Amendments to Latvian Bank Regulation No. 160 'Credit Register Regulations' (Regulation No. 415)

Text version

Attention! You are using an outdated web browser version.

To use all features offered on the Likumi.lv website, we invite you to download the latest browser version. We also offer the mobile version of the website – m.likumi.lv.

don't show this message again

Confirm

We invite you to participate in the user satisfaction survey this week!

Thank you for your opinion!

Show later

LAWS OF THE REPUBLIC OF LATVIA types topics most viewed newest LV EN to the top

Advanced Search
Default values
Advanced Search
How to search?
Search by name search in inflections search for phrase Search in text search in inflections search for phrase Issuer Type don't search in amendments Adopted Enters into force Document No. until until Published in LV Lost force Edition as of until until Status:
in force not yet in force lost force clear
Authorize in your account
Why authorize or register?

Latvian Bank Regulation No. 415 Riga 9 February 2026

Amendments to Latvian Bank Regulation No. 160 'Credit Register Regulations' of 18 January 2018

Issued in accordance with Articles 10, 13, 17, paragraph 2 and paragraph 5 point 1 of Article 24, paragraph 4 of Article 31, paragraph 5 of Article 38, paragraph 4 of Article 39 and paragraph 3 of Article 40 of the Credit Register Law

Make the following amendments to Latvian Bank Regulation No. 160 'Credit Register Regulations' of 18 January 2018 (Latvijas Vēstnesis, 2018, No. 17 and No. 144; 2019, No. 64; 2020, No. 16 and No. 82; 2021, No. 58, No. 81 and No. 187; 2022, No. 63; 2023, No. 32 and No. 248; 2024, No. 137 and No. 249):

1.1. replace throughout the text of the regulations the words and numbers "Implementing Regulation No. 680/2014" (in the respective case) with the words and numbers "Implementing Regulation (EU) 2024/3117" (in the respective case);

1.2. replace throughout the text of the regulations the words "regulations on asset quality assessment and provision formation" with the words "Latvian Bank regulations specifying credit risk management requirements regarding asset quality assessment and provision formation";

1.3. replace throughout the text of the regulations the words "regulations on asset and off-balance sheet liability assessment" with the words "Latvian Bank regulations specifying credit risk management requirements for credit institutions regarding asset and off-balance sheet liability assessment";

1.4. replace in sub-points 10.1 and 11.1 the words "actual balance" with the words "outstanding principal amount";

1.5. express point 42 in the following wording: "42. The information 'Unified Registration Number' is included in the register if the client or the client's guarantor is a legal entity, an individual entrepreneur, a personal society, or a condominium owners' association that is a resident (hereinafter collectively – resident legal entity).";

1.6. supplement point 43 with a second sentence in the following wording: "If the client or the client's guarantor is a condominium owners' association, when including the information 'Unified Registration Number' in the register, the identifier assigned by the State Construction Control Bureau is indicated.";

1.7. express the title of sub-section 3.4.1 in the following wording: "3.4.1. Outstanding principal amount of client liabilities (outstanding principal amount)";

1.8. in point 115:

1.8.1. replace the words "actual balance" with the words "outstanding principal amount";

1.8.2. supplement after the word "actual" with the word "principal amount";

1.9. replace in point 180.2 the words "actual balance" with the words "outstanding principal amount";

1.10. express point 189 in the following wording: "189. The information 'Note on project finance loan' is included in the register by a register participant that is a credit institution or a subsidiary of a credit institution registered in Latvia, if the client's liabilities correspond to the case specified in Section 2 'Reporting financial information in accordance with IFRS' of the Annex to Commission Implementing Regulation (EU) 2024/3117 of 29 November 2024 laying down implementing technical standards with regard to supervisory reporting of institutions and repealing Commission Implementing Regulation (EU) 2021/451 (hereinafter – Implementing Regulation (EU) 2024/3117), and the project finance loan is secured by assets linked to the project and repaid from the cash flow generated by the project.";

1.11. express the second sentence of point 190 in the following wording: "Client liabilities are considered subordinate liabilities in accordance with the definition included in the table of Annex II to Regulation (EU) 2021/379 of the European Central Bank of 22 January 2021 on the balance sheet items of the credit institutions and monetary financial institutions sector (ECB/2021/2).";

1.12. supplement the first sentence of point 193 after the word "balance" with the words and parentheses "(outstanding nominal amount), which includes the outstanding principal amount of the client's liabilities, the amount of overdue interest on the client's liabilities, and the amount of other overdue payments on the client's liabilities (hereinafter – actual balance of the client's liabilities),";

1.13. supplement point 195.1 after the word "used" with the words "registered in Latvia";

1.14. replace in point 222 the words "actual balance" with the words "outstanding principal amount";

1.15. supplement point 226 after the word "credit institution" with the words "or subsidiary of a credit institution registered in Latvia";

1.16. replace in points 269 and 274 the number and words "Annex V" with the numbers and words "Section 2 'Reporting financial information in accordance with IFRS' of Annex I";

1.17. replace in sub-point 289.1 the numbers and words "Annex II, point 3.2.5" with the numbers and words "Section 1 'Reporting on own funds and own funds requirements' of Annex I";

1.18. replace in point 297 the numbers and words "Annex II, points 3.2.5 and 3.3.3" with the numbers and words "Section 1 'Reporting on own funds and own funds requirements' of Annex I";

1.19. replace in points 328, 331, 337, 339, 341, 342, and 343 the word "five" with the word "three";

1.20. replace in points 383, 384, and 385 the words "actual balance" with the words "outstanding principal amount";

1.21. replace in point 386 the words "participant has concluded an e-contract or" with the words and parentheses "participant's status obtained (by concluding an e-contract) or lost or";

1.22. replace in point 387 the words "actual balance" with the words "outstanding principal amount";

1.23. supplement the regulations with points 441, 442, and 443 in the following wording: "441. On 1 July 2026, the Latvian Bank renames the information 'Actual balance of client liabilities' to 'Outstanding principal amount of client liabilities'. 442. The information 'Type of impairment of client liabilities' is included in the register by a subsidiary of a credit institution registered in Latvia, starting from 1 July 2026 (for the status as of 30 June 2026). 443. If a register participant, a limited register participant, or the State Treasury has included information about client liabilities in the register by 1 July 2026, and on 1 July 2026 these client liabilities have not terminated and the respective rights and obligations or claim rights have not been transferred to another person, the register participant, limited register participant, or State Treasury must review and update the information 'Type of client liabilities' included in the register by 30 September 2026 in accordance with changes in the code '80' ('Loan for housing acquisition'), '81' ('Loan for real estate acquisition'), or '91' ('Other loans') specified in the 'List of codes for types of client liabilities' (Annex 3).";

1.24. in Annex 3:

1.24.1. express the row providing the description of the client liability type code '80' in the following wording: " Loan for housing acquisition (loan to a household for the acquisition, construction, reconstruction, and repair of housing (land, house, apartment intended for human accommodation, as well as economic buildings, for example, basement, garage, shed, barn, etc.), including a loan for improving the economic indicators of the housing (for example, installation of solar panels)) 80 ";

1.24.2. express the row providing the description of the client liability type code '81' in the following wording: " Loan for real estate acquisition (loan to a legal entity or a natural person who is a self-employed person for the acquisition, construction, reconstruction, and repair of real estate, including a loan for improving the economic indicators of the respective person's real estate) 81 ";

1.24.3. express the row providing the description of the client liability type code '95' in the following wording: " Other loans (loan that according to this list of codes does not correspond to any other type of client liability, including a loan to a household (including a self-employed person) whose purpose is to start or promote commercial activity or finance other long-term investment projects, and including a loan for financing equipment whose operational characteristics (for example, capacity, efficiency) are related to the production and sale of electricity, heat energy, biogas, or other types of energy resources for commercial activity) 95 ";

1.25. express the row of Annex 24 providing the description of the code '2' for indication of recognition on and off-balance sheet in the following wording: " Client liabilities recognized on or off-balance sheet to the extent of the register participant's further involvement (in accordance with Section 2 'Reporting financial information in accordance with IFRS' of Annex I to Implementing Regulation (EU) 2024/3117) 2 ";

1.26. express the column title of Annex 25 providing the descriptions of the impairment source codes for client liabilities in the following wording: " Impairment sources of client liabilities (in accordance with Section 8 'Reporting on asset impairments' of Annex I to Implementing Regulation (EU) 2024/3117) Code ".

Point 1.19 of these regulations enters into force on 1 April 2026.
Sub-points 1.4, 1.5, 1.6, 1.7, 1.8, 1.9, 1.12, 1.14, 1.15, 1.20, 1.22, and 1.24 of these regulations enter into force on 1 July 2026.

President of the Latvian Bank M. Kazāks

Act Information

Title: Amendments to Latvian Bank Regulation No. 160 'Credit Register ..

Status:

In force

in force

Issuer: Latvian Bank

Type: regulations

Number: 415

Adopted: 09.02.2026.

Enters into force: 13.02.2026.

Topic: Covid-19

Published: Latvijas Vēstnesis, 30, 12.02.2026.

OP number:

2026/30.18

Lineage: No known changes

Similar documents from other regulators