When the obligation applies
- Central securities depository and linked central securities records.
- Separate investment instrument records and records linked to them.
- Investment market operator.
- Authorised investment services provider.
Exceptions and important distinctions
- A tied agent under section 2(4) is not a separate obliged entity, except for the information duty under section 24(1).
- Read the category with section 2(3): the activity must form part of the business, subject to statutory exceptions for non-business legal entities, lawyer partners and the specified trust activity.
From first engagement to retention
Read this workflow with the scope and exceptions for this profession. Evidence of a measure follows its actual performance.
1. Before starting: verify scope
Record the actual service, parties and why it falls within the scope above. Assess exceptions for each measure, rather than applying them to the entire client relationship.
2. While providing the service: apply sector steps
- Check authorisation and the product actually supplied.
- Configure identification, due diligence, ongoing monitoring and reporting for the product.
- Determine the Czech National Bank and FAÚ supervisory remit for the particular authorisation.
When the service, party or relevant circumstances change, revisit the affected step. This profession’s special regime takes precedence over a generic checklist.
3. Closure: document the outcome under the applicable regime
- Authorisation and product map
- Customer and transaction records
- Risk assessment, internal procedures and review records
Determine which records to retain and under what legal basis. For a customer of an obliged entity this concerns cooperation, not taking over the provider’s duties.
§ 2 odst. 1 písm. b) body 1–3; odst. 4Supervision and legal basis
FAÚ; the Czech National Bank for entities within its supervisory remit under section 35(1)(a).
§ 2 odst. 1 písm. b) body 1–3; odst. 4 ↗
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