Regulatory Alerts2013-01-01
Decree No. 426/2013 Coll. on the Submission of Reports by Savings and Credit Cooperatives to the Czech National Bank
The Czech National Bank issued Decree No. 426/2013 Coll. to regulate the content, format, deadlines, and submission methods for prudential reports filed by savings and credit cooperatives. The decree mandates specific monthly, quarterly, and annual financial statements, distinguishing between individual and consolidated reporting bases, and requires electronic submission via designated secure channels. It also establishes procedures for correcting errors, maintaining organizational prerequisites for data transmission, and provides transitional provisions for the implementation of new reporting requirements.
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