Sub-threshold Alternative Investment Fund Manager registration pursuant to Section 15 of AMCIF (zápis osoby provádějící správu majetku srovnatelnou s obhospodařováním podle § 15 ZISIF) (Czech Republic)
The Sub-threshold Alternative Investment Fund Manager registration pursuant to Section 15 of AMCIF (zápis osoby provádějící správu majetku srovnatelnou s obhospodařováním podle § 15 ZISIF) is issued by Czech National Bank (CNB) under Act No. 240/2013 Coll. on Management Companies and Investment Funds. It is a national licence: it does not give a passport to other EU/EEA states. The official register lists 458 current holders. The application fee is CZK 10,000.
At a glance
| Official name | Sub-threshold Alternative Investment Fund Manager registration pursuant to Section 15 of AMCIF (zápis osoby provádějící správu majetku srovnatelnou s obhospodařováním podle § 15 ZISIF)1 |
|---|---|
| Issued by | Czech National Bank |
| Jurisdiction | Czech Republic |
| Licence family | Fund manager |
| Legal basis | Act No. 240/2013 Coll. on Management Companies and Investment Funds1 Regulation (EU) 2020/1503 on European crowdfunding service providers for business2 Directive 2011/61/EU on Alternative Investment Fund Managers (AIFMD)3 |
| Passporting | Domestic only |
| Application fee | CZK 10,0004 |
| Statutory decision time | 30 days (general administrative code deadline)1 |
| Public register | official register5 |
| Current holders | 4585 |
What it lets you do
- Managing alternative investment funds. Performing portfolio management and risk management for funds that are not UCITS, such as hedge, private equity and real estate funds.
Where it is valid
Cost
How long it takes
Statutory: 30 days (general administrative code deadline)1. Observed: not published. The statutory clock usually starts only when the regulator treats the application as complete, and pauses while it waits for answers to its questions.
Buying a company that already holds it
Prior notification with an objection period. Under Section 18 of the Payment Systems Act (Act No. 370/2017 Coll.), any person or persons acting in concert intending to acquire, dispose of, or increase a qualifying holding in a payment institution or electronic money institution reaching or exceeding 20%, 30%, or 50% of voting rights or capital, or become the controlling person, must notify the CNB in advance via electronic filing. The CNB assesses the trustworthiness and suitability of the proposed acquirer within a statutory 60-working-day window and may initiate proceedings to issue a formal objection (vyslovení nesouhlasu). In the absence of an objection or upon affirmative notification, the acquisition may proceed. Acquiring qualifying holdings in breach of notification or objection leads to statutory forfeiture of voting rights. In contrast, for banks and investment firms under Act No. 21/1992 Coll. and Act No. 256/2004 Coll., prior approval (předchozí souhlas) is required subject to a CZK 20,000 fee under Item 66 of Act No. 634/2004 Coll. Small-scale providers (PPSMR/VEPMR) are exempt from change-of-control clearance.6
Laws behind it
- European Crowdfunding Service Providers Regulation: Regulation (EU) 2020/1503
- Alternative Investment Fund Managers Directive: Directive 2011/61/EU
Sources
- zakonyprolidi.cz: 2013 240 · retrieved 2026-09-24
- eur-lex.europa.eu: TXT (32020R1503) · retrieved 2026-09-24
- eur-lex.europa.eu: TXT (32011L0061) · retrieved 2026-09-24
- zakonyprolidi.cz: 2004 634 · retrieved 2026-09-24
- cnb.cz: fms 2024 (PDF) · retrieved 2026-09-24
- zakonyprolidi.cz: 2017 370 · retrieved 2026-09-24
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