Onsite inspections

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In 2021, the Financial and Capital Market Commission (FCMC) is planning to carry out 38 different onsite* inspections to gain reasonable assurance regarding compliance of the activities of Latvia’s financial and capital markets participants with legal requirements, as well as to ensure the protection of investors interests.

In 2021, the FCMC is planning to perform 10 inspections in the field of the prevention of money laundering and terrorism and proliferation financing (AML/CTPF) and sanctions, five inspections in the field of investment services and five – in information technology (IT) area, including one overall IT risk assessment, while 23 inspections are planned in the field of prudential supervision, of which three horizontal inspections of less significant banks; besides, the FCMC’s supervisors will participate in the inspections performed by the European Central Bank.**

* Onsite inspections will be carried out taking into account the current epidemiological situation and the restrictions imposed, applying a remote approach, where necessary.

** The ECB planned onsite inspection plan is not publicly available and is therefore not included in the publicly available FCMC’s onsite inspection plan.

Contacts


Address:
Kungu iela 1, Riga, LV-1050
Phone:
6 7774800
E-mail:
To report on unauthorised firms
Data protection

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