We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.
We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.
Prospectus for the Public Offering of Securities in Europe from Part II - Application in each Member State National reports for EU Member States
Published online by Cambridge University Press: 18 December 2009
Introduction
1. In the Czech legal system, public offering of securities, public security markets and acceptance of securities to these markets are subject to Act No. 256/2004 Coll., the Capital Market Trading Act (hereinafter the ‘CMTA’). The CMTA was adopted in 2004 and took effect upon the Czech Republic's accession to the European Union (1 May 2004). Prior to the adoption of the CMTA, capital market and securities trading issues were subject to Act No. 591/1992 Coll., the Securities Act. In addition to primarily public-law regulation of the capital market, the Securities Act contained general private-law provisions applicable to securities and certain contractual types relating to securities. However, the CMTA was drafted mainly as a public-law regulation replacing the provisions of the Securities Act applicable to these issues up to that time. The only provisions of the Securities Act remaining valid were the ones of a private-law character while the CMTA became the regulation aspiring to take the position of a codex regulating the capital market.
The CMTA has a position of special professional law in the Czech legal system. Any general issues not regulated by the CMTA are, depending on the nature thereof, subject to general private law (in particular the Commercial Code and the Civil Code) or general public law (in particular the Code of Administrative Procedure).
To save this book to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.
