Česká národní banka


Licensing and approval proceedings - Payment institutions

The prerequisites of applications and notifications regarding the activities of payment institutions, electronic money institutions, payment account information administrators, small-scale payment service providers and small-scale electronic money issuers submitted pursuant to Act No. 370/2017 Coll., the Payment System Act, are governed by Decree No. 1/2018 Coll., on applications and notifications to perform activities pursuant to the Payment System Act.

Applications may only be submitted in electronic form, i.e. using a data box or by e-mail with a recognised electronic signature to the e-mail address of the CNB’s electronic mailroom podatelna@cnb.cz (CNB contacts). The CNB recommends the use of the forms available below.

The CNB website also contains interpretative texts and answers to frequently asked questions regarding the pursuit of business under the Payment System Act. All the relevant legal rules and methodological documents are available in the section Legislation > Payment and electronic money institutions.

Act

Decrees

Selected legal acts of the European Union

  • Commission Delegated Regulation (EU) 2017/2055 (external link) supplementing Directive (EU) 2015/2366 of the European Parliament and of the Council with regard to regulatory technical standards for the cooperation and exchange of information between competent authorities relating to the exercise of the right of establishment and the freedom to provide services of payment institutions

Official information, methodological information

EBA Guidelines

Guidelines on the information to be provided for the authorisation of payment institutions and e-money institutions and for the registration of account information service providers under Article 5(5) of Directive (EU) 2015/2366 (external link) and related information from the CNB and related information from the CNB

Application and notification forms

1. Decree No. 1/2018 Coll. (hereinafter the “Decree”) lists the prerequisites of applications for a licence to operate a payment institution, electronic money institution or payment account information administrator. The CNB points out that the above-mentioned Guidelines on authorisation must also be taken into account. The Guidelines provide applicants with a greater degree of detail on the data and facts connected with the required information stipulated in the Decree.

2. Before filling in the document for the assessment of trustworthiness, it is necessary to become acquainted with the Official Information of the Czech National Bank regarding the interpretation of the terms trustworthiness and competence (pdf, 143 kB), particularly the criteria for the assessment of trustworthiness given on page 6 thereof. If the answer to any of the questions given in the document for the assessment of trustworthiness is yes, it is necessary to provide information and documents, or adduce other evidence, that will allow the CNB to make the assessment pursuant to page 6 of the Official Information.

A. Payment institution

B. Payment account information administrator

C. Electronic money institution

D. Small-scale payment service provider

E. Small-scale electronic money issuer

F. Agent