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Home Operation Rules General Part Chapter I. Introductory Provisions
Chapter I. Introductory Provisions Print E-mail

GENERAL PART

Article 1. Subject of the Regulation

The Prague Securities Centre Operation Rules (hereinafter only "Operation Rules") stipulate, under § 56, paragraph 7 of the Securities Act No. 591/1992 Coll., as amended (hereinafter only the "Securities Act"), the rules under which the Prague Securities Centre (hereinafter only the "SCP") provides its services connected with the keeping of the register of securities and of their owners, and performs other activities under the Securities Act.

Article 2. Binding Force of Operation Rules

  1. These Operation Rules, as well as any change therein or amendment thereof, shall become effective as of the day of their approval by the Securities Commission unless the Securities Commission sets down a later day as their effective date. Towards third persons, the Operation Rules and the amendments thereto shall become binding as of the day of the publication of the Operation Rules in Commercial Journal.
  2. Based on a contract between the SCP and a user of its services, the conditions of the provision of SCP services may be agreed upon in a way differing from the provisions of these Operation Rules, or possibly another kind of services may be provided if not in conflict with generally binding legal regulations.
  3. The Operation Rules also apply to services connected with the keeping of a part of the SCP register by another legal entity 1).

1)  § 70a of the Securities Act.

 
 

 

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