Abstract
This article focuses on the entities - institutions of the financial market, especially in terms of their cancellation and termination. Financial market institutions are specific entities, whether in terms of their origin (licenses, permissions, which grants Czech National Bank - CNB in administrative proceedings), as well as to their extinction.
The bankruptcy of these institutions cannot use the general provisions of the Insolvency Act long as they are holder of the permit or license from the CNB and for this reason, the activities of these institutions end up entering into liquidation or the insolvency proceedings but after termination of license / authorization in a special mode. At all stages of operation, liquidation and bankruptcy plays a very distinct and specific role just the CNB, as a public authority.
The aim of this article is mainly to highlight the special status of financial institutions.