Regulatory Alerts2025-01-01
Decree No. 197/2025 Coll. on Reducing the Regulatory Burden in the Financial Market
The Czech National Bank issued Decree No. 197/2025 Coll. to reduce administrative and reporting burdens across the financial sector by amending multiple existing decrees governing banks, investment funds, insurance, and consumer credit. The regulation streamlines integrity and legal capacity assessments for natural persons by introducing flexible documentation alternatives, including Criminal Register extracts and notarized foreign certificates. It further eliminates obsolete reporting requirements, repeals outdated annexes, and exempts applicants from submitting data already accessible through public administration information systems.
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