A summary of the legal rules, decrees and current official information of the Czech National Bank concerning banking issues applying to branches of foreign banks operating under the single licence regime

(updated as of 1 January 2019)

A. Acts

Act No. 370/2017 Coll., on Payment Systems, as amended
Act No. 300/2016 Coll., on the Central Register of Accounts, as amended
Act No. 257/2016 Coll., on Consumer Credit, as amended
Act No. 277/2013 Coll., on Bureau-de-change Activity, as amended
Act No. 240/2013 Coll., on Management Companies and Investment Funds, as amended
Act No. 90/2012 Coll., on Business Corporations, as amended
Act No. 89/2012 Coll., the Civil Code, as amended
Act No. 418/2011 Coll., on Criminal Liability of Legal Entities and Proceedings Against Them, as amended
Act No. 136/2011 Coll., on the Circulation of Banknotes and Coins, as amended
Act No. 40/2009 Coll., the Criminal Code, as amended
Act No. 253/2008 Coll., on Certain Measures against Money Laundering and Terrorist Financing, as amended
Act No. 69/2006 Coll., on the Implementation of International Sanctions, as amended
Act No. 500/2004 Coll., the Administrative Procedure Code, as amended
Act No. 256/2004 Coll., on Capital Market Undertakings, as amended
Act No. 190/2004 Coll., on Bonds, as amended
Act No. 229/2002 Coll., on the Financial Arbitrator, as amended
Act No. 120/2001 Coll., on Judicial Executors and Executory Activities and on the Amendment of Other Acts, as amended
Act No. 6/1993 Coll., on the Czech National Bank, as amended
Act No. 634/1992 Coll., on Consumer Protection, as amended
Act No. 21/1992 Coll., on Banks, as amended (to the extent of rules applying to branches of foreign banks operating under the single licence regime)
Act No. 563/1991 Coll., on Accounting, as amended

Note: The above summary is an indicative list of the main legal rules; other legal rules not included above may also be applicable to branches of foreign banks operating under the single licence regime.

B. Selected decrees and official information of the Czech National Bank relating to:

1. Liquidity and the financial markets

Decree No. 253/2013 Coll. of 29 July 2013 stipulating the terms and conditions for creating minimum reserves
Official Information of 21 November 2018 regarding Articles 23, 24 and 25 of Act No. 6/1993 Coll., on the Czech National Bank, as amended, and regarding Decree No. 253/2013 Coll., stipulating the terms and conditions for creating minimum reserves
Official Information of 29 July 2011 on the manner of execution of the Czech National Bank’s operations on the domestic money market

2. System of payments and currency circulation

Decree No. 141/2018 Coll. of 26 June 2018 on reporting of major security or operational incidents by persons authorised to provide payment services (available in Czech only)
Decree No. 74/2018 Coll. of 25 April 2018 on services linked to payment accounts covered by the standardised terms (available in Czech only)
Decree No. 14/2018 Coll. of 28 January 2018 on payment systems with irrevocability of transactions (available in Czech only)
Decree No. 169/2011 Coll. of 7 June 2011 on the rules for the creation of account numbers for payments
Decree No. 274/2011 Coll. of 5 September 2011 on the implementation of certain provisions of the Act on the Circulation of Banknotes and Coins
Official Information of 21 June 2018 on the organisation of tests and supervisory tests of machines for handling domestic banknotes and coins by the Czech National Bank (available in Czech only)
Official Information of 8 January 2018 regarding major incidents reporting (available in Czech only)
Official Information of 8 January 2018 regarding reporting under the Act on Payment Systems and the cancellation of certain official information of the Czech National Bank (available in Czech only)
Official Information of 21 December 2016 on certain provisions of the Act on the Circulation of Banknotes and Coins (available in Czech only)
Official Information of 27 February 2014 on the conditions of organisation of special courses on the identification of suspected counterfeit or altered banknotes and coins held by the Czech National Bank (available in Czech only)
Official Information of 30 May 2012 on the provision of information on machines used for handling domestic banknotes and coins (available in Czech only)

3. Foreign exchange

Decree No. 315/2013 Coll. on bureau-de-change activity
Official Information of 27 February 2014 on the conditions of organisation of special courses on the identification of suspected counterfeit or altered banknotes and coins held by the Czech National Bank (available in Czech only)

4. Monetary and banking statistics

Decree No. 346/2013 Coll. on reporting of banks and foreign bank branches to the Czech National Bank, as amended (available in Czech only)
Official Information of 11 January 2016 regarding the manner of submitting of special statements and additional information (available in Czech only)

5. Central Credit Register

Decree No. 273/2014 Coll. on compiling and submitting information for the Czech National Bank database – the Central Credit Register by banks and foreign bank branches
Decree No. 164/2002 Coll. on the conditions of access to information contained in the information database of the Czech National Bank – the Central Credit Register, as amended

6. Investment services

Decree No. 424/2017 Coll. on reporting duties of some entities operating on the capital market
Decree No. 319/2017 Coll. on professional qualifications for distribution on the capital market
Decree No. 309/2017 Coll. on applications and notifications under the Capital Market Undertakings Act
Decree No. 308/2017 Coll. on the more detailed regulation of certain rules in the provision of investment services
Decree No. 249/2013 Coll. on reporting by a manager and an administrator of an investment fund or foreign fund to the Czech National Bank
Decree No. 247/2013 Coll. on applications according to the Act on Management Companies and Investment Funds, as amended
Decree No. 341/2012 Coll. on the scope of activity of a participation fund depositary, as amended (available in Czech only)
Decree No. 58/2006 Coll. on the manner of keeping separate records of investment instruments and records based on separate records of investment instruments, as amended
Official Information of 17 January 2014 regarding the conditions of admissibility of inducements in the distribution of certain products on the financial market

7. Money laundering

Decree No. 67/2018 Coll. on selected requirements for the system of internal rules, procedures and control measures against legitimisation of proceeds of crime and financing of terrorism
Official Information of 26 May 2009 on certain requirements for the system of internal principles, procedures and control measures against the legitimisation of the proceeds of crime and financing of terrorism – Recognised AML standards

8. Consumer protection and consumer credit

Decree No. 384/2016 Coll. on professional qualifications for the distribution of consumer credit
Decree No. 381/2016 Coll. on applications, notifications and the submitting of statements pursuant to the Consumer Credit Act
Official Information of 18 August 2010 on aggressive business practices based on fees which the consumer is required to pay in connection with a consumer’s complaint deemed by sellers to be unjustified (available in Czech only)

9. Central Register of Accounts

Decree No. 30/2017 Coll. regarding the implementation of the Act on the Central Register of Accounts (available in Czech only)

10. Deposit guarantee scheme

Decree No. 12/2016 Coll. on the depositor information template concerning the deposit guarantee scheme for the client