Investment Service Providers

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Licence for provision investment services and ancillary investment services

An investment brokerage firm (investment firm) is a capital company that provides investment services and ancillary (non-core) investment services. The investment firm shall operate pursuant to the provisions of the Law on the Financial Instruments Market, the regulatory enactments of the Commission, and its own procedures, internal policies and regulations. The investment firm, which provides services with financial instruments included in the Latvian Central Depository, shall comply also with the regulations of the Depository. The investment firm, which provides services with financial instruments admitted to a regulated market, shall comply also with the regulations of the regulated market.

To receive the licence for the provision of investment services and ancillary (non-core) investment services, the investment firm shall submit to the Commission an application wherein it lists the investment services and ancillary (non-core) investment services it intends to provide and the documents referred to in Article 107 of the Law on the Financial Instruments Market (the Law).

The initial capital of investment firm shall comply with the provisions of Article 120 of the Law.

The Commission shall examine the application of investment firm and take a decision on granting a licence within a three-month period upon the receipt of all the documents specified in the Law for taking the decision, prepared and formulated in compliance with the requirements prescribed by regulatory enactments.

The Law on the Financial Instruments Market and other relevant regulations are available on the Commission’s website at http://www.fktk.lv/en/law/financial_instruments_market/laws/

Assessment criteria of the reputation of person: