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Newsletter PRO BONO

The Čarnogurský ULC PRO BONO newsletter focuses on new laws and various other legal matters. It is published monthly and provided free of charge.

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Being prepared in Parliament – Changes to the Deposit Protection Act

Issue: PRO BONO 09/2010

General protection of depositors has already been introduced by Directive 94/19/EC of the European Parliament and of the Council, but a need to improve the level of protection has arisen due to ongoing financial turbulence. The Amendment to the Deposit Protection Act currently under preparation will amend the minimum level of cover to comply with the above regulation, but will also affect the period for repayment of deposits.