CZECH REPUBLIC CONTENTS
6.7 Rules of Payment for Order Flow p.206 6.8 Market Integrity Principles p.206 7. High-Frequency and Algorithmic Trading p.207 7.1 Creation and Usage Regulations p.207 7.2 Requirement To Be Licensed or Registered as a Market Maker When Functioning in a Principal Capacity p.207
7.3 Regulatory Distinction Between Funds and Dealers p.207 7.4 Regulation of Programmers and Programming p.208 8. Insurtech p.208 8.1 Underwriting Processes p.208 8.2 Treatment of Different Types of Insurance p.208 9. Regtech p.208 9.1 Regulation of Regtech Providers p.208 9.2 Contractual Terms to Ensure Performance and Accuracy p.209 10. Blockchain p.209 10.1 Use of Blockchain in the Financial Services Industry p.209 10.2 Local Regulators’ Approach to Blockchain p.209 10.3 Classification of Blockchain Assets p.209 10.4 Regulation of “Issuers” of Blockchain Assets p.210 10.5 Regulation of Blockchain Asset Trading Platforms p.210 10.6 Staking p.210
10.7 Crypto-Related Lending p.211 10.8 Cryptocurrency Derivatives p.211 10.9 Decentralised Finance (DeFi) p.211 10.10 Regulation of Funds p.211 10.11 Virtual Currencies p.211 10.12 NFTs p.211 10.13 Stablecoins p.212 11. Open Banking p.212 11.1 Regulation of Open Banking p.212 11.2 Concerns Raised by Open Banking p.212 12. Fraud p.212 12.1 Elements of Fraud p.212
12.2 Areas of Regulatory Focus p.213 12.3 Responsibility for Losses p.213
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