Regulatory Alerts2024-02-16
Regulation on Compiling and Submitting Statistical Data on Foreign Assets and Liabilities (1-MB)
Latvijas Banka issued Regulation No 213 to establish the requirements and procedures for Latvian reporting agents to compile and submit quarterly statistical data on foreign assets and liabilities. The regulation mandates that commercial companies and foreign branches submit the 1-MB report electronically or in paper by the 25th of the month following each quarter, detailing direct investments, fellow enterprises, and other non-resident positions. This regulation repeals the previous Regulation No 110 and takes effect on 1 January 2023, with the final quarter of 2022 data due by 25 January 2023.
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