Act No. 285 / 2005 Coll.
Act amending Act No. 229 / 1992 Coll., on Commodity Exchange, as amended, and Act No. 569 / 1991 Coll., on the Land Fund of the Czech Republic, as amended
Valid
Law
Effective from 01.10.2005
285
THE LAW
of 16 June 2005
amending Act No. 229 / 1992 Coll., on Commodity Exchange, as amended, and Act No. 569 / 1991 Coll., on the Land Fund of the Czech Republic, as amended
Parliament has decided on this law of the Czech Republic:
Amendment to the Commodity Exchange Act
Act No. 229 / 1992 Coll., on commodity exchanges, as amended by Act No. 216 / 1994 Coll., Act No. 105 / 1995 Coll. and Act No. 70 / 2000 Coll., is amended as follows:
1. Paragraph 1 (1), including footnote 1a, reads:
"(1) The Commodity Exchange is a legal entity established under this Act (hereinafter referred to as" the Exchange ') to organise stock exchange transactions in goods (hereinafter referred to as "commodities'), derivatives relating to commodities subject to trading on a commodity exchange (hereinafter referred to as" commodity derivatives') or with an agricultural stock list in accordance with a special legislation (1a).
(1a) Article 4 of Act No. 307 / 2000 Coll., on Agricultural Storage Forms, Agricultural Public Warehouses and on the amendment of certain related laws. '
Footnotes 1a and 1b shall be renumbered footnotes 1b and 1c, including the footnotes.
2. footnote 3 shall read:
"(3) Government Decree No. 503 / 2000 Coll., on the Commercial Journal, as amended by Government Decree No. 408 / 2003 Coll. '.
3. In Paragraph 4 (1) (j), the word "disclosure 'is replaced by" publication'.
4. in Article 10 (3), points (c), (d) and (e) are deleted;
Points (f), (g) and (h) shall be renumbered (c), (d) and (e).
5. In Article 12 (2) (b), the words "the amount and the deadlines for the payment of the membership contributions and the registration fee, the amount of the exchange fees, 'are deleted.
6. In Article 12 (2) (l), the word "publish 'is replaced by" publish'.
7. In Article 12 (2), the following points (o), (p) and (q) are inserted after point (n):
"(o) to resolve on the stock exchange rules,
(p) to decide on the amount and maturity of the membership contributions and the registration fee;
(q) determine the amount of the exchange fees; ';
Point (o) shall be renumbered as point (r).
8. in Article 17 (1), point (b) is deleted;
Points (c) and (d) shall be renumbered (b) and (c).
9. in Article 17 (1) (b), the words "and the Secretary-General of the Exchange (Article 16)" shall be deleted;
10. in Article 17 (2), "(d)" is replaced by "(c)";
11. in Paragraph 18 (2), "(c)" is replaced by "(b) a" and "the General Meeting" is replaced by "the Exchange Chamber."
12. in Article 19 (1) (b), the words "and (c)" shall be deleted;
13. in Paragraph 19 (3), "(d)" is replaced by "(c)";
14. in Article 21 (1) and (4), "(d)" shall be replaced by "(c)";
15. Paragraph 27 (7) reads:
"(7) The exchange-rate chamber shall be indicated in the exchange-rate sheet, which shall be published in the manner laid down in the Statute; where the Statute does not provide for a method of publication, the publication of the notice of data on the exchange rate sheet in the Commercial Journal shall be deemed to be a publication. ';
16. In Paragraph 29 (5), "publication 'is replaced by" publication'.
17. in § 36 (2) and (7), the word "Kčs" is replaced by "Kč."
18. The second sentence of Paragraph 36 (5) reads: "The procedure for imposing the fine referred to in paragraph 4 may be initiated within six months of the date on which the competent authority of the State administration became aware of the unauthorised use of the designation referred to in paragraph 1 (4), but no later than one year from the date on which such action took place. '
Transitional provisions
1. The Commodity Exchange established under existing legislation shall bring its internal circumstances into line with this Act by 31 December 2005 at the latest.
2. If the exchange does not comply with this law within the period referred to in paragraph 1, the provisions of its Statute which are contrary to that law shall cease to apply.
EFFECTIVE
This Law shall take effect on 1 October 2005, except for Part Two, which shall take effect on the day of its publication.
Zaoralek v. r.
Klaus v. r.
Paroubek v. r.
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Regulation Information
| Citation | Act No. 285 / 2005 Coll., amending Act No. 229 / 1992 Coll., on Commodity Exchange, as amended, and Act No. 569 / 1991 Coll., on the Land Fund of the Czech Republic, as amended |
|---|---|
| Regulation Type | Law |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 18.07.2005 |
|---|---|
| Effective from | 01.10.2005 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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