Licensing

An alternative investment fund manager can commence its activities after its registration within Latvijas Banka (the registered manager) or after the receipt of license for alternative investment fund management activities (the licensed manager).

• How to obtain authorisation?
• Exchange of information between Latvijas Banka and EU supervisory authorities
• Procedure for the evaluation of qualifying holding
• Procedure for the assessment of the suitability of officials
• Assessment criteria of the reputation of person
• IMAS portal

In order to obtain a special credit union operating permit (licence), a newly established union shall submit to Latvijas Banka an application and documents required for obtaining a licence in accordance with the procedures prescribed by regulatory enactments.

Crowdfunding services may be provided by a legal persona who has obtained authorisation granted by Latvijas Banka in accordance with Regulation No 2020/1503.

Information on obtaining authorisation to provide crypto-asset services and issue tokens.

• Licensed electronic money institution
• Registered electronic money institution

• Issuers
• Regulated market operators
• Investment service providers

Foreign exchange trading companies may commence activities after registration in the register of currency trading companies maintained by Latvijas Banka in accordance with the Law on Payment Services and Electronic Money.

• Insurance companies
• Reinsurance
• Insurance intermediaries

An investment management company is a joint stock company, basic activity of which is management of investment funds. In order to obtain a licence, the investment management company shall submit to Latvijas Banka an application for receipt of a licence.

• Licensed payment institution
• Registered payment institution

• Private pension funds
• State funded pension scheme