The CNB concludes administrative enforcement proceeding against Capital Partners

The Czech National Bank has issued a final decision in the administrative enforcement proceeding against Capital Partners, a.s., which was opened in December 2010 together with the issuance of preliminary measures (pdf, 55 kB, in Czech only). In the proceeding, the Czech National Bank identified serious violations of the legal rules governing the activities of investment firms. The Czech National Bank has discontinued the proceeding, as the company is no longer an investment firm and at the same time the maximum fine of CZK 20 million was imposed on the company by a previous decision (pdf, 78 kB, in Czech only) which took effect on 22 December 2010. Owing to the termination of the investment firm licence it was not possible to impose remedial measures (including revocation of the licence) and owing to the absorption principle for the imposition of fines it was not possible to impose any further fine.

The final decision of the CNB Bank Board on the appeal of Capital Partners a.s. (anonymised in accordance with the law) is available under the following link - anonymised decision (pdf, 162 kB).

Marek Petruš
CNB spokesman