Regulatory Alerts2017-01-01
Decree No. 476/2017 Coll. amending certain decrees in connection with the termination of pension savings
The Czech National Bank issued Decree No. 476/2017 Coll. to amend multiple regulations in conjunction with the termination of pension savings. The decree systematically removes all references to pension funds and pension savings from the statutes of participant funds, the operational rules of pension companies, professional competence requirements, depositary activities, reporting obligations, and liquidator remuneration. These textual deletions and renumbering adjustments ensure that the legal framework accurately reflects the cessation of the pension savings sector effective January 1, 2018.
Share