Regulatory Alerts2017-01-01
Decree No. 308/2017 Coll. on the Detailed Regulation of Investment Services
The Czech National Bank issued Decree No. 308/2017 Coll. to implement EU regulations regarding the provision of investment services and the protection of client assets. The decree mandates strict organizational arrangements for investment firms, including precise record-keeping, monthly reconciliation of client assets, and specific rules for depositing client funds and financial instruments with third parties. Additionally, it establishes detailed requirements for the creation, offering, and distribution of financial instruments, emphasizing target market assessments, conflict of interest management, and transparency regarding costs and sustainability factors.
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