Regulatory Alerts2020-01-01
Decree No. 518/2020 Coll. on the Submission of Information by Financial Service Intermediaries to the Czech National Bank
The Czech National Bank issued Decree No. 518/2020 Coll. to regulate the content, format, deadlines, and submission methods for annual activity reports filed by financial service intermediaries. The decree mandates that intermediaries submit these reports electronically by March 31 of the following year, with specific exemptions for entities already regulated as banks or insurers and for self-employed individuals regarding financial position data. It further establishes procedures for correcting errors, updating contact details, and converting foreign currency data using official exchange rates.
Share