Clifford Chance

Proposed changes to the passporting regime for MiFID firms providing services in the Czech Republic

27 August 2019

The Czech parliament is currently debating a draft Bill amending the Czech Capital Markets Act that regulates, among other things, provision of investment services by MiFID investment firms in the Czech Republic under MiFID passport. Under the draft Bill, this regulation would change in a way that MiFID investment firms from another EEA Member State wishing to provide services covered by MiFID passport in the Czech Republic under the freedom to provide services would be able to do so only on a temporary or occasional basis.

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