{"id":1248,"date":"2022-09-13T15:37:05","date_gmt":"2022-09-13T13:37:05","guid":{"rendered":"https:\/\/fialavojtech.cz\/domains\/fialavojtech.cz\/?p=1248"},"modified":"2022-09-13T16:47:29","modified_gmt":"2022-09-13T14:47:29","slug":"precenovani-vyznamu-dohledu-ceske-narodni-banky-jako-garance-pro-investory","status":"publish","type":"post","link":"https:\/\/fialavojtech.cz\/domains\/fialavojtech.cz\/2022\/09\/13\/precenovani-vyznamu-dohledu-ceske-narodni-banky-jako-garance-pro-investory\/","title":{"rendered":"P\u0159ece\u0148ov\u00e1n\u00ed v\u00fdznamu dohledu \u010cesk\u00e9 n\u00e1rodn\u00ed banky jako \u201egarance\u201c pro investory"},"content":{"rendered":"

Setk\u00e1v\u00e1m se \u010dasto s t\u00edm, \u017ee n\u011bkter\u00e9 produkty \u010di jejich tv\u016frci vyu\u017e\u00edvaj\u00ed v marketingov\u00e9 komunikace sm\u011brem k investor\u016fm hesla typu \u201eschv\u00e1leno \u010cNB\u201c, \u201epodl\u00e9h\u00e1 dohledu \u010cNB\u201c, \u201elicence \u010cNB\u201c a podobn\u00e9. V dne\u0161n\u00edm zamy\u0161len\u00ed bych se proto r\u00e1d zam\u011b\u0159il na fungov\u00e1n\u00ed \u010cesk\u00e9 n\u00e1rodn\u00ed banky jako\u017eto org\u00e1nu dohledu nad finan\u010dn\u00edm trhem a n\u011bkter\u00fdmi produkty.<\/p>\n

C\u00edl je jedin\u00fd \u2013 pos\u00edlit d\u016fv\u011bryhodnost produktu nebo instituce v o\u010d\u00edch potenci\u00e1ln\u00edho investora. Je zcela nezpochybniteln\u00fd fakt, \u017ee pokud n\u011bjak\u00fd produkt mus\u00ed proj\u00edt p\u0159es jak\u00e9koliv \u0159\u00edzen\u00ed \u010cesk\u00e9 n\u00e1rodn\u00ed banky, vy\u017eaduje to spln\u011bn\u00ed ur\u010dit\u00fdch n\u00e1le\u017eitost\u00ed \u010di podm\u00ednek. Ale tady pr\u00e1v\u011b za\u010d\u00edn\u00e1 prvn\u00ed probl\u00e9m s t\u00edm, \u017ee laik nen\u00ed v\u011bt\u0161inou schopen rozli\u0161it, jak\u00fd typ \u0159\u00edzen\u00ed p\u0159edch\u00e1zel tomu, \u017ee produkt nebo spole\u010dnost n\u011bjak\u00fdm zp\u016fsobem pro\u0161la \u010ceskou n\u00e1rodn\u00ed bankou a m\u016f\u017ee tak vyu\u017e\u00edvat v marketingov\u00e9 komunikaci tuto skute\u010dnost.
\nJsou \u0159\u00edzen\u00ed licen\u010dn\u00ed, kter\u00e1 zahrnuj\u00ed velmi p\u0159\u00edsn\u00e9 podm\u00ednky na nastaven\u00ed vnit\u0159n\u00edch proces\u016f, d\u016fv\u011bryhodnost vedouc\u00edch osob i pracovn\u00edk\u016f, udr\u017eiteln\u00fd business pl\u00e1n a pln\u011bn\u00ed pr\u016fb\u011b\u017en\u00fdch povinnost\u00ed. Takov\u00e9mu licen\u010dn\u00edmu \u0159\u00edzen\u00ed a pak n\u00e1sledn\u00e9mu dohledu jsou vystaveni nap\u0159\u00edklad i investi\u010dn\u00ed zprost\u0159edkovatel\u00e9. Stejn\u011b tak investi\u010dn\u00ed spole\u010dnosti, kter\u00e9 obhospoda\u0159uj\u00ed r\u016fzn\u00e9 fondy podl\u00e9haj\u00ed p\u0159\u00edsn\u00fdm licen\u010dn\u00edm \u0159\u00edzen\u00edm a pr\u016fb\u011b\u017en\u00e9mu dohledu. \u00dasp\u011b\u0161n\u00e9 z\u00edsk\u00e1n\u00ed a udr\u017een\u00ed licence znamen\u00e1 pro investory sign\u00e1l, \u017ee spole\u010dnost je \u0159\u00edzena profesion\u00e1ln\u011b a v souladu s legislativn\u00edmi po\u017eadavky. Neznamen\u00e1 to ale, \u017ee tato spole\u010dnost nem\u016f\u017ee svou pr\u00e1ci v praxi pro sv\u00e9 klienty d\u011blat \u0161patn\u011b, tak\u017ee se klient\u016fm jejich investice znehodnot\u00ed.<\/strong><\/p>\n

N\u011bkter\u00e9 investi\u010dn\u00ed platformy, p\u0159\u00edle\u017eitosti a poskytovatel\u00e9 v\u0161ak podl\u00e9haj\u00ed pouze oznamovac\u00ed povinnosti v\u016f\u010di \u010cNB, kter\u00e1 je zap\u00ed\u0161e do sv\u00e9ho seznamu. Maj\u00ed pak ur\u010dit\u00e9 reportovac\u00ed povinnosti, ale nelze mluvit o srovnateln\u00e9m dohledu ze strany \u010cesk\u00e9 n\u00e1rodn\u00ed banky jako u licencovan\u00fdch firem. Jedn\u00e1 se nap\u0159\u00edklad o fondy dle \u00a7 15 ZISIF (Z\u00e1kon o investi\u010dn\u00edch spole\u010dnostech a investi\u010dn\u00edch fondech). N\u011bkter\u00e9 z nich funguj\u00ed l\u00e9ta naprosto bez probl\u00e9mu a investor\u016fm ka\u017edoro\u010dn\u011b zhodnocuj\u00ed sv\u011b\u0159en\u00e9 prost\u0159edky, z n\u011bkter\u00fdch z nich se vyklubal naprost\u00fd podvod – nap\u0159\u00edklad kauza Growing Way<\/a>.<\/p>\n

Existuj\u00ed ale tak\u00e9 investi\u010dn\u00ed mo\u017enosti, kter\u00e9 \u017e\u00e1dn\u00e9mu dohledu \u010cesk\u00e9 n\u00e1rodn\u00ed banky nepodl\u00e9haj\u00ed. Jedn\u00e1 se o p\u0159\u00edm\u00e9 investice do spole\u010dnost\u00ed formou kapit\u00e1lov\u00e9ho vstupu \u010di \u00fav\u011brem, investice do nemovitost\u00ed, um\u011bn\u00ed, zlata a jin\u00e9. P\u0159esto jsou mezi investory velmi obl\u00edben\u00e9.<\/p>\n

Je tedy dohled ze strany \u010cesk\u00e9 n\u00e1rodn\u00ed banky z\u00e1rukou \u00fasp\u011b\u0161n\u00e9 investice?<\/strong>
\nU\u017e z polo\u017een\u00e9 ot\u00e1zky a textu v\u00fd\u0161e je z\u0159ejm\u00e9, \u017ee nikoliv. To, \u017ee nad n\u011b\u010d\u00edm m\u00e1 \u010cesk\u00e1 n\u00e1rodn\u00ed banka dohled, je\u0161t\u011b nen\u00ed z\u00e1rukou toho, \u017ee klient nem\u016f\u017ee prod\u011blat investovan\u00e9 pen\u00edze (i v\u0161echny). V\u017edycky jde prim\u00e1rn\u011b o to, jak je postaven\u00fd podnikatelsk\u00fd z\u00e1m\u011br, kter\u00fd m\u00e1 generovat v ur\u010dit\u00e9m \u010dase takov\u00fd zisk \u010di sumu pen\u011bz, aby bylo mo\u017en\u00e9 splnit z\u00e1vazky v\u016f\u010di investor\u016fm a dal\u0161\u00edm dodavatel\u016fm. To \u017e\u00e1dn\u00fd dohled ze strany st\u00e1tn\u00edho org\u00e1nu nezajist\u00ed. Proto je nanejv\u00fd\u0161 vhodn\u00e9 investici alespo\u0148 r\u00e1mcov\u011b porozum\u011bt \u010di se poradit s n\u011bk\u00fdm, kdo j\u00ed rozum\u00ed nejen po ekonomick\u00e9 str\u00e1nce, ale dok\u00e1\u017ee i sumarizovat pr\u00e1vn\u00ed rizika \u010di postupy v p\u0159\u00edpad\u011b \u0159e\u0161en\u00ed probl\u00e9m\u016f, nap\u0159\u00edklad p\u0159i realizaci z\u00e1stavn\u00edho pr\u00e1va k nemovitosti, pokud u\u017e se stane, \u017ee dlu\u017en\u00edk nen\u00ed schopen splnit sv\u00e9 z\u00e1vazky \u0159\u00e1dn\u011b. Proto p\u0159i pr\u00e1ci pro m\u00e9 klienty spolupracuji u slo\u017eit\u011bj\u0161\u00edch p\u0159\u00edpad\u016f s renomovanou pr\u00e1vn\u00ed kancel\u00e1\u0159\u00ed, abychom tato rizika znali a ide\u00e1ln\u011b je omezili na minimum.<\/p>\n

V praxi to znamen\u00e1, \u017ee i investi\u010dn\u00ed p\u0159\u00edle\u017eitost, kter\u00e1 nepodl\u00e9h\u00e1 dohledu \u010cesk\u00e9 n\u00e1rodn\u00ed banky, m\u016f\u017ee b\u00fdt bezpe\u010dn\u011bj\u0161\u00ed ne\u017e investice, kter\u00e1 na sob\u011b n\u011bjak\u00e9 \u201eraz\u00edtko\u201c \u010cNB m\u00e1. Nap\u0159\u00edklad dluhopis bez zaji\u0161t\u011bn\u00ed, kter\u00fd m\u00e1 schv\u00e1len\u00fd prospekt ze strany \u010cNB bude pravd\u011bpodobn\u011b rizikov\u011bj\u0161\u00ed, ne\u017e investice formou smlouvy o \u00fav\u011bru se z\u00e1stavn\u00edm pr\u00e1vem k nemovitosti pro investora. V\u017edy je to ale o detailn\u00edm posouzen\u00ed a zasazen\u00ed do investi\u010dn\u00edch c\u00edl\u016f a pl\u00e1n\u016f konkr\u00e9tn\u00edho investora.<\/p>\n

\u0158e\u0161\u00edte aktu\u00e1ln\u011b n\u011bjakou investi\u010dn\u00ed nab\u00eddku a chcete ji se mnou prodiskutovat? Ozv\u011bte se mi<\/a> a pod\u00edv\u00e1me se na to spole\u010dn\u011b.<\/p>\n","protected":false},"excerpt":{"rendered":"

Setk\u00e1v\u00e1m se \u010dasto s t\u00edm, \u017ee n\u011bkter\u00e9 produkty \u010di jejich tv\u016frci vyu\u017e\u00edvaj\u00ed v marketingov\u00e9 komunikace sm\u011brem k investor\u016fm hesla typu \u201eschv\u00e1leno \u010cNB\u201c, \u201epodl\u00e9h\u00e1 dohledu \u010cNB\u201c, \u201elicence \u010cNB\u201c a podobn\u00e9. V […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/fialavojtech.cz\/domains\/fialavojtech.cz\/wp-json\/wp\/v2\/posts\/1248"}],"collection":[{"href":"https:\/\/fialavojtech.cz\/domains\/fialavojtech.cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fialavojtech.cz\/domains\/fialavojtech.cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fialavojtech.cz\/domains\/fialavojtech.cz\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fialavojtech.cz\/domains\/fialavojtech.cz\/wp-json\/wp\/v2\/comments?post=1248"}],"version-history":[{"count":5,"href":"https:\/\/fialavojtech.cz\/domains\/fialavojtech.cz\/wp-json\/wp\/v2\/posts\/1248\/revisions"}],"predecessor-version":[{"id":1258,"href":"https:\/\/fialavojtech.cz\/domains\/fialavojtech.cz\/wp-json\/wp\/v2\/posts\/1248\/revisions\/1258"}],"wp:attachment":[{"href":"https:\/\/fialavojtech.cz\/domains\/fialavojtech.cz\/wp-json\/wp\/v2\/media?parent=1248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fialavojtech.cz\/domains\/fialavojtech.cz\/wp-json\/wp\/v2\/categories?post=1248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fialavojtech.cz\/domains\/fialavojtech.cz\/wp-json\/wp\/v2\/tags?post=1248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}