Regulatory Alerts2013-01-01
Decree No. 315/2013 Coll. on Bureau-de-change Activity
The Czech National Bank issued this decree to implement Act No. 277/2013 Coll. by defining the essential elements, required annexes, and submission procedures for bureau-de-change licence applications and related notices. It mandates that all applications and notices be submitted electronically via the Bank's internet application and specifies the documentation needed to verify the integrity and trustworthiness of applicants and their officers. Additionally, the decree establishes reporting obligations for operators to submit quarterly or annual statements on foreign currency transaction volumes depending on their annual turnover thresholds.
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