Financial Crime World

Czech National Bank: Enforcing Financial Compliance in the Czech Republic

The Czech National Bank (CNB), as outlined in Act No. 6/1993 Coll., is the primary financial regulatory body in the Czech Republic. With supervisory jurisdiction over the banking sector, capital market, insurance industry, pension funds, credit unions, foreign exchange bureaus, and payment system institutions, the CNB plays a critical role in safeguarding the financial stability of the nation.

Regulatory Oversight and Transparency

The CNB’s regulatory updates and industry information are accessible on the financial market supervision website. This includes:

  • What’s New in Supervision: New developments in regulatory oversight [1].
  • Legislation: Financial market regulations, methodological and other documents [2].
  • Conduct of Supervision: Practical information for financial market entities, finance professionals, and the general public [3].

Notes:

  1. Users can access notable exceptions, such as Lists and registers, Final decisions, and Information disclosed by issuers, on the website but not all pages are publically accessible.
  2. Some documents in this section are only available for download once logged in.

Key Sections

What’s New in Supervision

This section highlights recent regulatory changes. Users can access the latest updates online [1].

Legislation

The Legislation section offers a wealth of financial market regulations, along with methodological and other regulatory documents, explanations, FAQs, and various other resources [2].

Conduct of Supervision

This section addresses practical information for financial market entities, finance professionals, and the general public. This data is organized in a structured format and includes:

  • Updates on the status of supervision
  • Licensing and approval procedures
  • Supervisory duties for financial market entities
  • International collaborations, including memorandums of understanding

Key Resources

Lists and registers

Users can access lists of entities operating on the Czech financial market regulated by the CNB [4]. The application:

  • Supports internal lists
  • Lets users search for entities by name
  • Generates statistics on the numbers and movements of financial market entities

Aggregate financial market information

This section provides essential quantitative data on the Czech financial sector [5]. The data is published in a regular or extraordinary format in tabular form and offers valuable insights into the financial sector’s overall health and functioning.

Compliance and Disclosures

Under the Capital Market Undertakings Act, the CNB is mandated to publish “regulated information” disclosed by issuers of listed securities and other obliged entities [6]. This information includes:

  • Annual reports
  • Half-yearly reports
  • Notifications of significant shareholdings or voting rights
  • Inside information
  • Manager transactions

Since 2012, the CNB has released data on significant net short positions in shares to comply with Regulation (EU) 236/2012 on short selling and certain credit default swap aspects.

References:

[1] Czech National Bank. (n.d.). What’s New in Supervision. Retrieved January 12, 2023, from https://www.cnb.cz/en/supervision/what_s_new_in_supervision/ [2] Czech National Bank. (n.d.). Legislation. Retrieved January 12, 2023, from https://www.cnb.cz/en/legislation/ [3] Czech National Bank. (n.d.). Conduct of Supervision. Retrieved January 12, 2023, from https://www.cnb.cz/en/supervision/conduct_of_supervision/ [4] Czech National Bank. (n.d.). Lists and registers. Retrieved January 12, 2023, from https://www.cnb.cz/en/information/lists_and_registers/index.html [5] Czech National Bank. (n.d.). Aggregate Financial Market Information. Retrieved January 12, 2023, from https://www.cnb.cz/cms/cnb/index.jsp?kod=pr1647&c=d_128427 [6] Czech National Bank. (n.d.). Regulated Information. Retrieved January 12, 2023, from https://www.cnb.cz/en/market/exchanges/regulated_information/index.html