Licensing and approval proceedings - credit unions

Specimen application forms and the content of their annexes and related applications are stipulated in Decree No. 355/2020 Coll. (see below). The requisites of applications, the specimen forms on which applications should be submitted, methodological and interpretation documents are defined in the following questionnaire forms and official information of the Czech National Bank.

Decrees

Official information, methodological documents

Application forms

Questionnaire forms for the assessment of entities in compliance with the Act on Credit Unions:

The conditions for providing information in applications for authorisation as a credit institution are laid down in Commission Implementing Regulation (EU) 2022/2581 of 20 June 2022 (external link) laying down implementing technical standards for the application of Directive 2013/36/EU of the European Parliament and of the Council with regard to provision of information in applications for authorisation of a credit institution (hereinafter the “Regulation”).

Contact point for submitting applications

The Czech National Bank hereby provides the details of the contact point for the submission of all information by persons wishing to apply for authorisation as a credit institution.

Competent authority: Czech National Bank
Contact point: Financial Market Supervision Department, Administrative Proceedings Division
Address: Senovážná 3, 115 03 Praha 1
Telephone: 224 411 111
E-mail: podatelna@cnb.cz
Data mailbox ID: 8tgaiej

The above contact details are solely for the purposes of communication regarding the submission of the application (see below for information on actually submitting the application). Any professional regulatory queries should be submitted using the relevant CNB form for professional queries. Anyone interested in applying for authorisation as a credit institution can request a preliminary consultation with the CNB via the above contact point before submitting the application.

Submitting the application

The application may be submitted in paper format or in electronic form, although for practical reasons the preferred option is electronic submission via the data mailbox.

The application can be submitted in electronic form:

  • from the data mailbox of the applicant or the applicant’s authorised representative to the data mailbox of the Czech National Bank (ID: 8tgaiej)
  • by means of an e-mail sent to podatelna@cnb.cz and signed with the recognised electronic signature (either an advanced electronic signature based on a qualified certificate for electronic signatures, or a qualified electronic signature) of the applicant or the applicant’s authorised representative.

Language of the application

The application form, notifications and all other related additional information may be submitted in Czech or Slovak. The party to the proceedings shall submit the original of any foreign language document accompanied by an official translation into Czech unless the administrative authority informs the party to the proceedings that it does not require a translation.

The Regulation shall apply to applications for authorisation as a credit institution submitted from 18 July 2023 onwards.

Application form and formal requirements of the application

Applicants for authorisation as a credit institution shall submit the information set out in Articles 1 to 9 of Commission Delegated Regulation (EU) 2022/2580 of 17 June 2022 (external link) supplementing Directive 2013/36/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the information to be provided in the application for the authorisation as a credit institution, and specifying the obstacles which may prevent the effective exercise of supervisory functions of competent authorities (hereinafter “Regulation 2022/2580”) by filling in the template set out in the Annex to the Regulation.

Applications for authorisation as a credit institution shall be deemed to be complete if they contain all the information required by Regulation 2022/2580.