Czech National Bank measure No 282 / 1993 Coll.
Measures of the Czech National Bank laying down the conditions for certain foreign exchange transactions carried out by banks
Valid
282
MEASURES
Czech National Banks
of 2 November 1993
laying down the conditions for certain foreign exchange transactions carried out by banks
Pursuant to § 36 (c) of Act No. 6 / 1993 Coll., on České národní banka, the Czech National Bank, by this measure, determines the terms and conditions of the foreign securities business carried out by banks under the conditions laid down by the Foreign Exchange Act:
Foreign securities trading
(2) if the authorisation to operate as a bank has not been ruled out, (3) (the beneficiary bank).
Own-account trading
(1) For their own account, authorised banks may only trade foreign exchange foreign exchange and authorised banks under the provisions of § 1.
(2) On its own account, authorised banks may purchase only foreign securities acquired in accordance with generally binding legislation (especially inheritance, gift, reference, on the basis of the foreign exchange permit granted) from foreign exchange residents.
Purchases of foreign securities with a right to participate in property abroad (in particular shares, provisional certificates or units) and their sale to foreign exchange foreigners is only possible with foreign exchange allowances .4)
Foreign exchange
Qualifying banks may only trade foreign securities on a foreign account:
(a) foreign exchange foreigners,
(b) with eligible banks,
(c) foreign exchange domestic nationals who have been granted an exchange permit for the purchase or sale of foreign securities. 5)
This measure shall take effect on the day of its publication.
Governor:
Ing. Tošovský v. r.
1) Paragraph 2 (d) of Foreign Exchange Act No. 528 / 1990 Coll., as amended by Act No. 228 / 1992 Coll. (Full version No. 457 / 1992 Coll.).
2) Paragraph 3 (1) of the Foreign Exchange Act.
3) Paragraph 6 (2) of Act No. 21 / 1992 Coll., on Banks. Paragraph 7 (1) of the Foreign Exchange Act. Article 1 (3) (h) of Act No. 21 / 1992 Coll.
4) Paragraph 34 of the Foreign Exchange Act.
5) § 4, § 7 (3), § 14, § 23 (3), § 34 of the Foreign Exchange Act.
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Regulation Information
| Citation | Measure Czech National Bank No. 282 / 1993 Coll., laying down the conditions for certain foreign exchange transactions carried out by banks |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 18.11.1993 |
|---|---|
| Effective from | - |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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