Registration of Consumer Credit Independent Intermediary

Who grants the licence?

Czech National Bank

 

Who needs the licence?

Anyone who wants to intermediate consumer loans on the basis of intermediary contracts concluded with a consumer or a consumer credit provider. Head of persons and staff of intermediaries must have passed a professional competence test in the field of consumer credit.

 

What will we do for you?

  • we will assign you a personal project manager who will guide you through the entire registration process
  • we will process the application for registration with the CNB and all its attachments
  • we will create complete internal regulations and procedures
  • we will set up a suitable internal organisation
  • set up internal management and control systems
  • ensure compliance and any reporting to the CNB
  • after obtaining registration, we will be ready to assist you on an ongoing basis with regulatory, internal audit or negotiations with the CNB and other regulatory bodies
  • it takes about 1 month to process all the documents on a turnkey basis
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What will we need from you to do all this?

  • information on what types of credit services you want to provide
  • information about the managers
  • information on persons with qualifying holdings up to the ultimate owner
  • evidence of a proficiency test
  • other information depending on the type of services and scope of the application

 

Who have we already arranged a licence for?

We have arranged licences for Charlie Bravo, Nexum Venture, OK Money, Smarty.cz, to name a few, Czech Triangle, Hypocity or De vries Justitia. More references can be found here.

 

How much will it cost?

The price depends on the complexity and scope of the license. After a telephone or personal consultation from us you will receive a specific written quotation. We will be happy to help you with registration. Contact us.

Do you want the licence?