Successful representation in licensing procedure at the CNB
Stuchlíková & Partners has provided comprehensive legal advice during the licensing procedure for a small-scale payment service provider – small payment institution at the Czech National Bank.
The legal services included establishing a company and preparing the complete documentation for obtaining a small payment institution licence – small-scale payment service provider:
- Application for entry in the register of small-scale payment service providers
- Trade licence
- Proof of integrity issued by the applicant’s country of origin (in the case of private individuals)
- Proof of integrity issued by the country of origin for each senior officer
- Questionnaire for each senior officer, information on professional experience, and information on the education of each senior officer who actively manages the provision of payment services
- Business plan (with an assessment relating to compliance with the limits)
- Description of the manner of providing the specific payment services
- Selected manner of safeguarding funds intended for payment transactions