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 mandates savings and credit cooperatives to submit detailed monthly, quarterly, and annual financial and operational reports to ensure regulatory oversight and prudential compliance. The decree specifies strict submission deadlines, electronic data formats, and content requirements for various reports including FINREP, concentration of credit, and internal group transactions. It further establishes procedures for correcting errors in submitted data and defines the specific information required for cooperatives belonging to mixed holding groups.
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