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2014-01-01

Decree No. 310/2014 Coll. amending Decree No. 426/2013 Coll. on reporting by savings and credit cooperatives

The Czech National Bank issued Decree No. 310/2014 Coll. to amend reporting requirements for savings and credit cooperatives under Decree No. 426/2013 Coll. The amendment updates submission deadlines for specific financial statements to 29 days after the month-end and modifies the quarterly report deadline to March 25. Additionally, the decree abolishes certain reporting sections and updates the structure of the annexes governing these disclosures.

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310 DECREES of 11 December 2014, amending Decree No. 426/2013 Coll. on the submission of statements by savings and credit cooperatives to the Czech National Bank

The Czech National Bank, pursuant to Section 41(3) of Act No. 6/1993 Coll., on the Czech National Bank, as amended by Act No. 227/2013 Coll., has determined:

Article I Decree No. 426/2013 Coll. on the submission of statements by savings and credit cooperatives to the Czech National Bank is amended as follows:

  1. In Section 3(2)(b), the text reads: "(b) within 29 days after the end of the calendar month to which they relate, these statements:

  2. DZ (CNB) 41-12 "Report on the categorization of claims of a savings cooperative",

  3. FIS (CNB) 10-12 "Balance sheet and off-balance sheet items",

  4. FIS (CNB) 20-12 "Income statement",

  5. FIS (CNB) 40-12 "Supplementary information to the balance sheet" and

  6. FIS (CNB) 50-12 "Supplementary information to the income statement"."

  7. Section 4(2) is repealed. The previous paragraphs 3 to 5 are designated as paragraphs 2 to 4.

  8. In Section 4, paragraph 4 reads: "(4) The statement prepared pursuant to paragraph 3 for the 4th quarter shall be submitted by 25 March of the following year."

  9. In Section 6(1), the words "up to 3" are replaced by the words "and 2".

  10. Section 10, including its heading, is repealed.

  11. Annex No. 1 reads: "Annex No. 1 to Decree No. 426/2013 Coll.

Article II Entry into force This decree shall enter into force on 1 January 2015. Governor: Ing. Singer, Ph.D., in person"

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