CZC PRL issued decree 389/2024 coll. amending decree 314/2013 coll., on the submission of reports to CZC CB by persons in financial institutions, as amended.
Amendments relate to submission of statements to CZC CB by persons belonging to the financial institutions sector, as amended, as per provisions set out in law.
In footnote No. 1, the third and fourth sentences refer to EU reg 2021/379 of ECB, Jan. 22, 2021 on balance sheet items of credit institutions and financial sector.
Also refers to EU reg 2024/1988, ECB, Jun. 27, 2024 on investment fund statistics and repealing Decision (EU) 2015/32 (ECB/2014/62) (ECB/2024/17) (recast).
Further amendments specify credit institutions and investment fund provisions.
Transitional provisions include that the manager shall not compile and submit the statement pursuant to Section 4, paragraph 1 of Decree 314/2013 coll.
This is as amended from the date of entry into force of this decree 389/2024 coll, if the decisive event occurred before Nov. 30, 2025, as set out in this decree.
Statement as per s. 4, para. 2, letter d) of Decree No. 314/2013 coll., as amended from effectiveness of 389/2024, the manager shall note submission instructions.
Accordingly, managers may not compile and submit for Jul. to Nov. 2025.
Decree 389/2024 coll., shall enter into force on Jul. 1, 2025.
On Oct. 29, CZC CB issued draft decree on statements' submission.
CZC CB issued draft decree amendingDecree 314/2013 coll., on the submission of statements to CZC CB by persons belonging to the sector of financial institutions.
Main Points
The amendments to the decree introduce three new statements, i.e. investment fund classification data, monthly statement of investment fund income and dividends paid.
And annual report on investment fund fees; changes re interception of the holding of equity and debt securities and equity participations without an ISIN identifier.
Indication of their basic characteristics as part of the content of the statement in Annex 1 re monthly overview of securities held/equity participations and issued securities.
Savings and credit cooperatives, payment institutions, electronic money institutions, securities dealers, their foreign branches, are exempted from this decree's obligations.
Effectiveness
Submission to interdepartmental comment procedure with a deadline of Nov. 19, 2024.
The Decree is planned to take effect on Jul. 1, 2025.
Decree 389/2024 coll., shall enter into force on Jul. 1, 2025.
Nov. 2024 Proposal Update
On Nov. 21, 2024, CZC CB stated that the proposal has been submitted for negotiations of the legislative council of the government (LRV) working committees.
CZC PRL issued decree 389/2024 coll. amending decree 314/2013 coll., on the submission of reports to CZC CB by persons in financial institutions, as amended.
Amendments relate to submission of statements to CZC CB by persons belonging to the financial institutions sector, as amended, as per provisions set out in law.
In footnote No. 1, the third and fourth sentences refer to EU reg 2021/379 of ECB, Jan. 22, 2021 on balance sheet items of credit institutions and financial sector.
Also refers to EU reg 2024/1988, ECB, Jun. 27, 2024 on investment fund statistics and repealing Decision (EU) 2015/32 (ECB/2014/62) (ECB/2024/17) (recast).
Further amendments specify credit institutions and investment fund provisions.
Transitional provisions include that the manager shall not compile and submit the statement pursuant to Section 4, paragraph 1 of Decree 314/2013 coll.
This is as amended from the date of entry into force of this decree 389/2024 coll, if the decisive event occurred before Nov. 30, 2025, as set out in this decree.
Statement as per s. 4, para. 2, letter d) of Decree No. 314/2013 coll., as amended from effectiveness of 389/2024, the manager shall note submission instructions.
Accordingly, managers may not compile and submit for Jul. to Nov. 2025.
Decree 389/2024 coll., shall enter into force on Jul. 1, 2025.
