Regulatory Alerts2015-01-12
Official Information of the Czech National Bank of 12 January 2015 regarding the single licence
The Czech National Bank issued this Official Information to clarify the procedures for credit institutions and eligible financial institutions exercising cross-border activities under the EU single licence. The document details the specific reporting, minimum reserve, and legal compliance requirements for foreign branches operating in the Czech Republic, as well as the notification processes for domestic entities establishing branches or providing services in other Member States. It further specifies the administrative conditions for submitting passport notifications, including language requirements, electronic signature standards, and the handling of changes to branch particulars.
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