Licensing and approval proceedings - Crowdfunding service providers

The conditions for the operation of crowdfunding service providers are laid down in Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business, and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937 (hereinafter also referred to as the “Crowdfunding Regulation”), some requirements of which are further detailed in regulations supplementing the Crowdfunding Regulation and regulations stipulating technical rules for the implementation of the Crowdfunding Regulation (these regulations are currently being drafted – see below). Authorisation proceedings are also governed by national legislation, most notably Act No. 500/2004 Coll., the Administrative Procedure Code, as amended, Act No. 256/2004 Coll., on Capital Market Undertakings, as amended, and Act No. 634/2004 Coll., on Administrative Fees, as amended.

Selected European Union legislation

Official information, methodological documents

Contact point for submitting applications

The Czech National Bank has set up a contact point for receiving all information from applicants for authorisation as a crowdfunding service provider.

  • Competent authority: Czech National Bank
  • Contact point: Securities and Regulated Markets Division
  • Address: Senovážná 3, 115 03 Prague 1
  • Phone number: 224 411 111
  • E-mail: podatelna@cnb.cz
  • Data box ID: 8tgaiej

The above contact information should only be used for submitting applications. Any regulatory queries should be sent in using the relevant form. Before submitting an application, those interested in authorisation to provide crowdfunding services may ask the CNB for a preliminary consultation through the above contact point.

Submitting applications

Applications may be submitted in paper or electronic form. For practical reasons, submitting an electronic form using a data box is preferred.

Applications can be submitted in electronic form:

  • from the data box of the applicant (or their authorised representative) to the data box of the Czech National Bank (ID:  8tgaiej)
  • by sending an e-mail to podatelna@cnb.cz signed by the applicant or their authorised representative with a recognised electronic signature (an advanced electronic signature based on a qualified certificate for electronic signatures or a qualified electronic signature).

Form and essential elements of application

The essential elements of an application for authorisation to provide crowdfunding services (hereinafter referred to as the “application”) are laid down in Article 12 of the Crowdfunding Regulation together with Commission delegated Regulation (EU) supplementing Regulation (EU) 2020/1503 of the European Parliament and of the Council, adopted pursuant to Article 12(16)(a) of the Crowdfunding Regulation, the annex to which contains an application form (pp. 83–114) (external link).

The application should include:

Administrative fee for submitting applications

Item 65(4)(d) of the list of administrative fees, which forms an annex to Act No. 634/2004 Coll., on Administrative Fees, as amended, stipulates the duty to pay an administrative fee of CZK 20,000 for the application.

The fee is due on receipt of the application. To speed up the authorisation process, the CNB recommends that applicants pay the relevant administration fee at the same time as submitting the application and provide information about the payment in the application (for example by attaching proof of payment).

The administrative fee can be paid in cash at the CNB’s cash offices or direct to the CNB’s account (107-69193891/0710). The applicant’s ID number should be used as the variable symbol. The fee cannot be paid by affixing stamps.