Currency Exchange Office

Cryptocurrencies – MiCA

• Crypto-Asset Service Provider (CASP) under MiCA
• Provider of Services Related to Virtual Assets
• Issuer of Stablecoins – Electronic Money Tokens (EMTs) under MiCA
• Issuer of Stablecoins – Asset-Referenced Tokens (ARTs) under MiCA
• Crypto-Asset Issuance – ICO – Whitepaper

Crowdfunding

• Crowdfunding Service Provider

Investment Funds

• Investment Fund Management Company
• Qualified Investor Fund
• Venture Capital Entity, formerly Alternative Fund or Mini Fund under § 15 ZISIF
• Public Offering of Foreign Investment Funds in the Czech Republic

Bonds

• Bond Issuance

Documentation for CNB authorization proceedings

As part of the authorization process, we generally prepare the following application documentation in cooperation with the client:

• Business plan
• System of risk management, including capital adequacy
• Internal control system
• Anti-Money Laundering Measures (AML/CFT)

Comprehensive services after obtaining CNB authorization

In connection with obtaining CNB authorization, we provide clients with the following services:

• Template contractual documents, especially terms and conditions and the client’s contractual documentation
• Internal regulations
• Compliance
• Anti-money laundering and counter-terrorist financing measures (AML/CFT)
• Risk management (particularly operational risk)
• Internal audit

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

• Accounting and bookkeeping, including accounting for financial institutions under Decree No. 501/2002 Coll.
• Reporting and submitting information and returns to the CNB

Finance. Capital Markets

The lawyers at Stuchlíková & Partners have extensive experience in finance, banking, and capital markets.

Our lawyers have provided advice to Czech and foreign banks, collective investment funds, pension funds, insurance companies, investment firms, issuers of securities, and other financial institutions.

Banking

The banking services offered by Stuchlíková & Partners include the following:

• Structuring financing and loans, including preparing and negotiating term sheets and mandate agreements
• Preparing and negotiating facility and security documentation for all types of loans, including acquisition, export and syndicated finance
• Refinancing existing debt and releasing existing security
• Legal due diligence for creditors and debtors
• Preparing corporate and retail banking products, including loans, custody products and investment products

Collective Investment

Our lawyers have extensive experience with collective investment:

• Establishing collective investment funds and preparing the related corporate documentation
• Creating ownership structures for companies and funds (for financing and taxes)
• Preparing and negotiating agreements with contact banks, depositary agreements, management agreements and distribution agreements
• Representation in proceedings before the Czech National Bank

Capital Market Regulation

In capital markets regulation, Stuchlíková & Partners provides the following services:

• Preparing regulatory questionnaires on various capital markets regulatory issues
• Reviewing marketing materials and sales manuals for compliance with regulatory requirements
• Public and private offerings of securities and other financial instruments
• Advice on trading in derivatives and structured financial products
• Representation in proceedings before the Czech National Bank and the Ministry of Finance
• Implementing new regulatory requirements for the internal processes of financial institutions (MiFID)
• Mandatory takeover bids, squeeze-outs
• Listing and delisting investment instruments
• Developing rules to prevent capital market manipulation (insider dealing)