Decree No 351 / 2003 Coll.
Order amending Decree No. 34 / 2003 Coll., determining the scope, period, time and manner of fulfilment of the reporting obligation under the Foreign Exchange Act
Valid
Order
Effective from 01.01.2004
Text versions:
01.01.2004
20.10.2003
351
DECLARATION
of 22 September 2003
amending Decree No. 34 / 2003 Coll., determining the scope, period, period and manner of fulfilment of the reporting obligation under the Foreign Exchange Act
The Czech National Bank provides for the Foreign Exchange Act pursuant to § 5 paragraphs 1, 5 and 6 of Act No. 219 / 1995 Coll., as amended by Act No. 482 / 2001 Coll.:
Decree No. 34 / 2003 Coll., specifying the scope, period, time and manner of compliance with the reporting obligation under the Foreign Exchange Act, is amended as follows:
1. In Article 1 (1), "the establishment of accounts or other forms of deposits abroad 'is replaced by" the issue of bond issuance'.
2. In Paragraph 1 (2), in the sentence, the first line is inserted after the word "bozo" and the words "who is a legal person." In the second sentence, after the word "Alien," the words "who is a legal person" shall be inserted. At the end of the paragraph, the sentence "Natural persons shall comply with the notification requirement only at the request of the Czech National Bank."
3. In Article 1, the words "and 8a 'shall be added at the end of paragraph 3.
4. In Article 1, the following paragraph 4 is added:
"(4) Compliance with the notification requirement is not required if the fact or recovery and payment notified under this decree is less than CZK 1 000 000 000. This does not apply to the fulfilment of the notification obligation under Section 2. ';
5. In Article 2 (4), the words "which is a legal person or a natural person - entrepreneur and 'are deleted.
6. In Article 7 (2), after the word "undertaking ', comma is replaced by" and for a loan between natural persons not intended for business'.
7. The following Section 8a is inserted after Section 8:
Time limits for notification of issuance of bond issues
(1) Tuzemík who issues bonds abroad will deliver a notification to the Czech National Bank within 15 calendar days of the last day of the issue period indicating the place of issue, the volume of the issue, the yield and the maturity of the bonds.
(2) The Tuzemík, which provides for the issuance of domestic bonds for foreign persons and who procures the issue of an issue or has a contractual obligation to become the first acquirer of the issue or part thereof, will deliver to the Czech National Bank within 15 calendar days of the last day of the period of issue a notification indicating the volume of the issue, yield and maturity of the bonds.
(3) Where bond issues are issued in instalments, the reporting obligation referred to in paragraphs 1 and 2 shall be fulfilled by the pencil within 15 calendar days of the issue of the relevant part of the issue.
(4) If the issue of the bond issue continues after the end of the issue period, the boogeyman will notify the Czech National Bank of the amount of the issue without undue delay.
(5) Where the issuance of bonds referred to in paragraph 2 ensures more than one person, the notification obligation shall be fulfilled by the delivery of a notification from any person involved in the security of the issuance of bonds. ';
8. Article 12 shall be deleted, including the title.
9. Paragraph 13 (1) is deleted and paragraph 2 is deleted.
10. In the first sentence of Paragraph 13, the words "used to fulfil the notification obligation 'shall be inserted after the words" Forms'.
11. the Annex to the Order is deleted.
Transitional provision
Compliance with the notification obligation under Decree No. 34 / 2003 Coll. is not required after the date of application of this Order if the deadline for the fulfilment of the notification obligation after the entry into force of this Order and if the fulfilment of the notification obligation under this Order is not required.
Efficacy
This Decree shall take effect on 1 January 2004.
Governor:
Doc. Ing. Tůma, CSc.
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Regulation Information
| Citation | Decree No 351 / 2003 Coll., amending Decree No 34 / 2003 Coll., determining the scope, period, time and manner of fulfilment of the reporting obligation under the Foreign Exchange Act |
|---|---|
| Regulation Type | Order |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 20.10.2003 |
|---|---|
| Effective from | 01.01.2004 |
| Effective until | - |
| Status | Valid |
Legal Areas:
Finance
The regulation text is for informational purposes only.
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