Amendment to the Foreign Exchange Act
The amendment explicitly specifies transactions for which a foreign exchange permission shall be required. With effect from 1 January 1999, no foreign exchange permission will be required for:
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
For further information on the above, please contact Mr Richard Fletcher by telephone on +420 2 2440 1300 or E-mail directly to Click Contact Link
The amendment explicitly specifies transactions for which a foreign exchange permission shall be required. With effect from 1 January 1999, no foreign exchange permission will be required for:
- transactions with specifically defined foreign securities;
- purchase and sale of gold and money in foreign currency;
- transactions involving specifically defined financial derivatives;
- provision of specifically defined financial loans, etc.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
For further information on the above, please contact Mr Richard Fletcher by telephone on +420 2 2440 1300 or E-mail directly to Click Contact Link
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