FCMC issues licences to “Mintos Marketplace” and “Mintos Payments”

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On 17 August, the Board of the Financial and Capital Market Commission (FCMC) decided to issue a licence to AS "Mintos Marketplace" for the provision of investment and ancillary services and to issue a licence to SIA "Mintos Payments" for the operation of electronic money institution.

The authorised investment services indicated in the licence issued to AS “Mintos Marketplace” are execution of orders on behalf of clients, dealing on own account, portfolio management, investment advice and placing of financial instruments without an obligation to redeem financial instruments.

The authorised ancillary investment services indicated in the licence issued to AS “Mintos Marketplace” are holding of financial instruments, provision of services related to primary placement of financial instruments, provision of investment research, financial analysis or other general recommendation regarding transactions in financial instruments, as well as currency exchange services if they are related to the provision of investment services.

During the transitional period after obtaining a licence, on the platform managed by AS “Mintos Marketplace” offering of investments in loans issued by credit issuers by means of cession will be gradually discontinued and offering of financial instruments will begin.

AS “Mintos Marketplace” will inform clients about the changes related to the change of status, protection mechanisms applicable to investors in relation to transactions in financial instruments in accordance with the Financial Instruments Market Law and relevant Directive (MiFID II), packaged retail and insurance-based investment products (PRIIPs) and Prospectus Regulation, the risks associated with investments in AS “Mintos Marketplace” distributed products, as well as will inform clients regarding the functioning of investor protection system in accordance with the provisions of Investor Protection Law.

The licence issued to SIA “Mintos Payments” for the operation of electronic money institution authorises SIA “Mintos Payments” to issue electronic money and to provide the payment services indicated in the licence.

For further information:
Airisa Ādamsone
Public Relations Specialist
FCMC’s Communications and Financial Literacy Division
Phone: +371 67774807
E-mail: airisa.adamsone@fktk.lv


Kungu iela 1, Riga, LV-1050
6 7774800
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