Press releases
28. 2. 2017
  • The CNB

CNB’s organisational changes in financial market supervision

The Bank Board of the Czech National Bank decided at its meeting on 26 January to change the name of the Supervision Department II to the Financial Market Supervision Department II with effect from 1 March. It also decided to re-organise this department, which will include reinforcement of its staffing and changes in the performance of some supervisory activities. These changes are aimed particularly at making the conduct of supervisory activities more effective and strengthening supervision in connection with new legislation.

The Financial Market Supervision Department II will newly consist of five divisions, two more than so far. 

  • Consumer Credit Provision Supervision and Control Division,
  • Payment Service Provision and Bureaux-de-Change Supervision and Control Division,
  • Financial Product Distribution Supervision Division,
  • Financial Product Distribution Control Division,
  • Capital Market Supervision and Control Division.

In connection with the above changes, some competences will be transferred between the Financial Market Supervision Department and the Financial Market Supervision Department II. This will result into a set-up where each department will see to compliance with the duties laid down in the Consumer Protection Act and the Act on Certain Measures against Money Laundering and Terrorist Financing by the entities that it supervises. In addition, the supervision of management companies and funds in the Financial Market Supervision Department II will merge as part of the above-mentioned changes.

Marek Zeman
Director, CNB Communications Division