{"id":284,"date":"2022-11-30T15:59:49","date_gmt":"2022-11-30T15:59:49","guid":{"rendered":"https:\/\/www.czechbankingnews.cz\/?p=284"},"modified":"2022-11-30T15:59:49","modified_gmt":"2022-11-30T15:59:49","slug":"regulace-crowdfundingu-v-cechach-uz-od-pristiho-roku","status":"publish","type":"post","link":"https:\/\/www.czechbankingnews.cz\/?p=284","title":{"rendered":"Regulace crowdfundingu: v \u010cech\u00e1ch u\u017e od p\u0159\u00ed\u0161t\u00edho roku"},"content":{"rendered":"<p><strong>V\u00a0Evrop\u011b postupn\u011b za\u010d\u00edn\u00e1 platit regulace crowdfundingu. Investi\u010dn\u00edho n\u00e1stroje, d\u00edky n\u011bmu\u017e mohou lid\u00e9 vyu\u017e\u00edvat investi\u010dn\u00ed p\u0159\u00edle\u017eitosti, kter\u00e9 byly d\u0159\u00edve p\u0159\u00edstupn\u00e9 pouze velmi bohat\u00fdm jednotlivc\u016fm. Drobn\u00ed investo\u0159i tak mohou prost\u0159ednictv\u00edm crowdfundingov\u00fdch platforem participovat na v\u00fdnosech z realitn\u00edch projekt\u016f v \u010cesk\u00e9 republice i v cizin\u011b.<\/strong><\/p>\n<p><!--more--><\/p>\n<p>Evropsk\u00fd parlament v\u00a0roce 2020 schv\u00e1lil speci\u00e1ln\u00ed navr\u017een\u00ed, kter\u00e9 vloni vstoupilo v\u00a0platnost. Moment\u00e1ln\u011b prob\u00edh\u00e1 p\u0159echodov\u00e9 obdob\u00ed, kdy se do p\u0159\u00ed\u0161t\u00edho roku mus\u00ed v\u0161echny zem\u011b EU p\u0159ipravit tak, aby mohla regulace fungovat a v\u0161echny platformy mohly stihnout po\u017e\u00e1dat o licenci. To v\u0161e by m\u011blo vn\u00e9st do nov\u00e9ho realitn\u00edho byznysu v\u011bt\u0161\u00ed jistotu a d\u016fv\u011bru.<\/p>\n<p><strong>Mlad\u00fd a zat\u00edm neregulovan\u00fd<\/strong><\/p>\n<p>Relativn\u011b mlad\u00fd crowdfunding dosud nem\u011bl \u017e\u00e1dnou ofici\u00e1ln\u00ed regulaci. To pro investory znamenalo, \u017ee neexistovala prakticky \u017e\u00e1dn\u00e1 omezen\u00ed, kter\u00e1 by ur\u010dovala, kdo tento byznys m\u016f\u017ee, \u010di nem\u016f\u017ee d\u011blat. Tak to bylo zat\u00edm ve v\u011bt\u0161in\u011b EU zem\u00ed. Jen m\u00e1lokde maj\u00ed regulatorn\u00ed p\u0159edpisy, kter\u00e9 by ur\u010dovaly pravidla. Regulov\u00e1no je v tuto chv\u00edli pouze nakl\u00e1d\u00e1n\u00ed s prost\u0159edky investor\u016f centr\u00e1ln\u00edmi bankami. Nikoliv crowdfunding samotn\u00fd. Pomoc\u00ed online platformy se mohou nab\u00edzet investice, ale pro platebn\u00ed slu\u017eby, je ji\u017e zapot\u0159eb\u00ed licence. Z\u00e1rove\u0148 je t\u0159eba br\u00e1t v potaz obecn\u00e9 povinnosti vypl\u00fdvaj\u00edc\u00ed z\u00a0regulace z\u00e1kona proti pran\u00ed \u0161pinav\u00fdch pen\u011bz (AML). Je t\u0159eba zn\u00e1t sv\u00e9ho z\u00e1kazn\u00edka (KYC). A b\u00fdt v souladu s obecn\u00fdm na\u0159\u00edzen\u00edm o ochran\u011b osobn\u00edch \u00fadaj\u016f (GDPR).<\/p>\n<p><em>\u201ePodle toho, jak se crowdfunding v posledn\u00edch letech vyv\u00edj\u00ed, tak se p\u0159edpokl\u00e1d\u00e1, \u017ee do p\u011bti let bude m\u00edt tento byznys hodnotu skoro 869 miliard dolar\u016f, co\u017e u\u017e nen\u00ed mo\u017en\u00e9 ponechat bez regulace. To je obrovsk\u00fd byznys, kter\u00fd mus\u00ed m\u00edt nastaven\u00e1 pravidla fungov\u00e1n\u00ed,\u201c<\/em> \u0159\u00edk\u00e1 <strong>Jan Ve\u010derka<\/strong>, zakladatel a CEO <a href=\"https:\/\/www.brikkapp.com\/\">BrikkApp<\/a>, crowdfundingov\u00e9 platformy, kter\u00e1 zprost\u0159edkov\u00e1v\u00e1 kolektivn\u00ed investov\u00e1n\u00ed do nemovitost\u00ed v r\u016fzn\u00fdch zem\u00edch Evropy.<\/p>\n<p><strong>Regulace u\u017e je ale schv\u00e1len\u00e1<\/strong><\/p>\n<p>Na p\u016fd\u011b Evropsk\u00e9ho parlamentu byla regulace crowdfundingu schv\u00e1len\u00e1 u\u017e v roce 2020. Evropsk\u00fd parlament v\u0161ak vydal dopl\u0148uj\u00edc\u00ed na\u0159\u00edzen\u00ed (EU) 2020\/1503, kter\u00e9 by v dohledn\u00e9 dob\u011b m\u011blo za\u010d\u00edt platit ve v\u0161ech \u010dlensk\u00fdch zem\u00edch EU. V platnost vstoupilo vloni v listopadu s t\u00edm, \u017ee bylo stanoveno ro\u010dn\u00ed p\u0159echodn\u00e9 obdob\u00ed, aby se jednotliv\u00e9 zem\u011b mohly p\u0159ipravit a platformy dok\u00e1zaly licence z\u00edskat. N\u011bkter\u00fdm zem\u00edm, \u010cesko nevyj\u00edmaje, trvalo velmi dlouho, ne\u017e toto zvl\u00e1dly integrovat do sv\u00e9 legislativy. P\u0159echodn\u00e9 obdob\u00ed se proto letos v z\u00e1\u0159\u00ed prodlou\u017eilo je\u0161t\u011b o rok do listopadu 2023, aby se v\u0161e stihlo.<\/p>\n<p><strong>Nov\u00e1 pravidla dodaj\u00ed crowdfundingu v\u011bt\u0161\u00ed kredibilitu<\/strong><\/p>\n<p>Nov\u00e1 pravidla by mohla investor\u016fm z\u00edskat v\u011bt\u0161\u00ed jistotu pro jejich investov\u00e1n\u00ed a zas\u00edt v\u011bt\u0161\u00ed d\u016fv\u011bru v platformy p\u0159es kter\u00e9 investuj\u00ed. Mezi mnoha lidmi panovala ned\u016fv\u011bra kv\u016fli r\u016fzn\u00fdm projekt\u016fm, kter\u00e9 nebyly v minulosti dokon\u010deny, co\u017e crowdfundingov\u00fd byznys do ur\u010dit\u00e9 m\u00edry po\u0161kodilo. Regulace by tedy m\u011bla zp\u0159ehlednit trh crowdfundingu a dodat cel\u00e9mu odv\u011btv\u00ed v\u011bt\u0161\u00ed kredibilitu. Trh by se m\u011bl st\u00e1t jist\u011bj\u0161\u00edm. D\u00edky tomu by se tak\u00e9 mohl roz\u0161\u00ed\u0159it okruh t\u011bch, kdo budou takto investovat.<\/p>\n<p><em>\u201ePokud dnes n\u011bkte\u0159\u00ed lid\u00e9 v\u00e1haj\u00ed s mikroinvestic\u00ed do nemovitost\u00ed a maj\u00ed r\u016fzn\u00e9 obavy z takov\u00e9hoto investov\u00e1n\u00ed, a\u017e za\u010dne platit na\u0159\u00edzen\u00ed EU, mohlo by se toto zm\u011bnit. Mohli by u\u017e c\u00edtit v\u011bt\u0161\u00ed jistotu p\u0159i investov\u00e1n\u00ed, pokud budou investovat p\u0159es platformy, kter\u00e9 budou m\u00edt ofici\u00e1ln\u00ed certifikaci pro sv\u00e9 podnik\u00e1n\u00ed na poli realitn\u00edho crowdfundingu. Sou\u010dasn\u011b to bude platit i z druh\u00e9 strany. Nebude mo\u017en\u00e9 provozovat realitn\u00ed crowdfundingovou platformu bez ofici\u00e1ln\u00edho certifik\u00e1tu. A ten z\u00edsk\u00e1 jen spole\u010dnost, kter\u00e1 spln\u00ed podm\u00ednky regulace,\u201c <\/em>\u0159\u00edk\u00e1 <strong>Ve\u010derka<\/strong>, zakladatel a CEO <a href=\"https:\/\/www.brikkapp.com\/\">BrikkApp<\/a>.<\/p>\n<p><strong>Co p\u0159esn\u011b se tedy bude regulovat?<\/strong><\/p>\n<p>Evrop\u0161t\u00ed poskytovatel\u00e9 realitn\u00edho crowdfundingu a samotn\u00ed investo\u0159i budou muset spl\u0148ovat n\u011bkolik z\u00e1kladn\u00edch bod\u016f. Poskytovatel\u00e9 se budou muset povinn\u011b vyh\u00fdbat <strong>st\u0159etu z\u00e1jm\u016f<\/strong> a p\u0159edch\u00e1zet mu. V\u0161ichni poskytovatel\u00e9 budou muset pro sv\u00e9 <strong>podnik\u00e1n\u00ed povinn\u011b z\u00edskat speci\u00e1ln\u00ed \u201epas\u201c<\/strong> a proj\u00edt schvalovac\u00edm procesem autorizace. To se bude t\u00fdkat v\u0161ech platforem, kter\u00e9 vyhla\u0161uj\u00ed a vyb\u00edraj\u00ed investice a\u017e do p\u011bti milion\u016f euro ro\u010dn\u011b. Tak\u00e9 bude t\u0159eba, aby platformy m\u011bly <strong>jednotn\u00fd formul\u00e1\u0159 pro sv\u00e9 investory<\/strong> a klient\u016fm-investor\u016fm zajistily <strong>dvoufaktorov\u00e9 ov\u011b\u0159ov\u00e1n\u00ed<\/strong> vstupu do jejich investi\u010dn\u00edho portfolia podobn\u011b jako je zaji\u0161t\u011bn\u00e9 t\u0159eba internetov\u00e9 bankovnictv\u00ed. Dal\u0161\u00ed v\u011bc, kterou regulace ovlivn\u00ed, je, \u017ee klientsk\u00e9 pen\u00edze budou muset b\u00fdt <strong>striktn\u011b odd\u011bleny od pen\u011bz platformy<\/strong>, aby se nepo\u010d\u00edtaly do jej\u00edho majetku v p\u0159\u00edpad\u011b, \u017ee by krachla a exekutor by j\u00ed zabavoval majetek. Ti, kte\u0159\u00ed budou cht\u00edt nab\u00edzet sv\u00e9 projekty pro financov\u00e1n\u00ed p\u0159es realitn\u00ed crowdfunding, budou m\u00edt povinnost m\u00edt ke ka\u017ed\u00e9mu sv\u00e9mu projektu <strong>z\u00e1kladn\u00ed investi\u010dn\u00ed list<\/strong> (tzv. key investment sheet).<\/p>\n<p><em>\u201eP\u0159edpokl\u00e1d\u00e1 se, \u017ee d\u00edky regulaci se zvedne z\u00e1jem o tento zp\u016fsob investov\u00e1n\u00ed vlastn\u00edch projekt\u016f a investo\u0159i si budou m\u00edt v\u00edce z \u010deho vyb\u00edrat. Investo\u0159i tak\u00e9 budou muset, podobn\u011b jako i u jin\u00fdch investi\u010dn\u00edch n\u00e1stroj\u016f, vypl\u0148ovat test ohledn\u011b vhodnosti a p\u0159im\u011b\u0159enosti, aby se zjistilo, do jak\u00e9 m\u00edry jsou sami ochotni n\u00e9st p\u0159\u00edpadn\u00e9 ztr\u00e1ty p\u0159i investov\u00e1n\u00ed,\u201c<\/em> \u0159\u00edk\u00e1 <strong>Jan Ve\u010derka<\/strong>, zakladatel a CEO <a href=\"https:\/\/www.brikkapp.com\/\">BrikkApp<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>V\u00a0Evrop\u011b postupn\u011b za\u010d\u00edn\u00e1 platit regulace crowdfundingu. Investi\u010dn\u00edho n\u00e1stroje, d\u00edky n\u011bmu\u017e mohou lid\u00e9 vyu\u017e\u00edvat investi\u010dn\u00ed p\u0159\u00edle\u017eitosti, kter\u00e9 byly d\u0159\u00edve p\u0159\u00edstupn\u00e9 pouze velmi bohat\u00fdm jednotlivc\u016fm. Drobn\u00ed investo\u0159i <a class=\"mh-excerpt-more\" href=\"https:\/\/www.czechbankingnews.cz\/?p=284\" title=\"Regulace crowdfundingu: v \u010cech\u00e1ch u\u017e od p\u0159\u00ed\u0161t\u00edho roku\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analyza"],"_links":{"self":[{"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=\/wp\/v2\/posts\/284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=284"}],"version-history":[{"count":1,"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=\/wp\/v2\/posts\/284\/revisions"}],"predecessor-version":[{"id":286,"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=\/wp\/v2\/posts\/284\/revisions\/286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=\/wp\/v2\/media\/285"}],"wp:attachment":[{"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}