At PressX, compliance isn’t just about following rules; it’s about ensuring your investments are backed by a framework of trust, transparency, and security. Here’s how we align with the regulatory standards of the Czech Republic and the broader European Union:
Czech Republic’s Regulatory Framework
- Licensing and Oversight: PressX iscommitted to obtaining all necessary licenses to operate within the Czech Republic, under the watchful eye of the Česká národní banka (Czech NationalBank) and the Ministry of Finance. This includes adherence to the Act on Capital Market Undertakings.
- Anti-Money Laundering (AML): We adhere to stringent AML policies, following the guidance provided by the Financial Analytical Office (FAÚ) of the Czech Republic, ensuring that ourplatform does not become a conduit for illicit activities.
- Data Protection: In compliance with the Czech Data Protection Act, we safeguard your personal information with the same rigor as mandated by the GDPR, ensuring your privacy is respected.
European Union Compliance
- MiFID II: Our operations comply with the Markets in Financial Instruments Directive II (MiFID II), promoting transparency, fairness, and efficiency in financial markets across the EU. This includes investor protection measures, market conduct rules, and reporting obligations.
- GDPR: PressX fully complies with the General Data Protection Regulation (GDPR), ensuring that all personal data processing is lawful, transparent, and secure. We respect your rights as a data subject, including right to access, rectification, and erasure.
- ESMA Guidelines: We follow the guidelines from the European Securities and Markets Authority (ESMA) for operations involving financial instruments, which helps in maintaining a high standard of investor protection and market integrity.
Our Commitment to Compliance
- Regular Audits: To maintain our compliance standards, we undergo regular audits by independent third parties to ensure we meet both local and EU regulatory requirements.
- Education and Awareness: We provide ongoing education to our team about compliance matters, ensuring that everyone at PressX is aware of and trained in the latest regulatory expectations.
- Transparent Reporting: Investors can trust that PressX operates with full transparency, providing regular reports on compliance, security practices, and financial health in accordance with EU regulations.
Investor Protection
- Segregation of Assets: Your funds and assets are kept separate from PressX’s operational funds, in line with EU investor protection mandates.
- Dispute Resolution: We provide clear mechanisms for dispute resolution, including access to the Czech Financial Arbitrator for clients seeking mediation or arbitration.
Your Safety, Our Priority
At PressX, we believe that a secure investment environment begins with compliance. We’re not just meeting the minimum requirements; we’re setting a standard for what compliance should look like in the digital asset space.
For detailed inquiries about our compliance practices or to get a copy of our compliance certificate, please get in touch with our compliance team.