Regulatory Alerts2016-01-01
Decree No. 381/2016 Coll. on Applications, Notifications and Statements under the Consumer Credit Act
The Czech National Bank issued Decree No. 381/2016 Coll. to implement the Consumer Credit Act by specifying the required details, formats, and procedures for various regulatory submissions. The decree mandates specific documentation for authorizations, notifications, and accreditations involving non-bank consumer credit providers, independent intermediaries, and tied agents. It further establishes technical prerequisites for electronic submissions, rules for administrative fee payments, and obligations for annual business statements.
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