Collective investment and its legal regulation

RESUMÉ "Collective Investments and its Legal Regulation" Klíčová slova: kapitálový trh, investice, fondy Key words: capital market, investment, funds The dissertation is focused on a complex regulation of the collective investments according to Czech law and European law. The first chapters shall determine basic characteristics and definition of the collective investment, its role in the financial market and basic differences between collective investments and individual investments. The next chapter shall summarize history of the collective investment in the Czech Republic during last 20 years and identify the important data in the history of Czech collective investment. The third chapter shall determine the current legal framework in the area of collective investment in the Czech Republic and European Union. The following chapters shall describe units of the collective investments and other institutions, their basic characteristics, requirements for their foundation and obtaining a licence to distribute their services and products in the financial market and regulation according to requirements for the assets, investment policy and risk diversification. Within the frame of supervisory activities a regulatory body (Česká národní banka) and a depositary are defined and their roles in the collective..