Much of the relevant law in the Czech Republic is derived from EU directives and regulations. In many respects, therefore, Czech domestic legislation and rules simply give effect to pan-European legal requirements. However, since many European directives only set minimum standards, the way in which directives have been implemented across Europe can vary. In other words, the Czech Republic and other European jurisdictions have introduced domestic laws that exceed European level requirements. Moreover, directives contain obligations and discretions at a member state level, and the Czech Republic also has various domestic rules.

Czech law governing the banking and financial services is contained in separate acts for each category of the services. Accordingly, the relevant regulatory laws in the Czech Republic include the following, among others:

• The Act on Banks (No. 21/1992 Coll.)
• The Act on Business Activities on the Capital Market (No. 256/2004 Coll.)
• The Act on Bonds (No. 190/2004 Coll.)
• The Act on Investment Companies and Investment Funds (No. 240/2013 Coll.)
• The Act on Insurance Industry (No. 277/2009 Coll.)
• The Act on Financial Conglomerates (No. 377/2005 Coll.)
• The Act on Distribution of Insurance and Reinsurance (No. 170/2018 Coll.)
• The Act on Payment Systems (No. 370/2017 Coll.)
• The Bureaux-de-Change Act (No. 277/2013 Coll.)
• The Advertising Act (No. 40/1995 Coll.)
• The Trade Licensing Act (No. 455/1991 Coll.)
• The Consumer Credit Act (No. 257/2016 Coll.)
• The Act on Certain Measure against the Legalisation of Proceeds from Criminal Activity and Financing of Terrorism (No. 253/2008 Coll.)

In addition to the above acts, the general rules applicable to the supervision by the CNB are contained in the Act on Czech National Bank (No. 6/1993 Coll.) and the Act on Supervision in the Capital Market Area (No. 15/1998 Coll.). General rules applicable to financial instruments (securities) are also contained in the Czech Civil Code (Act. No. 89/2012 Coll.) and the Business Corporations Act (Act. No. 90/2012 Coll.). There is also a large volume of secondary and delegated legislation. Additionally, the CNB issues rules and guidance, which apply to the entities that the CNB regulates.

The majority of the applicable regulatory laws (although not always up to date) are available in English at: https://www.cnb.cz/en/supervision-financial-market/legislation/