ARTICLE
18 September 1996

Czech News - August 96 - New Laws - Calculation Of Value Of Securities

Czech Republic Corporate/Commercial Law
Decree of the Ministry of Finance on Calculation of Value of Securities Owned by a Unit Trust or Investment Fund

The decree was published as No. 224/1996 of the Collection of Laws No. 66 and came into effect on 14 August 1996. In accordance with the Act on Investment Companies and Funds, section 17, par. 5, the decree stipulates a method of determination of the value of the following securities owned by unit trusts or investment funds:

  • publicly marketable securities traded on a domestic public market
  • foreign securities not traded on a domestic public market
  • publicly marketable securities not traded on a domestic public market
  • publicly non marketable securities

For further information please contact Richard Fletcher, Arthur Andersen, Prague, tel +42 2 2440 1300, or enter text search 'Arthur Andersen' and 'Business Monitor'

The content of this article is intended to provide general information on the subject matter. It is therefore not a substitute for specialist advice.

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