Regulatory Alerts2013-01-01
Decree No. 250/2013 Coll. amending Decree No. 347/2006 Coll. on certain provisions of the Act on Financial Conglomerates
The Czech National Bank issued Decree No. 250/2013 Coll. to amend Decree No. 347/2006 Coll., which implements provisions of the Act on Financial Conglomerates. The amendments primarily replace the term 'engagement' with 'exposure' throughout the text and update related references to align with regulatory terminology. Additionally, the decree deletes Section 8 and modifies specific calculation methods and cross-references within Section 10 and its annexes.
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