Regulatory Alerts2013-01-01
Decree No. 474/2013 Coll. on Remuneration of Liquidators, Forced Administrators and Insolvency Administrators
The Czech National Bank issued Decree No. 474/2013 Coll. to establish the calculation methods and payment procedures for the remuneration and cash expenditure reimbursements of liquidators, forced administrators, and insolvency administrators in the capital market. The decree defines specific fee structures based on asset values for entities such as pension management companies, investment firms, and settlement system operators, including state subsidies for insufficient assets. It further mandates reporting requirements and payment timelines to ensure transparent compensation for these appointed officials during liquidation or bankruptcy proceedings.
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