./.WORLD TRADE
ORGANIZATIONS/C/N/94
18 January 1999
(99-5568)
Council for Trade in Services Original:  English
NOTIFICATION PURSUANT TO ARTICLE III.3 OF THE
GENERAL AGREEMENT ON TRADE IN SERVICES
The following notification has been received from the delegation of the Czech Republic.
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1. Member notifying:
The Czech Republic
2. Notification under:
Article III, paragraph 3, of the General Agreement on Trade in Services.
3. Date of entry into force:
1 January 1999
Duration
Indefinite
4. Agency responsible for implementation  and enforcement of the measures:
Ministry of Finance of the Czech Republic and the Czech National Bank
5. Description of the measures:
Measures
Government Ordinance No. 129/1 998 Coll. of Laws of 6 May 1998
Description
The other cases are set forth, when the foreign exchange permit is not required.
• Foreign exchange permit, except for cases set forth in the act, is not required
(a) for a purchase or a sale of foreign currency or goldS/C/N/94
Page 2
(b) for operations in foreign securities under Article 11, paragraphs 1 and 2 of the
Foreign Exchange Act 219/1995 Coll. of Laws
(c) for operations in financial derivatives under Article 12, paragraph 1 of the Foreign
Exchange Act 219/1995 Coll. of Laws
(d) for extending financial credits under Article 14, paragraphs 1 and 2 of the Foreign
Exchange Act 219/1995 Coll. of Laws
(e) for the use of sureties under Article 15 of the Foreign Exchange Act 219/1995 Coll.
of Laws
(f) for other than direct investments under Article 16 of the Foreign Exchange
Act 219/1995 Coll. of Laws.
• Hereby it is nullified Government Ordinance No. 111/1997 of Coll. of Laws, by
which the other cases are set forth, when the foreign exchange permit is not required
for acquiring foreign securities.
• Until the day when this Government Ordinance enters into effect the
contemporaneous laws and regulations relating to acquiring foreign securities will
apply.
6. Members specifically affected, if any:
None
7. The texts are available from:
Collection of Laws of the Czech Republic, Year 1998, Part 43, Distributed on 5 June 1998.
Government Ordinance of 6 May 1998, by which the other cases are set forth, when the
foreign exchange permit is not required – No. 129/1998 Coll. of Laws.
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