{"id":10785,"date":"2026-03-01T19:30:13","date_gmt":"2026-03-01T17:30:13","guid":{"rendered":"https:\/\/modernipravnik.cz\/?p=10785"},"modified":"2026-06-11T00:05:28","modified_gmt":"2026-06-10T22:05:28","slug":"15-zisif","status":"publish","type":"post","link":"https:\/\/modernipravnik.cz\/en\/blog\/15-zisif\/","title":{"rendered":"Alternativn\u00ed fondy podle \u00a7 15\u00a0ZISIF: flexibiln\u00ed investi\u010dn\u00ed n\u00e1stroj"},"content":{"rendered":"<h1 style=\"text-align: center;\"><strong>Na\u0159&iacute;zen&iacute; MiCA p\u0159ineslo novou regulaci kryptom\u011bn v\u00a0\u010cesk&eacute; republice<\/strong><\/h1>\n<p>&nbsp;<\/p>\n<p data-start=\"270\" data-end=\"507\"><em>Vyd&aacute;v&aacute;te svoji kryptom\u011bnu \u010di m&aacute;te v\u00a0pl&aacute;nu n\u011bjak&eacute; aktivum tokenizovat? Pak v&aacute;s bude zaj&iacute;mat, co v&scaron;e k\u00a0tomu mus&iacute;te splnit. V\u00a0tomto \u010dl&aacute;nku v&aacute;m podrobn\u011b vysv\u011btl&iacute;me, jak cel&yacute; proces prob&iacute;h&aacute; a\u00a0jak v&aacute;m s\u00a0n&iacute;m na&scaron;e advok&aacute;tn&iacute; kancel&aacute;\u0159 m\u016f\u017ee pomoci.<\/em><\/p>\n<p data-start=\"270\" data-end=\"507\">&nbsp;<\/p>\n<h2><strong>V\u00a0tomto \u010dl&aacute;nku se dozv&iacute;te:<\/strong><\/h2>\n<ul data-start=\"540\" data-end=\"859\">\n<li data-start=\"540\" data-end=\"596\">\n<p data-start=\"542\" data-end=\"596\">co je to na\u0159&iacute;zen&iacute; MiCA a\u00a0jak&eacute; nov&eacute; povinnosti zav&aacute;d&iacute;<\/p>\n<\/li>\n<li data-start=\"597\" data-end=\"646\">\n<p data-start=\"599\" data-end=\"646\">na jak&aacute; aktiva se nov&eacute; na\u0159&iacute;zen&iacute; MiCA vztahuje<\/p>\n<\/li>\n<li data-start=\"647\" data-end=\"687\">\n<p data-start=\"649\" data-end=\"687\">zda existuje n\u011bjak&yacute; prozat&iacute;mn&iacute; re\u017eim<\/p>\n<\/li>\n<li data-start=\"688\" data-end=\"718\">\n<p data-start=\"690\" data-end=\"718\">jak&eacute; dokumenty pot\u0159ebujete<\/p>\n<\/li>\n<li data-start=\"719\" data-end=\"799\">\n<p data-start=\"721\" data-end=\"799\">co je t\u0159eba, abyste splnili pro z&iacute;sk&aacute;n&iacute; licence od \u010cNB k\u00a0va&scaron;im kryptoaktiv\u016fm<\/p>\n<\/li>\n<li data-start=\"800\" data-end=\"859\">\n<p data-start=\"802\" data-end=\"859\">jak v&aacute;m s\u00a0cel&yacute;m procesem pom\u016f\u017ee na&scaron;e advok&aacute;tn&iacute; kancel&aacute;\u0159<\/p>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><iframe width=\"560\" height=\"315\" \nsrc=\"https:\/\/www.youtube.com\/embed\/_V6JDu5u2ho\" \ntitle=\"YouTube video player\" \nframeborder=\"0\" \nallowfullscreen><br \/>\n<\/iframe><\/p>\n<p>&nbsp;<\/p>\n<p data-start=\"866\" data-end=\"925\">&nbsp;<\/p>\n<h2 data-start=\"866\" data-end=\"925\"><strong>Nov&aacute; regulace kryptom\u011bn v\u00a0na\u0159&iacute;zen&iacute; MiCA a\u00a0nov&eacute; povinnosti<\/strong><\/h2>\n<h3 data-start=\"927\" data-end=\"1000\"><strong>&sect; 15\u00a0ZISIF (Z&aacute;kon o\u00a0investi\u010dn&iacute;ch spole\u010dnostech a\u00a0investi\u010dn&iacute;ch fondech)<\/strong><\/h3>\n<p data-start=\"1002\" data-end=\"1312\">&sect; 15\u00a0ZISIF (Z&aacute;kon o\u00a0investi\u010dn&iacute;ch spole\u010dnostech a\u00a0investi\u010dn&iacute;ch fondech) upravuje tzv.\u00a0alternativn&iacute; investi\u010dn&iacute; fondy, tak&eacute; zn&aacute;m&eacute; jako &ldquo;minifondy&rdquo; nebo &ldquo;patn&aacute;ctky&rdquo;. Jde o\u00a0specifickou formu spr&aacute;vy majetku, kter&aacute; nab&iacute;z&iacute; flexibiln\u011bj&scaron;&iacute; a\u00a0m&eacute;n\u011b regulovan&yacute; zp\u016fsob investov&aacute;n&iacute; ve srovn&aacute;n&iacute; s\u00a0klasick&yacute;mi investi\u010dn&iacute;mi fondy.<\/p>\n<h3><strong>Charakteristika<\/strong><\/h3>\n<ul data-start=\"1335\" data-end=\"1658\">\n<li data-start=\"1335\" data-end=\"1471\">\n<p data-start=\"1337\" data-end=\"1471\">Alternativn&iacute; fondy dle &sect; 15\u00a0ZISIF jsou ur\u010deny pro spr&aacute;vu majetku men&scaron;&iacute;ch uzav\u0159en&yacute;ch skupin investor\u016f nebo kvalifikovan&yacute;ch investor\u016f.<\/p>\n<\/li>\n<li data-start=\"1472\" data-end=\"1562\">\n<p data-start=\"1474\" data-end=\"1562\">Nepodl&eacute;haj&iacute; pln&eacute; regulaci a\u00a0dozoru \u010cesk&eacute; n&aacute;rodn&iacute; banky (\u010cNB), jsou pouze registrov&aacute;ny.<\/p>\n<\/li>\n<li data-start=\"1563\" data-end=\"1658\">\n<p data-start=\"1565\" data-end=\"1658\">Maj&iacute; jednodu&scaron;&scaron;&iacute; proces zalo\u017een&iacute; a\u00a0administrace ve srovn&aacute;n&iacute; s\u00a0klasick&yacute;mi investi\u010dn&iacute;mi fondy.<\/p>\n<\/li>\n<\/ul>\n<h3><strong>Limity a\u00a0omezen&iacute;<\/strong><\/h3>\n<ul data-start=\"1682\" data-end=\"1953\">\n<li data-start=\"1682\" data-end=\"1751\">\n<p data-start=\"1684\" data-end=\"1751\">Mohou spravovat majetek maxim&aacute;ln\u011b 20\u00a0nekvalifikovan&yacute;ch investor\u016f.<\/p>\n<\/li>\n<li data-start=\"1752\" data-end=\"1874\">\n<p data-start=\"1754\" data-end=\"1874\">Nesm&iacute; p\u0159ekro\u010dit rozhodn&yacute; limit 500\u00a0milion\u016f EUR spravovan&eacute;ho majetku, nebo 100\u00a0milion\u016f EUR p\u0159i vyu\u017eit&iacute; p&aacute;kov&eacute;ho efektu.<\/p>\n<\/li>\n<li data-start=\"1875\" data-end=\"1953\">\n<p data-start=\"1877\" data-end=\"1953\">Nesm&iacute; shroma\u017e\u010fovat prost\u0159edky od ve\u0159ejnosti ani ve\u0159ejn\u011b nab&iacute;zet investice.<\/p>\n<\/li>\n<\/ul>\n<h3><strong>Regula\u010dn&iacute; zm\u011bny<\/strong><\/h3>\n<p data-start=\"1976\" data-end=\"2058\">Od 1. \u010dervence 2024\u00a0vstoup&iacute; v\u00a0&uacute;\u010dinnost novela ZISIF, kter&aacute; p\u0159inese v&yacute;znamn&eacute; zm\u011bny:<\/p>\n<ul data-start=\"2060\" data-end=\"2312\">\n<li data-start=\"2060\" data-end=\"2113\">\n<p data-start=\"2062\" data-end=\"2113\">P\u0159esn\u011bj&scaron;&iacute; vymezen&iacute; okruhu potenci&aacute;ln&iacute;ch investor\u016f<\/p>\n<\/li>\n<li data-start=\"2114\" data-end=\"2196\">\n<p data-start=\"2116\" data-end=\"2196\">Zaveden&iacute; minim&aacute;ln&iacute; investice ve v&yacute;&scaron;i 125\u00a0tis&iacute;c EUR pro kvalifikovan&eacute; investory<\/p>\n<\/li>\n<li data-start=\"2197\" data-end=\"2256\">\n<p data-start=\"2199\" data-end=\"2256\">Povinnost vypln\u011bn&iacute; investi\u010dn&iacute;ho dotazn&iacute;ku pro investory<\/p>\n<\/li>\n<li data-start=\"2257\" data-end=\"2312\">\n<p data-start=\"2259\" data-end=\"2312\">Zaveden&iacute; poplatku za registraci ve v&yacute;&scaron;i 10\u00a0tis&iacute;c K\u010d<\/p>\n<\/li>\n<\/ul>\n<h3><strong>V&yacute;hody<\/strong><\/h3>\n<ul data-start=\"2326\" data-end=\"2482\">\n<li data-start=\"2326\" data-end=\"2412\">\n<p data-start=\"2328\" data-end=\"2412\">Flexibilita a\u00a0ni\u017e&scaron;&iacute; regulatorn&iacute; z&aacute;t\u011b\u017e ve srovn&aacute;n&iacute; s\u00a0klasick&yacute;mi investi\u010dn&iacute;mi fondy.<\/p>\n<\/li>\n<li data-start=\"2413\" data-end=\"2482\">\n<p data-start=\"2415\" data-end=\"2482\">Vhodn&eacute; pro spr&aacute;vu rodinn&eacute;ho majetku nebo men&scaron;&iacute; skupiny investor\u016f.<\/p>\n<\/li>\n<\/ul>\n<h3><strong>Rizika a\u00a0odpov\u011bdnost<\/strong><\/h3>\n<ul data-start=\"2510\" data-end=\"2695\">\n<li data-start=\"2510\" data-end=\"2587\">\n<p data-start=\"2512\" data-end=\"2587\">Investo\u0159i do t\u011bchto fond\u016f p\u0159eb&iacute;raj&iacute; vy&scaron;&scaron;&iacute; riziko a\u00a0maj&iacute; omezenou ochranu.<\/p>\n<\/li>\n<li data-start=\"2588\" data-end=\"2695\">\n<p data-start=\"2590\" data-end=\"2695\">Spr&aacute;vci mus&iacute; dodr\u017eovat ur\u010dit&eacute; povinnosti, v\u010detn\u011b vypracov&aacute;n&iacute; syst&eacute;mu vnit\u0159n&iacute;ch z&aacute;sad a\u00a0hodnocen&iacute; rizik.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2697\" data-end=\"2862\">Alternativn&iacute; fondy dle &sect; 15\u00a0ZISIF p\u0159edstavuj&iacute; zaj&iacute;mavou mo\u017enost pro spr&aacute;vu majetku men&scaron;&iacute;ch skupin investor\u016f, ale vy\u017eaduj&iacute; obez\u0159etnost a\u00a0dodr\u017eov&aacute;n&iacute; z&aacute;konn&yacute;ch omezen&iacute;.<\/p>\n<p data-start=\"2697\" data-end=\"2862\">&nbsp;<\/p>\n<h2 data-start=\"2869\" data-end=\"2879\"><strong>15\u00a0ZISIF<\/strong><\/h2>\n<p data-start=\"2881\" data-end=\"3052\">15\u00a0ZISIF odkazuje na &sect; 15\u00a0Z&aacute;kona o\u00a0investi\u010dn&iacute;ch spole\u010dnostech a\u00a0investi\u010dn&iacute;ch fondech v\u00a0\u010cesk&eacute; republice. Tento paragraf se t&yacute;k&aacute; tzv.\u00a0podlimitn&iacute;ch fond\u016f. Jde o\u00a0fondy, kter&eacute;:<\/p>\n<ul data-start=\"3054\" data-end=\"3272\">\n<li data-start=\"3054\" data-end=\"3128\">\n<p data-start=\"3056\" data-end=\"3128\">Spravuj&iacute; aktiva nep\u0159esahuj&iacute;c&iacute; 100\u00a0milion\u016f EUR (v\u010detn\u011b p&aacute;kov&eacute;ho efektu)<\/p>\n<\/li>\n<li data-start=\"3129\" data-end=\"3272\">\n<p data-start=\"3131\" data-end=\"3272\">Nebo spravuj&iacute; aktiva do 500\u00a0milion\u016f EUR, pokud nevyu\u017e&iacute;vaj&iacute; p&aacute;kov&yacute; efekt a\u00a0investo\u0159i nemohou uplatnit pr&aacute;vo na odkup po dobu minim&aacute;ln\u011b 5\u00a0let<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3274\" data-end=\"3426\">Tyto fondy podl&eacute;haj&iacute; m&iacute;rn\u011bj&scaron;&iacute; regulaci ne\u017e standardn&iacute; investi\u010dn&iacute; fondy, ale st&aacute;le mus&iacute; spl\u0148ovat ur\u010dit&eacute; po\u017eadavky a\u00a0registrovat se u\u00a0\u010cesk&eacute; n&aacute;rodn&iacute; banky.<\/p>\n<p data-start=\"3433\" data-end=\"3482\">&nbsp;<\/p>\n<h2 data-start=\"3433\" data-end=\"3482\"><strong>Dal&scaron;&iacute; jednoduch&eacute; formy investov&aacute;n&iacute; ciz&iacute;ch pen\u011bz<\/strong><\/h2>\n<ol data-start=\"3484\" data-end=\"4006\">\n<li data-start=\"3484\" data-end=\"3605\">\n<p data-start=\"3487\" data-end=\"3605\">Crowdfunding: Platforma, kde m\u016f\u017eete prezentovat investi\u010dn&iacute; projekty a\u00a0z&iacute;sk&aacute;vat na n\u011b prost\u0159edky od &scaron;ir&scaron;&iacute; ve\u0159ejnosti.<\/p>\n<\/li>\n<li data-start=\"3606\" data-end=\"3699\">\n<p data-start=\"3609\" data-end=\"3699\">Investi\u010dn&iacute; kluby: Neform&aacute;ln&iacute; skupiny investor\u016f, kte\u0159&iacute; spole\u010dn\u011b investuj&iacute; sv&eacute; prost\u0159edky.<\/p>\n<\/li>\n<li data-start=\"3700\" data-end=\"3780\">\n<p data-start=\"3703\" data-end=\"3780\">Sv\u011b\u0159ensk&eacute; fondy: Umo\u017e\u0148uj&iacute; spr&aacute;vu majetku ve prosp\u011bch ur\u010den&yacute;ch beneficient\u016f.<\/p>\n<\/li>\n<li data-start=\"3781\" data-end=\"3899\">\n<p data-start=\"3784\" data-end=\"3899\">Komanditn&iacute; spole\u010dnost: Umo\u017e\u0148uje spojit kapit&aacute;l investor\u016f (komanditist\u016f) s\u00a0podnikatelskou aktivitou komplement&aacute;\u0159e.<\/p>\n<\/li>\n<li data-start=\"3900\" data-end=\"4006\">\n<p data-start=\"3903\" data-end=\"4006\">Investi\u010dn&iacute; sdru\u017een&iacute;: Pr&aacute;vn&iacute; forma umo\u017e\u0148uj&iacute;c&iacute; spojen&iacute; v&iacute;ce investor\u016f za &uacute;\u010delem spole\u010dn&eacute;ho investov&aacute;n&iacute;.<\/p>\n<\/li>\n<\/ol>\n<p data-start=\"4008\" data-end=\"4206\">Je d\u016fle\u017eit&eacute; zd\u016fraznit, \u017ee v&scaron;echny tyto formy investov&aacute;n&iacute; podl&eacute;haj&iacute; regulac&iacute;m a\u00a0pr&aacute;vn&iacute;m omezen&iacute;m. P\u0159ed zah&aacute;jen&iacute;m jak&eacute;koli investi\u010dn&iacute; \u010dinnosti s\u00a0pen\u011bzi jin&yacute;ch lid&iacute; je nezbytn&eacute; konzultovat s\u00a0pr&aacute;vn&iacute;kem.<\/p>\n<p data-start=\"4008\" data-end=\"4206\">&nbsp;<\/p>\n<h2 data-start=\"4008\" data-end=\"4206\"><strong>Minim&aacute;ln&iacute; v&yacute;&scaron;e investice od 1. \u010dervence 2024<\/strong><\/h2>\n<p data-start=\"4261\" data-end=\"4396\">Od 1. \u010dervence 2024\u00a0plat&iacute; pro investice do alternativn&iacute;ch fond\u016f podle &sect; 15\u00a0ZISIF n&aacute;sleduj&iacute;c&iacute; pravidla ohledn\u011b minim&aacute;ln&iacute; v&yacute;&scaron;e investice:<\/p>\n<ol data-start=\"4398\" data-end=\"4925\">\n<li data-start=\"4398\" data-end=\"4501\">\n<p data-start=\"4401\" data-end=\"4501\">Kvalifikovan&iacute; investo\u0159i: Minim&aacute;ln&iacute; investice je stanovena na 125 000\u00a0EUR (p\u0159ibli\u017en\u011b 3\u00a0miliony K\u010d).<\/p>\n<\/li>\n<li data-start=\"4502\" data-end=\"4727\">\n<p data-start=\"4505\" data-end=\"4727\">V&yacute;jimka pro &ldquo;rodinu a\u00a0p\u0159&aacute;tele&rdquo;: Fond m\u016f\u017ee p\u0159ijmout investice od maxim&aacute;ln\u011b 20\u00a0osob, kter&eacute; nespl\u0148uj&iacute; podm&iacute;nku minim&aacute;ln&iacute; investice 125 000\u00a0EUR. Tato v&yacute;jimka c&iacute;l&iacute; p\u0159edev&scaron;&iacute;m na men&scaron;&iacute; fondy funguj&iacute;c&iacute; na principu Family Office.<\/p>\n<\/li>\n<li data-start=\"4728\" data-end=\"4925\">\n<p data-start=\"4731\" data-end=\"4925\">Ov\u011b\u0159en&iacute; auditorem: Pokud fond p\u0159ij&iacute;m&aacute; prost\u0159edky od v&iacute;ce ne\u017e 20\u00a0investor\u016f celkem, mus&iacute; auditor ov\u011b\u0159it, \u017ee mezi nimi nen&iacute; v&iacute;ce ne\u017e 20\u00a0osob nespl\u0148uj&iacute;c&iacute;ch podm&iacute;nku minim&aacute;ln&iacute;ho vkladu 125 000\u00a0EUR.<\/p>\n<\/li>\n<\/ol>\n<p data-start=\"4927\" data-end=\"5086\">Tato nov&aacute; pravidla nahradila p\u0159edchoz&iacute; &uacute;pravu, kter&aacute; umo\u017e\u0148ovala ni\u017e&scaron;&iacute; minim&aacute;ln&iacute; investici ve v&yacute;&scaron;i 1\u00a0milionu K\u010d za ur\u010dit&yacute;ch podm&iacute;nek.<\/p>\n<p data-start=\"5088\" data-end=\"5212\">Tyto zm\u011bny byly zavedeny s\u00a0c&iacute;lem zv&yacute;&scaron;it ochranu investor\u016f a\u00a0omezit rizika spojen&aacute; s\u00a0investov&aacute;n&iacute;m do m&eacute;n\u011b regulovan&yacute;ch fond\u016f.<\/p>\n<p data-start=\"5219\" data-end=\"5276\">&nbsp;<\/p>\n<h2 data-start=\"5219\" data-end=\"5276\"><strong>Proces registrace alternativn&iacute;ho fondu podle &sect; 15\u00a0ZISIF<\/strong><\/h2>\n<h3 data-start=\"5278\" data-end=\"5295\"><strong>P\u0159&iacute;pravn&aacute; f&aacute;ze<\/strong><\/h3>\n<ol data-start=\"5297\" data-end=\"5573\">\n<li data-start=\"5297\" data-end=\"5446\">\n<p data-start=\"5300\" data-end=\"5446\">Zalo\u017een&iacute; pr&aacute;vnick&eacute; osoby: Nej\u010dast\u011bji se zakl&aacute;d&aacute; spole\u010dnost s\u00a0ru\u010den&iacute;m omezen&yacute;m (s.r.o.), kter&aacute; bude vystupovat jako spr&aacute;vce alternativn&iacute;ho fondu.<\/p>\n<\/li>\n<li data-start=\"5448\" data-end=\"5573\">\n<p data-start=\"5451\" data-end=\"5474\">P\u0159&iacute;prava dokumentace:<\/p>\n<ul data-start=\"5478\" data-end=\"5573\">\n<li data-start=\"5478\" data-end=\"5512\">\n<p data-start=\"5480\" data-end=\"5512\">Vytvo\u0159en&iacute; investi\u010dn&iacute; strategie<\/p>\n<\/li>\n<li data-start=\"5516\" data-end=\"5544\">\n<p data-start=\"5518\" data-end=\"5544\">N&aacute;vrh investi\u010dn&iacute; smlouvy<\/p>\n<\/li>\n<li data-start=\"5548\" data-end=\"5573\">\n<p data-start=\"5550\" data-end=\"5573\">Dal&scaron;&iacute; p\u0159&iacute;lohy \u017e&aacute;dosti<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<h3 data-start=\"5575\" data-end=\"5592\"><strong>Pod&aacute;n&iacute; \u017e&aacute;dosti<\/strong><\/h3>\n<ol data-start=\"5594\" data-end=\"5836\">\n<li data-start=\"5594\" data-end=\"5739\">\n<p data-start=\"5597\" data-end=\"5670\">Zp\u016fsob pod&aacute;n&iacute;: \u017d&aacute;dost se pod&aacute;v&aacute; elektronicky v\u00a0\u010desk&eacute;m jazyce, a\u00a0to bu\u010f:<\/p>\n<ul data-start=\"5674\" data-end=\"5739\">\n<li data-start=\"5674\" data-end=\"5699\">\n<p data-start=\"5676\" data-end=\"5699\">Datovou schr&aacute;nkou \u010cNB<\/p>\n<\/li>\n<li data-start=\"5703\" data-end=\"5739\">\n<p data-start=\"5705\" data-end=\"5739\">P\u0159es elektronickou podatelnu \u010cNB<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li data-start=\"5741\" data-end=\"5836\">\n<p data-start=\"5744\" data-end=\"5836\">Obsah \u017e&aacute;dosti: Mus&iacute; obsahovat ve&scaron;ker&eacute; po\u017eadovan&eacute; informace a\u00a0spl\u0148ovat stanoven&eacute; po\u017eadavky.<\/p>\n<\/li>\n<\/ol>\n<h3 data-start=\"5838\" data-end=\"5857\"><strong>Registrace u\u00a0\u010cNB<\/strong><\/h3>\n<ol data-start=\"5859\" data-end=\"6193\">\n<li data-start=\"5859\" data-end=\"5971\">\n<p data-start=\"5862\" data-end=\"5971\">Doba zpracov&aacute;n&iacute;: \u010cNB zpravidla zap&iacute;&scaron;e alternativn&iacute; fond do seznamu do 5\u00a0pracovn&iacute;ch dn\u016f od doru\u010den&iacute; \u017e&aacute;dosti.<\/p>\n<\/li>\n<li data-start=\"5973\" data-end=\"6193\">\n<p data-start=\"5976\" data-end=\"5999\">Charakter registrace:<\/p>\n<ul data-start=\"6003\" data-end=\"6193\">\n<li data-start=\"6003\" data-end=\"6066\">\n<p data-start=\"6005\" data-end=\"6066\">Jedn&aacute; se pouze o\u00a0eviden\u010dn&iacute; z&aacute;pis, nikoliv o\u00a0ud\u011blen&iacute; licence<\/p>\n<\/li>\n<li data-start=\"6070\" data-end=\"6193\">\n<p data-start=\"6072\" data-end=\"6193\">\u010cNB nevykon&aacute;v&aacute; dohled nad registrovan&yacute;mi subjekty (s\u00a0v&yacute;jimkou spln\u011bn&iacute; povinnosti z&aacute;pisu a\u00a0pln\u011bn&iacute; informa\u010dn&iacute; povinnosti)<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<h3 data-start=\"6195\" data-end=\"6211\"><strong>Po registraci<\/strong><\/h3>\n<ol data-start=\"6213\" data-end=\"6471\">\n<li data-start=\"6213\" data-end=\"6312\">\n<p data-start=\"6216\" data-end=\"6312\">Z&iacute;sk&aacute;n&iacute; LEI \u010d&iacute;sla: Povinn&eacute; pro fondy obchoduj&iacute;c&iacute; na burze, umo\u017e\u0148uje otev\u0159en&iacute; brokersk&eacute;ho &uacute;\u010dtu.<\/p>\n<\/li>\n<li data-start=\"6314\" data-end=\"6471\">\n<p data-start=\"6317\" data-end=\"6337\">Pln\u011bn&iacute; povinnost&iacute;:<\/p>\n<ul data-start=\"6341\" data-end=\"6471\">\n<li data-start=\"6341\" data-end=\"6422\">\n<p data-start=\"6343\" data-end=\"6422\">Vypracov&aacute;n&iacute; syst&eacute;mu vnit\u0159n&iacute;ch z&aacute;sad a\u00a0hodnocen&iacute; rizik do 60\u00a0dn\u016f od registrace<\/p>\n<\/li>\n<li data-start=\"6426\" data-end=\"6471\">\n<p data-start=\"6428\" data-end=\"6471\">Pravideln&yacute; reporting pro \u010cNB (ro\u010dn&iacute; b&aacute;ze)<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<p data-start=\"6473\" data-end=\"6572\">Cel&yacute; proces zalo\u017een&iacute; a\u00a0registrace alternativn&iacute;ho fondu lze obvykle zvl&aacute;dnout v\u00a0rozmez&iacute; 3-4\u00a0t&yacute;dn\u016f.<\/p>\n<p data-start=\"6473\" data-end=\"6572\">&nbsp;<\/p>\n<h2 data-start=\"6473\" data-end=\"6572\"><strong>How can we help you?<\/strong><\/h2>\n<p data-start=\"6473\" data-end=\"6572\">V\u00a0advok&aacute;tn&iacute; kancel&aacute;\u0159i ModerniPravnik.cz se dlouhodob\u011b v\u011bnujeme oblasti investi\u010dn&iacute;ch struktur, alternativn&iacute;ch fond\u016f a\u00a0finan\u010dn&iacute; regulace. Klient\u016fm poskytujeme komplexn&iacute; pr&aacute;vn&iacute; podporu p\u0159i zalo\u017een&iacute; a\u00a0registraci fondu podle &sect; 15\u00a0ZISIF, v\u010detn\u011b nastaven&iacute; vztah\u016f mezi spr&aacute;vcem a\u00a0investory.<\/p>\n<p data-start=\"1048\" data-end=\"1315\">Spr&aacute;vn\u011b strukturovan&yacute; alternativn&iacute; fond m\u016f\u017ee b&yacute;t efektivn&iacute;m n&aacute;strojem pro spr&aacute;vu rodinn&eacute;ho majetku, investi\u010dn&iacute; projekty \u010di men&scaron;&iacute; uzav\u0159en&eacute; skupiny investor\u016f. Kl&iacute;\u010dov&eacute; je v&scaron;ak d\u016fsledn&eacute; dodr\u017een&iacute; z&aacute;konn&yacute;ch limit\u016f a\u00a0transparentn&iacute; nastaven&iacute; vztah\u016f mezi spr&aacute;vcem a\u00a0investory.<\/p>\n<p data-start=\"1317\" data-end=\"1578\" data-is-last-node=\"\" data-is-only-node=\"\">Pokud zva\u017eujete zalo\u017een&iacute; fondu podle &sect; 15\u00a0ZISIF nebo si nejste jisti, zda va&scaron;e investi\u010dn&iacute; aktivita nepodl&eacute;h&aacute; regulaci, nev&aacute;hejte se na n&aacute;s obr&aacute;tit. R&aacute;di s\u00a0v&aacute;mi v&aacute;&scaron; projekt projedn&aacute;me a\u00a0navrhneme pr&aacute;vn&iacute; \u0159e&scaron;en&iacute; odpov&iacute;daj&iacute;c&iacute; jeho rozsahu i\u00a0regulatorn&iacute;m po\u017eadavk\u016fm.<\/p>\n<p data-start=\"1317\" data-end=\"1578\" data-is-last-node=\"\" data-is-only-node=\"\">&nbsp;<\/p>\n<p>Autor: Mgr.\u00a0Petr Uklein, vedouc&iacute; advok&aacute;t v&nbsp;advok&aacute;tn&iacute; kancel&aacute;\u0159i&nbsp;ModerniPravnik.cz<\/p>\n<p class=\"wp-block-paragraph\">\n<div class=\"cta-form__wrapper\">\n<div class=\"cta-form__grid\">\n<div class=\"cta-form__info\">\n<div class=\"contact-container\">\n<div class=\"contact-left\">\n<h3> <strong>Napi\u0161te na\u0161im odborn\u00edk\u016fm, pom\u016f\u017eeme v\u00e1m!  <\/strong><\/h3>\n<div class=\"lawyers\">\n<div class=\"lawyer\">\n                <img decoding=\"async\" src=\"https:\/\/modernipravnik.cz\/wp-content\/uploads\/2024\/12\/Petr-Uklein-Grey.jpg\" alt=\"Advokat 1\"><br \/>\n                <span class=\"status\"><\/span>\n            <\/div>\n<div class=\"lawyer\">\n                <img decoding=\"async\" src=\"https:\/\/modernipravnik.cz\/wp-content\/uploads\/2026\/01\/Matej-Sedivy.png\" alt=\"Advokat 2\"><br \/>\n                <span class=\"status\"><\/span>\n            <\/div>\n<div class=\"lawyer\">\n                <img decoding=\"async\" src=\"https:\/\/modernipravnik.cz\/wp-content\/uploads\/2024\/12\/Barbora-Janackova-grey3.jpg\" alt=\"Advokat 3\"><br \/>\n                <span class=\"status\"><\/span>\n            <\/div>\n<div class=\"lawyer\">\n                <img decoding=\"async\" src=\"https:\/\/modernipravnik.cz\/wp-content\/uploads\/2026\/01\/martin-1.png\" alt=\"Advokat 4\"><br \/>\n                <span class=\"status\"><\/span>\n            <\/div>\n<div class=\"lawyer\">\n                <img decoding=\"async\" src=\"https:\/\/modernipravnik.cz\/wp-content\/uploads\/2026\/01\/radka-1.png\" alt=\"Advokat 5\"><br \/>\n                <span class=\"status\"><\/span>\n            <\/div>\n<div class=\"lawyer\">\n                <img decoding=\"async\" src=\"https:\/\/modernipravnik.cz\/wp-content\/uploads\/2026\/01\/image.png\" alt=\"Advokat 6\"><br \/>\n                <span class=\"status\"><\/span>\n            <\/div>\n<div class=\"lawyer\">\n                <img decoding=\"async\" src=\"https:\/\/modernipravnik.cz\/wp-content\/uploads\/2026\/01\/ruta.png\" alt=\"Advokat 7\"><br \/>\n                <span class=\"status\"><\/span>\n            <\/div><\/div>\n<div class=\"form-descr\">\nNev\u00e1hejte se s\u00a0n\u00e1mi pod\u011blit o\u00a0svou situaci a\u00a0stru\u010dn\u011b popsat, s\u00a0\u010d\u00edm v\u00e1m m\u016f\u017eeme pomoci. Sd\u011blte n\u00e1m, jak v\u00e1s m\u016f\u017eeme nejl\u00e9pe kontaktovat, a\u00a0n\u00e1\u0161 t\u00fdm se v\u00e1m obratem ozve s\u00a0n\u00e1vrhem \u0159e\u0161en\u00ed. Pro va\u0161i lep\u0161\u00ed orientaci doporu\u010dujeme se p\u0159edem sezn\u00e1mit s\u00a0na\u0161\u00edm <a href=\"https:\/\/modernipravnik.cz\/en\/cenik\/\"><strong>price list<\/strong><\/a> Services.\n<\/div>\n<div class=\"contact-info\">\n<p><strong> Po-P\u00e1: 9:00 -18:00 <\/strong><\/p>\n<p class=\"email\"><a href=\"mailto:info@modernipravnik.cz\">info@modernipravnik.cz<\/a><\/p>\n<p><a href=\"tel:+420732394849\"><\/p>\n<p class=\"phone\">\ud83d\udcde (+420) 732 394 849 <span><\/span><\/p>\n<p><\/a><\/p><\/div><\/div>\n<\/div>\n<\/div>\n<div class=\"cta-form__form\">\n<form class=\"mp-contact-form\" action=\"https:\/\/modernipravnik.cz\/chatbot\/cf\/cf-lead.php\" method=\"post\" novalidate data-trp-original-action=\"https:\/\/modernipravnik.cz\/chatbot\/cf\/cf-lead.php\">\n<input type=\"text\" name=\"website\" class=\"mp-cf-hp\" tabindex=\"-1\" autocomplete=\"off\" aria-hidden=\"true\"><br \/>\n<input type=\"hidden\" name=\"page\" value=\"\"><\/p>\n<div class=\"mp-cf-row\">\n<input type=\"text\" name=\"first_name\" placeholder=\"Jm\u00e9no\" required><br \/>\n<input type=\"text\" name=\"last_name\" placeholder=\"P\u0159\u00edjmen\u00ed\" required>\n<\/div>\n<p><input type=\"tel\" name=\"phone\" placeholder=\"Phone\"><br \/>\n<input type=\"email\" name=\"email\" placeholder=\"E-mail\" required><br \/>\n<textarea name=\"message\" placeholder=\"Stru\u010dn\u011b popi\u0161te, s \u010d\u00edm v\u00e1m m\u016f\u017eeme pomoci\"><\/textarea><br \/>\n<label class=\"mp-cf-consent\"><input type=\"checkbox\" name=\"consent\" required> I consent to the processing of my personal data for the purpose of handling my inquiry.<\/label><br \/>\n<button type=\"submit\">Odeslat<\/button><\/p>\n<div class=\"mp-cf-status\" role=\"status\" aria-live=\"polite\"><\/div>\n<input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n<link rel=\"stylesheet\" href=\"https:\/\/modernipravnik.cz\/chatbot\/cf\/cf.css\">\n<script src=\"https:\/\/modernipravnik.cz\/chatbot\/cf\/cf.js?v=1792426575\" defer><\/script>\n        <\/div><\/div><\/div>\n<style>\n.cta-form__wrapper {\n    margin: 40px 0;\n    background: #f2f2f2;\n    padding: 30px;\n    border-radius: 10px;\n}\n.cta-form__grid {\n    display: flex;\n    flex-wrap: wrap;\n    gap: 30px;\n    justify-content: space-between;\n}\n.cta-form__info {\n    flex: 1 1 48%;\n}\n.cta-form__form {\n    flex: 1 1 48%;\n    background: #fff;\n    padding: 20px;\n    border-radius: 10px;\n}\n\/* \u041c\u043e\u0431\u0438\u043b\u043a\u0438: 100% \u0448\u0438\u0440\u0438\u043d\u044b \u0438 \u0443\u0431\u0438\u0440\u0430\u0435\u043c \u0432\u043d\u0443\u0442\u0440\u0435\u043d\u043d\u0438\u0435 \u043f\u0430\u0434\u0434\u0438\u043d\u0433\u0438 *\/\n@media (max-width: 768px) {\n    .cta-form__wrapper {\n        padding: 0;\n        background: transparent;\n    }\n    .cta-form__grid {\n        flex-direction: column;\n        gap: 0;\n    }\n    .cta-form__info, .cta-form__form {\n        flex: 1 1 100%;\n        padding: 20px;\n        border-radius: 0;\n    }\n}\n<\/style>\n<\/p>\n<p>V\u0161echny tyto slu\u017eby a\u00a0produkty v\u00e1m pomohou snadno zvl\u00e1dnout. Nev\u00e1hejte n\u00e1s kontaktovat a\u00a0objednejte si na\u0161e slu\u017eby, smlouvy \u010di produkty p\u0159\u00edmo na webu.<\/p>","protected":false},"excerpt":{"rendered":"<p>Na\u0159\u00edzen\u00ed MiCA a\u00a0\u00a7 15\u00a0ZISIF p\u0159in\u00e1\u0161ej\u00ed pravidla pro regulaci kryptoaktiv a\u00a0alternativn\u00edch investi\u010dn\u00edch fond\u016f. Alternativn\u00ed fond podle \u00a7 15\u00a0ZISIF umo\u017e\u0148uje spravovat majetek men\u0161\u00edch skupin investor\u016f p\u0159i spln\u011bn\u00ed z\u00e1konn\u00fdch limit\u016f, v\u010detn\u011b minim\u00e1ln\u00ed investice a\u00a0registrace u\u00a0\u010cesk\u00e9 n\u00e1rodn\u00ed banky. V\u00a0\u010dl\u00e1nku se dozv\u00edte, jak prob\u00edh\u00e1 zalo\u017een\u00ed a\u00a0registrace fondu a\u00a0jak\u00e9 podm\u00ednky je nutn\u00e9 dodr\u017eet.<\/p>","protected":false},"author":754,"featured_media":12952,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2784,63],"tags":[2167,2171,2157,2155,2173,2163,2169,2159,2161,2165],"class_list":["post-10785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-a-investice","category-obchodni-pravo","tag-compliance-na-kryptotrhu","tag-evropska-unie-blockchain-zakony","tag-kryptoaktiva","tag-kryptoaktiva-v-cr","tag-licencovani-kryptomen","tag-poskytovatele-sluzeb-kryptoaktiv","tag-regulace-digitalnich-aktiv","tag-regulace-kryptomen-v-eu","tag-tokeny","tag-white-paper-licence"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Alternativn\u00ed fondy podle \u00a7 15 ZISIF: flexibiln\u00ed investi\u010dn\u00ed n\u00e1stroj<\/title>\n<meta name=\"description\" content=\"\u00a7 15 ZISIF - podm\u00ednky zalo\u017een\u00ed alternativn\u00edho fondu, minim\u00e1ln\u00ed investice, limity a proces registrace u \u010cNB p\u0159ehledn\u011b a prakticky.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/modernipravnik.cz\/en\/blog\/15-zisif\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alternativn\u00ed fondy podle \u00a7 15 ZISIF: flexibiln\u00ed investi\u010dn\u00ed n\u00e1stroj\" \/>\n<meta property=\"og:description\" content=\"\u00a7 15 ZISIF - podm\u00ednky zalo\u017een\u00ed alternativn\u00edho fondu, minim\u00e1ln\u00ed investice, limity a proces registrace u \u010cNB p\u0159ehledn\u011b a prakticky.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/modernipravnik.cz\/en\/blog\/15-zisif\/\" \/>\n<meta property=\"og:site_name\" content=\"Modernipravnik.cz\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/modernipravnik\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-01T17:30:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-10T22:05:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/modernipravnik.cz\/wp-content\/uploads\/2026\/03\/gdb85a787d42fd009ae0bab7072586e1a330cab11b1c2cc8b325be014cae229d44616c1bc644c6827ab81151a441adf9ae090aeb4629c44c92618a31d29df54f2_1280.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"850\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mgr. Petr Uklein\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mgr. Petr Uklein\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/modernipravnik.cz\\\/blog\\\/15-zisif\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/modernipravnik.cz\\\/blog\\\/15-zisif\\\/\"},\"author\":{\"name\":\"Mgr. 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