Act No. 29 / 2008 Coll.
Act amending Act No. 256 / 2004 Coll., on Capital Market Business, as amended
Valid
Law
Effective from 12.02.2008
Text versions:
12.02.2008
29
THE LAW
of 16 January 2008
amending Act No. 256 / 2004 Coll., on Capital Market Business, as amended
Parliament has decided on this law of the Czech Republic:
Act No. 256 / 2004 Coll., on Capital Market Enterprise, as amended by Act No. 635 / 2004 Coll., Act No. 179 / 2005 Coll., Act No. 377 / 2005 Coll., Act No. 56 / 2006 Coll., Act No. 57 / 2006 Coll., Act No. 62 / 2006 Coll., Act No. 70 / 2006 Coll., Act No. 159 / 2006 Coll., Act No. 120 / 2007 Coll. and Act No. 296 / 2007 Coll., are amended as follows:
1. In Article 128 (3), the words "is a legal person 'are deleted.
2. In the second sentence of Paragraph 128 (10), the word "subsidy 'is inserted after the word" loan'.
3. In Paragraph 129 (1), the word "received 'is replaced by" revenue from' and the word "calendar 'is inserted after the word" last'.
4. In Paragraph 129a (2), first sentence, the word "received 'is replaced by the words" revenue from'.
5. In Article 130 (4) (d), the words "or had at any time during the last 12 months immediately preceding the date on which the notification referred to in paragraph 1 was made 'shall be inserted after the word" mine'.
6. In Paragraph 131 (3), the last sentence is replaced by the following: "If the Guarantee Fund does not raise funds on the financial market, it may, on request, be granted, for reasons of particular concern, a subsidy or a repayable financial assistance of the necessary amount from the State budget."
Transitional provisions
1. The exclusion of the right to compensation from the Guarantee Fund of securities dealers (hereinafter referred to as the Guarantee Fund) shall be assessed in accordance with the existing legislation if the notification pursuant to Article 130 (2) of Act No. 256 / 2004 Coll., on the capital market business, as amended by Act No. 57 / 2006 Coll., was made before the date of entry into force of the Act.
2. The contributions to the Guarantee Fund for the calendar year 2007 shall be calculated in accordance with Act No. 256 / 2004 Coll., as effective from the effective date of the Act. The fee or commission received by the securities dealer in the calendar year 2007 but entered in the income account already in the calendar year 2006 shall be considered as the return of the securities dealer for the calendar year 2007 for the purposes of determining the contribution to the Guarantee Fund. The fee or commission received by the securities dealer in the calendar year 2006, but not entered in the income account until the calendar year 2007, shall be deemed to be the return of the securities dealer for 2006 for the purposes of determining the contribution to the Guarantee Fund.
Efficacy
This Act shall take effect on the day of its publication.
Wolf
Klaus v. r.
Topolánek v. r.
Sign in for notes, favorites and notifications
Regulation Information
| Citation | Act No. 29 / 2008 Coll., amending Act No. 256 / 2004 Coll., on Capital Market Business, as amended |
|---|---|
| Regulation Type | Law |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 12.02.2008 |
|---|---|
| Effective from | 12.02.2008 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
Comments 0