| Assignment Name:Assistance to the Czech Securities Commission (EBRD Project) |
Country: Czech Republic |
| Location within Country:Prague |
Professional Staff Provided by your Firm: 4 |
| Name of Client: Czech Securities Commission |
No. of Staff: 24 |
Address:Washingtonova 7
PO Box 208
11121 Praha
Czech Republic
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No. of Staff Months, Duration of assignment: 15 staff-months
Duration: 6 months |
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Start Date:May 1999 |
Completion Date:May 2001 |
Approx. Value of Services:N/A |
Name of Associated Firm(s) if any:Stephenson Harwood Law Firm
Compliance Chain Ltd..
Prohazka Randl Kubr & Partners
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No. of Months of Professional Staff Provided by Associated Firm(s): 13 staff-month |
Name of Senior Staff (Project Director/Coordinator, Team Leader) involved and functions performed:Team Leader Education ? Mr. Alexander Kickinger
Senior Trainer ? Mr. Felix Dueregger |
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Narrative Description of Project: |
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The Czech Ministry of Finance (MOF) has requested the European Bank for Reconstruction and Development (EBRD) to provide assistance in the development of a well-functioning and appropriately equipped independent regulatory authority using the services of consultants. The main project objectives at a glance were:
- reviewing and revising the existing Czech Securities Act of 1992 and related legislation
- preparing regulations that will supplement the newly adopted law according to international standards
- facilitating integration with EU legislation
- human resources skills assessment, development and training
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Description of Actual Services Provided by your Staff: |
- Development of regulations and procedures for a properly functioning Securities Commission
- Defining licenses and licensing procedures to ensure fairness, transparency, efficiency and consistency in the exercise of its powers
- Development of an appropriate organisational and management structure
- Finding appropriate operating systems for the Commission
- Training needs analysis
- Training for senior officers and other Commission staff
- Organisation of workshops with experts from other countries
- Building up co-operation with international and domestic banking and insurance regulators
- Preparation of job specifications
- Recommendations of market guarantee systems/compensation schemes
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