Regulatory Alerts2019-01-01
Decree No. 326/2019 Coll. amending Decree No. 426/2013 Coll. on reporting by savings and credit cooperatives to the Czech National Bank
The Czech National Bank issued Decree No. 326/2019 Coll. to amend reporting obligations for savings and credit cooperatives, specifically introducing FINREP individual financial information and interest rate risk reports while removing obsolete requirements. The decree establishes new submission deadlines, including a 37-day window for quarterly reports and a February 10 deadline for annual reports, and mandates electronic submission via the Czech National Bank's secure interface. These changes take effect on June 1, 2020, with the new interest rate risk reporting requirement applying for the first time for the period ending December 31, 2020.
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