CZECH REPUBLIC Law and Practice Contributed by: Tomas Sedlacek, Zdeněk Husták, Adam Nečas and Mikuláš Zacpal, BBH, advokátní kancelář, s.r.o.
and third-party ICT providers. This Act is expect - ed to come into effect in early 2025. The CNB has not yet issued any interpreta - tions or draft decrees regarding the obligations of banks under the DORA. Nevertheless, the CNB has already joined the European standard for advanced penetration testing Threat Intelli - gence-based Ethical Red Teaming (TIBER-EU). The CNB is also organising expert seminars with financial market participants in preparation for the introduction of the DORA.
to come into effect in early 2025. The DORA is set to enter into force in January 2025. An amendment of the AoB and other related acts is currently being discussed in the Parliament. The amendment aims to transpose Directive 2024/1619 (CRD VI) and Regulation 2024/1623 (CRR III), which will complete the implementa - tion of the Basel III standard. The bill provides for a more comprehensive regulation of ESG risks, governance requirements and enhances the regulation of the branches of non-EEC banks. A draft implementing the decree and subsequently completing the implementation of CRD VI will be transposed through a decree of the CNB after the approval of the AoB amendment. As of January 2026, an amendment to the Accounting Act is scheduled to come into force. This amendment further enhances the ESG obli - gations of corporate entities. In particular, it pro - vides for annual sustainability reports and other ESG disclosures.
11. Horizon Scanning 11.1 Regulatory Developments
The Act on Financial Market Digitalisation (imple - menting the DORA) and the Act implementing Directive 2022/2381 on improving the gender balance among the directors of listed compa - nies and related measures, which were already described in 10.1 DORA Requirements, are likely
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