Regulatory Alerts2025-10-01
Latvijas Banka Regulation No 241 on Acquiring or Increasing a Qualifying Holding in Financial Institutions
Latvijas Banka issued Regulation No 241 to establish the criteria, calculation methods, and notification procedures for acquiring or increasing qualifying holdings in various financial institutions. The regulation defines concerted action and significant influence, mandating that acquirers submit detailed notifications before transactions occur. It further outlines the assessment framework, requiring evaluations of the acquirer's reputation, professional competence, and financial stability while applying the principle of proportionality to specific information requirements.
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