Decree of the Czech National Bank and Ministry of Finance No. 261 / 1995 Coll.
Order of the Czech National Bank and Ministry of Finance setting out the deadlines and methods for fulfilling the notification obligation
Valid
Order
Effective from 13.11.1995
Contents
261
DECLARATION
Czech National Banks and Ministry of Finance
of 26 October 1995
setting out the deadlines and methods for fulfilling the notification requirement
The Czech National Bank and the Ministry of Finance provide, pursuant to § 5 (3) of Act No. 219 / 1995 Coll., Foreign Exchange Act (hereinafter referred to as "the Act"):
Cash receivables and liabilities arising from the acceptance of a loan from a foreign country
(1) Tuzemík shall comply with the reporting obligation concerning cash claims and liabilities arising from a contract of acceptance of a loan, loan or similar nature from an alien with a maturity of more than one year (hereinafter referred to as "loan") by delivering completed forms to the Czech National Bank within the time limits referred to in paragraphs 2 and 4. The Czech National Bank shall confirm receipt of the form to the notifier on request.
(2) Landlords in which the State is participating in more than 50% of their assets, the Ministry of Finance, the local authorities, state funds, if they have accepted a loan from a foreign country, shall deliver forms marked with:
(a) FORM 1, 1A by the 15th calendar day of the month following the end of the quarter in which the credit agreement was concluded;
(b) FORM 2 by 10 March of the year following the year in which the loan received from a foreign country was drawn up or repaid;
(c) Form 3 by the 15th calendar day of the month following the end of the quarter in the case of changes or corrections to the data on forms Form 1 and 2.
(3) In accordance with the procedure referred to in paragraph 2, domestic nationals who have accepted a loan secured by a State guarantee shall also comply with the notification obligation.
(4) Landlords of a legal person and of a natural person who have accepted a loan unsecured by a State guarantee, by local authorities or by state funds, shall deliver a Form FORM FORM FORM FORM 4 by 10 March of the year following the year in which the borrowing or repayment of the loan received from a stranger took place.
INCASES AND REVENUE
Tuzemík will announce to the Czech National Bank:
(a) collection and reimbursement of direct investment (1) abroad by completing the form of OZP (ČNB) 2 - 97,
(b) collection and reimbursement of direct investment by foreign persons in the Czech Republic by completing the form of OZP (ČNB) 3 - 97,
(c) direct investment or loans between non-business natural persons, with the exception of loans having the character of direct investment or loans, by filling in the OZP form (ČNB) 4 - 97.
(1) The notification (Paragraph 3) for payment to domestic accounts abroad and in respect of foreign persons is satisfied by the submission of three copies of the completed form to the bank or branch of a foreign bank (hereinafter referred to as "the bank") on presentation of the recovery order.
(2) The notification obligation for payment to domestic accounts abroad and in respect of non-residents by electronic means shall be fulfilled by the delivery of three copies of the completed form to the bank no later than seven calendar days after the execution of the recovery order.
(3) The Bank shall confirm compliance with the notification obligation on all copies of the form, one of which shall be returned to the notifier, one shall attach to the documentation of the remuneration made and one shall forward to the Czech National Bank within seven calendar days of the end of each month.
(1) The notification (§ 3) of a direct debit from domestic or foreign persons is completed by the delivery of three copies of the completed form to the bank within 20 calendar days of the crediting of the account or the date on which the insurer knew or could have known about the crediting.
(2) The Bank shall confirm compliance with the notification obligation on all copies of the form, one of which shall be returned to the notifier, one of which shall be attached to the documentation of the collection carried out and one shall be forwarded to the Czech National Bank within seven calendar days of the end of each month.
In the case of direct debits and payments referred to in § 3, other than through a bank, the pencil shall comply with the notification obligation within seven calendar days of receipt of the debit or payment by delivering two copies of the completed form to the Czech National Bank. The Czech National Bank shall return one certified copy of the form to the notifier.
THE FOREIGN ACCOUNTS
(1) Tuzemík, with the exception of the Ministry, will notify the Czech National Bank of the establishment and status of accounts abroad or of the conferral of own funds to be deposited on an account abroad by filling in the form of OZP (ČNB) 7 - 04.
(2) The legal person and the natural person shall comply with the notification requirement referred to in paragraph 1 for each quarter by the 20th calendar day of the month following the end of the quarter. A natural person who is not an entrepreneur shall comply with the notification obligation referred to in paragraph 1 for the current year by 20 January of the following year.
(3) The notification obligation is fulfilled by delivering two copies of the completed form to the Czech National Bank. The Czech National Bank shall return one certified copy of the form to the notifier.
(4) The notification obligation does not apply to the establishment and management of domestic accounts during his stay abroad under § 6 (4) (b) of the Act.
COMMON PROVISIONS
(1) The forms referred to in Part One to Part Three are Annex 1 to this Order. Forms are issued by the Czech National Bank and are available on request at the Czech National Bank branches. Forms marked "OZP (CNB)" are also available for banks on request.
(2) The notification obligation shall be fulfilled in good time even if the completed form has been demonstrably transmitted within the time limit for postal transport.
(3) The notification obligation can be fulfilled in agreement with the Czech National Bank and on technical media of information.
Forms with information on the fulfilment of the notification obligation according to Part One to Part Three completed by domestic persons under the responsibility of the Ministry of Finance shall be transmitted by the Czech National Bank to the Ministry of Finance within 30 calendar days of the end of each month.
The bodega, which is a bank, only fulfils the notification requirement under Paragraph 1.
Repeal
The Czech National Bank measure No. 93 / 1995 Coll., on direct investment in relation to the countries of the European Communities is hereby repealed.
Efficacy
This decree shall take effect on the day of its publication.
Governor:
Ing. Tošovský v. r.
Deputy Prime Minister and Minister of Finance:
Ing. Coachman CSc. v. r.
Příloha č. 1
Annex No. 1 to Decree No. 261 / 1995 Coll.
Description of individual foreign government debts and private debt guaranteed by State-sector institutions.
Schedule of repayments of principal and interest for individual foreign government debts and for private debt guaranteed by state-sector institutions
Individual foreign and private debt guaranteed by state-sector institutions
Corrections to FORM 1 and 2 reports
Foreign private collateralised debts
NOTIFICATION OF THE INSTALLATION OR CHANGE OF THE MONEY UNDERTAKING COMING FROM THE PURCHASE OF IMMOVITY IN THE FOREIGN
NOTIFICATION OF INCATES AND REIMBURSEMENTS RELATING TO EXCHANGE AND AMENDMENTS TO DIRECT INVESTMENT IN FOREIGN AND GRANTED CREDITS HAVING A DIRECT INVESTMENT CARTER
NOTIFICATION OF INKAS AND REIMBURSEMENTS RELATING TO EXCHANGE AND AMENDMENTS TO THE DIRECT INVESTMENT OF A FOREIGN INVESTMENT IN THE TERRESTRIAL AND ACCEPTED CREDITORS HAVING A DIRECT INVESTMENT CARTER
NOTIFICATION OF INKAS AND REIMBURSEMENTS RELATING TO THE ACCEPTANCE OF FINANCIAL CREDITS FROM A COUNTRY
NOTIFICATION OF INCATES AND REIMBURSEMENTS RELATING TO THE EMISSIONS OF TERM SECURITIES (TCP) IN THE FOREIGN
NOTIFICATION OF REIMBURSEMENTS RELATING TO THE PURCHASE OF STAFF OR OTHER FINANCING ACTIVITIES WHETHER THE EMILIGENT IS A FOREIGN
NOTIFICATION OF THE ESTABLISHMENT AND STATUS OF ACCOUNTS IN FOREIGN OR HEALTH OF THE OWN RESOURCES TO BE INCLUDED IN THE FOREIGN ACCOUNT
1) § 1 (k) of Act No. 219 / 1995 Coll., Foreign Exchange Act.
2) § 1 (i) of Act No. 219 / 1995 Coll.
4) § 1 (e) of Act No. 219 / 1995 Coll.
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Regulation Information
| Citation | Order of the Czech National Bank and Ministry of Finance No. 261 / 1995 Coll., setting out the deadlines and methods for fulfilling the notification obligation |
|---|---|
| Regulation Type | Order |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 13.11.1995 |
|---|---|
| Effective from | 13.11.1995 |
| Effective until | - |
| Status | Valid |
Legal Areas:
Banking, Money
Finance
The regulation text is for informational purposes only.
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