Česky

Anticorruption barometer

Abolition of anonymous ownership — #131 Registration of paper shares with banks

Registered certificated shares shall be deposited with the banks and be registered on the accounts similarly to paper money when they are being deposited to current accounts; shareholders of Czech companies shall thanks to this measure be traceable as well as holders of current money accounts.

Justification and sources

Update history

date	reason	effectiveness	progression
01/2017 current	The Act on public registers introduces as of 1 January 2018 the obligation for legal persons to register information about its beneficial owner(s) to the register of beneficial owners, however, is information cannot be verified and are not public.	Effectiveness 25%	Progression 90%	More
10/2016	The issue of replacing of paper shares by electronic (book-entry) securities is currently not being solved directly, but indirectly the question of identification of shareholders and ultimate beneficial owners is being dealt with, although in a very minimalist way, under the recently adopted amendment of the Act on public registers.	Effectiveness 25%	Progression 80%	More
09/2016	The issue of replacing of paper shares by electronic (book-entry) securities is currently not being solved directly, but indirectly the question of identification of shareholders and ultimate beneficial owners is being dealt with, although in a very minimalist way, under the proposal of an amendment of the Act on public registers which is in the Upper Chamber of the Parliament.	Effectiveness 25%	Progression 70%	More
03/2016	The issue of replacing of paper shares by electronic (book-entry) securities is currently not being solved directly, but indirectly the question of identification of shareholders and ultimate beneficial owners isbeing dealt with, although in a very minimalist way, under the proposal of an amendment of the Act on public registers which is in the Lower Chamber of the Parliament.	Effectiveness 25%	Progression 60%	More
09/2015	The issue of replacing of paper shares by electronic (book-entry) securities is currently not being solved directly, but indirectly the question of identification of shareholders and ultimate beneficial owners is, to certain extent, being dealt with under the proposal of an amendment of the Act on public registers which is under the government adoption process.	Effectiveness 50%	Progression 50%	More
08/2015	The issue of replacing of paper shares by electronic (book-entry) securities is currently not being solved, however, the question of identification of shareholders and ultimate beneficial owners is, although insufficiently, being dealt with under the proposal of an amendment of the Act on public registers.	Effectiveness 25%	Progression 40%	More