Financial Crime World

Czech National Bank: Regulator of Financial Markets in the Czech Republic

The Czech National Bank (CNB) is the primary financial regulatory body in the Czech Republic, established under Act No. 6/1993 Coll. The institution plays a pivotal role in supervising and regulating various financial sectors, including:

  • Banking
  • Capital markets
  • Insurance
  • Pension funds
  • Credit unions
  • Currency exchange bureaus
  • Payment system institutions

Role and Mandate of the Czech National Bank

The Czech National Bank’s mandate is to ensure the stability of the financial system by setting rules and enforcing compliance across these sectors. Some of the key responsibilities of the bank include:

  • Systematically regulating and supervising financial markets
  • Setting penalties for non-compliance with established rules
  • Maintaining trust and confidence in the financial markets

Latest Updates from the CNB

A section on the CNB’s website, What’s New in Supervision, highlights recent updates from other sections of the financial market supervision platform. This includes information on:

  • Licensing and registration
  • Supervisory activities
  • International collaborations

CNB Website Sections

The CNB’s website offers several sections to cater to different stakeholders, including:

  1. Legislation: This section houses various regulations, methodological, and operational documents, explanations, FAQs, and other relevant resources associated with financial market supervision.

  2. Conduct of Supervision: This section caters to financial market entities, finance professionals, and the general public with practical information on:

    • The status of supervision
    • Licensing and approval procedures
    • Information duties of financial market entities
    • International activities

  3. Lists and Registers: This section provides access to entities operating in the Czech financial market under the CNB’s jurisdiction. Users can search for entities by name and view statistics on the number and movements of financial market entities using an application that also contains internal lists.

  4. Aggregate Financial Market Information: This section offers quantitative information on the financial sector, including regularly updated tables and publications. The CNB is required to publish regulated information, such as annual reports and half-yearly reports, from issuers of listed securities and other obliged entities under the Capital Market Undertakings Act.

  5. Significant Net Short Positions: Since November 2012, the Czech National Bank has been publishing data on significant net short positions in shares, as per Regulation (EU) of the European Parliament and the Council No 236/2012 on short selling and credit default swaps.