Independent register of investment instruments in context of selected recent financial market trends
Abstract
Independent register of investment instruments is important component of the Czech legislation regulation capital market. This article therefore focuses on general analysis of this institute and its fundamental aspects.
Firstly, investment instruments eligible to be registered in this kind of registrar are defined, together with the list of subjects authorized by the law to keep such a registrar. In the next part of the article, the selected fundamental principles of independent registrar are analysed.
Finally, in the last chapter, de lege ferenda suggestions are provided aiming to the complex changes in the principles of relevant laws and regulations that would be appropriate to make the Czech Republic competitive in the area of financial services.