Regulatory Alerts2012-01-01
Decree No. 215/2012 Coll. on Professional Competence for the Distribution of Certain Financial Market Products
The Czech National Bank issued Decree No. 215/2012 Coll. to implement the Supplementary Pension Savings Act by defining the professional knowledge, skills, and accreditation requirements for persons distributing pension products. The decree establishes detailed criteria for accredited bodies, including premises, organizational structures, and examination board composition, while mandating specific content for examinations and application procedures. It entered into force on June 28, 2012, with provisions regarding professional knowledge and skills taking effect on January 1, 2013.
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