Licensing at the CNB is one of FINREG PARTNERS' key areas of expertise. We are therefore delighted to have assisted MMG Corporation s.r.o. in obtaining a payment institution licence from the Czech National Bank.
Crowdfunding investment platforms are trending, and not just because of the new regulation that came into effect on November 10. We were pleased to provide commentary on this topic for a recent article Forbes magazine.
In a special proceeding before the Czech National Bank, we successfully assisted a client, who is not based in a Member State of the European Union, in obtaining a permit to market investments in a foreign investment fund. Notably, this client was a sub-limit manager, meaning they were...
FINREG PARTNERS advised Trisbee on the re-licensing process in connection with the amendment of the new law on payment transactions following the implementation of PSD2.
On 28 December 2018, the Czech start-up Spendee, represented by our law firm, became the first in the Czech Republic to obtain a licence from the Czech National Bank (CNB) to provide payment account information services under the new Payment Services Directive (PSD2).
We successfully assisted a client based outside the European Union in obtaining registration with the Czech National Bank to offer investments in a foreign investment fund comparable to a qualified investor fund. The manager is not subject to extensive regulation in its home country.
Small-scale payment service providers, SPIs, ("Providers") and small-scale electronic money issuers, SEMIs, ("Issuers") authorised by the Czech National Bank (CNB) before 13 January 2018 should take note.
