Česky

Anticorruption barometer


Update history

Abolition of anonymous ownership — #131 Registration of paper shares with banks

Registered certificated shares shall be deposited with the banks and be registered on the accounts similarly to paper money when they are being deposited to current accounts; shareholders of Czech companies shall thanks to this measure be traceable as well as holders of current money accounts.

Justification and sources

Selected update

Updated: 09/2016 Parameter update history

Effectiveness:
25%
Progression:
70%
The law is in the Senate

The issue of replacing of paper shares by electronic (book-entry) securities is currently not being solved directly, but indirectly the question of identification of shareholders and ultimate beneficial owners is being dealt with, although in a very minimalist way, under the proposal of an amendment of the Act on public registers which is in the Upper Chamber of the Parliament.

Compared to current state

Updated: 01/2017 Parameter update history

Effectiveness:
25%
Progression:
90%
The law is in force

The Act on public registers introduces as of 1 January 2018 the obligation for legal persons to register information about its beneficial owner(s) to the register of beneficial owners, however, is information cannot be verified and are not public.