Tuesday March 22 2011

News Source: Global Disclosures

Focus: Substantial Acquisitions

Type: Correspondence with Regulators

Country: Czech Republic




Responding to a query on the status of implementation of the EU Acquisitions Directive in the Czech Republic, the Czech National Bank provided the following details:

“The Acquisitions Directive has been implemented through amendments to the following legislation:

  • Act on Banks (21/1992 Coll., http://www.cnb.cz/en/supervision_financial_market/legislation/banks_credit_unions/national_legislation.html);
  • Insurance Act (277/2009 Coll., http://www.cap.cz/Item.aspx?item=Legal+Acts+in+force&typ=HTML);
  • Capital Market Undertakings Act (256/2004 Coll., http://www.cnb.cz/en/supervision_financial_market/legislation/investmet_firms_intermediaries/national_legislation.html – investment firms and regulated marketplaces ).

Electronic applications are possible.”