Legislation

The Guarantee System was founded on 1st January 2016 through transformation from the former Deposit Insurance Fund under the Act on Financial Crisis Prevention and Resolution (published in the collection of laws as Act No 374/2015). In relation to the enactment of the Financial Crisis Prevention and Resolution Act, a number of other Acts were amended by Act No 375/2015 Coll., while the Act on Banks underwent the most significant change.

The Czech legislation for the new framework for financial market stability support is based on two key European directives. The first is Directive 2014/59/EU of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms, known under its English title the Bank Recovery and Resolution Directive or the BRRD. The second is Directive 2014/49/EU of the European Parliament and of the Council on deposit guarantee schemes, also known under its English title the Deposit Guarantee Scheme Directive or as DGSD.

Useful links to selected legislation relevant to Guarantee System activities:

Useful links to legislation relevant to deposit insurance:

Useful links to legislation relevant to crisis resolution mechanisms: