What is Decree No. 31 / 2014 Coll.?

Decree No. 31 / 2014 Coll., amending Decree No. 141 / 2011 Coll., on the performance of the activities of payment institutions, electronic money institutions, small-scale payment service providers and small-scale electronic money publishers — Decree amending Decree No. 141 / 2011 Coll., on the performance of the activities of payment institutions, electronic money institutions, small-scale payment service providers and small-scale electronic money publishers.

When it became Decree No. 31 / 2014 Coll. effectiveness?

Decree No. 31 / 2014 Coll. became effective 15.03.2014.

Is Decree No. 31 / 2014 Coll. still valid?

Yes, Decree No. 31 / 2014 Coll. is still valid and effective.

Decree No. 31 / 2014 Coll.

Decree amending Decree No. 141 / 2011 Coll., on the performance of the activities of payment institutions, electronic money institutions, small-scale payment service providers and small-scale electronic money publishers

Valid Effective from 15.03.2014

Čl. I „§ 36 „§ 48 Čl. II

DECLARATION

of 13 February 2014

amending Decree No 141 / 2011 Coll., on the performance of the activities of payment institutions, electronic money institutions, small-scale payment service providers and small-scale electronic money publishers

The Czech National Bank provides pursuant to Section 142 of Act No. 284 / 2009 Coll., on payment transactions, as amended by Act No. 139 / 2011 Coll., ("the Act '):

Čl. I

Decree No 141 / 2011 Coll., on the performance of the activities of payment institutions, electronic money institutions, small-scale payment service providers and small-scale electronic money issuers, is amended as follows:

1. Paragraph 36, including the title and footnote 15, reads as follows:

„§ 36

Subordinated debt

For the definition of subordinated debt, the provisions on own funds instruments and subordinated loans included in Tier 215 apply mutatis mutandis under Regulation (EU) No 575 / 2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648 / 2012 ("the Regulation ').

(15) Article 62 (a) and (b) and Articles 63 to 65 of the Regulation. "

2. in Paragraph 37 (c), including footnote 16:

"(c) the exposure value of a securitisation that would be assigned a risk weight of 1 250% 16 under the Regulation.

16) Article 251 or Article 261 of the Regulation. "

(3) Paragraph 48, including footnotes 19 and 22, reads:

„§ 48

(Articles 20 (4) and 52e (4) of the Law)

Low risk assets shall be understood as:

(a) debt securities which would receive a risk weight of up to 50% 19 under the Standardised Approach for Credit Risk under the Regulation; and

(b) securities issued by standard fondem22) which invest exclusively in the securities referred to in (a).

19) Article 336 (1) Table 1 of the Regulation.

22) Paragraph 94 (1) of Act No. 240 / 2013 Coll., on Investment Companies and Investment Funds. '

Čl. II

Efficacy

This decree shall take effect on the 15th day following its publication.

Governor:

Ing. Singer, Ph.D., v. r.

Čl. I „§ 36 „§ 48 Čl. II

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Regulation Information

Citation	Decree No. 31 / 2014 Coll., amending Decree No. 141 / 2011 Coll., on the performance of the activities of payment institutions, electronic money institutions, small-scale payment service providers and small-scale electronic money publishers
Regulation Type	-
Author	-
Collection	Code of Laws

Date of Promulgation	28.02.2014
Effective from	15.03.2014
Effective until	-
Status	Valid

The regulation text is for informational purposes only.

Decree No. 31 / 2014 Coll.

Decree amending Decree No. 141 / 2011 Coll., on the performance of the activities of payment institutions, electronic money institutions, small-scale payment service providers and small-scale electronic money publishers

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