Investor Presentaiton
Solvency II, a new, harmonised EU-wide insurance regulatory
regime, became fully applicable on 1 January 2016 in all EU
member states, including the Czech Republic.
LICENCES
The licensing of banks and other financial institutions and
matters connected with mergers and acquisitions and other
market entries are fully within the responsibilities of the CNB.
A foreign financial institution can enter the Czech market in
the following four ways:
as a new company, with up to 100 percent foreign
ownership;
• by acquiring an equity stake in an existing entity;
•
by establishing a branch of the parent institution with a
separate licence;
by establishing a financial institution of the parent based
on the licence of the parent institution (applicable to all
banks and insurance companies with a registered office
in the EU under the "single licence principle").
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