The CSC was established under the Act on the Czech Securities Commission and its main functions include:-
a) licensing and supervision of investment firms;
b) licensing and supervision of investment companies and collective investment funds;
c) licensing and supervision of securities exchanges, off-exchange markets and settlement systems;
d) supervision over listed securities issuers with regard to their disclosure duty;
e) supervision over activities of pension funds and insurance companies within the framework of their duties when investing in investment instruments and trading in investment instruments for own account;
f) supervision over legally specified aspects of takeover bids.
The CSC’s statutory objectives under the Act on the Czech Securities Commission include the following:-
a) to enhance the confidence of investors and issuers of investment instruments in the capital market;
b) to contribute to investor protection and the capital market development;
c) to support education in this field.
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