Amendments to Latvian Bank Regulation No. 282 on Supervisory Reporting

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Latvian Bank Regulation No. 410
Riga, January 19, 2026

Amendments to Latvian Bank Regulation No. 282 of March 25, 2024 "Rules on the Preparation and Submission of Supervisory Reports"

Issued in accordance with the fifth part of Article 6, the third part of Article 43, and the second and third parts of Article 50 of the Credit Institutions Law, the second part of Article 63, and the third part of Article 68 of the Latvian Bank Law

Make the following amendments to Latvian Bank Regulation No. 282 of March 25, 2024 "Rules on the Preparation and Submission of Supervisory Reports" (Latvijas Vēstnesis, 2024, No. 62, No. 232):

1. Express point 1.4 as follows:

"1.4. the procedure for determining the volume of risk transactions with credit institution shareholders who have a significant interest in the credit institution, and these shareholders - natural persons - spouses, partners with whom a partnership is registered, parents and children, members of the credit institution's board of directors and management, spouses of these persons, partners with whom a partnership is registered, parents and children, as well as with commercial companies in which the aforementioned persons have a significant interest (hereinafter - persons connected to the credit institution)."

2. Replace the words and numbers "Commission Implementing Regulation (EU) 2021/451 of December 17, 2020, laying down implementing technical standards with regard to the supervision of the application of Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to supervisory reporting of institutions and repealing Implementing Regulation (EU) No 680/2014 (hereinafter - EU Regulation No 2021/451) Annex III" with the words and numbers "Commission Implementing Regulation (EU) 2024/3117 of November 29, 2024, laying down implementing technical standards with regard to the supervision of the application of Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to supervisory reporting of institutions and repealing Commission Implementing Regulation (EU) 2021/451 (hereinafter - EU Regulation No 2024/3117) Annex I, Section 2."

3. Strike out point 7.

4. Replace the numbers and word "2021/451 Annex III" in point 8 with the numbers and words "2024/3117 Annex I, Section 2."

5. Express point 9 as follows:

"9. The reporting templates mentioned in this chapter, which are less significant supervised institutions and branches, shall prepare and submit to the Latvian Bank within the timeframes specified in Article 3 of EU Regulation No 2024/3117 and in accordance with the regularity and conditions specified in Article 11 of EU Regulation No 2024/3117."

6. Express point 10 as follows:

"10. A credit institution that is a less significant supervised institution and which, in accordance with a decision of the Board of the Latvian Bank, is not identified as another systemically important institution, shall prepare a report on operational risk losses equal to or greater than 5000 euros equivalent, in accordance with template C 17.01 'Operational risk: last year's losses and loss recoveries by activity areas and event types' of Annex I, Section 1 'Reporting on own funds and own funds requirements' of EU Regulation No 2024/3117."

7. Replace the numbers "2021/451" in point 12 with the numbers "2024/3117".

8. Express point 24 as follows:

"24. The credit institution shall prepare the report mentioned in point 23 of these rules for the status on the last date of each reporting year and submit it to the Latvian Bank by February 1 of the following year."

9. Supplement point 27.2 with the following sentence:

"For land plots, indicate the building code that is close to the purpose of the land use."

10. Supplement the rules with points 37.2 and 37.3 as follows:

"37.2 The amendments to point 1.4 of these rules and Annex 9 'Instructions for filling out Annex 8 'Report on risk transactions with persons connected to the credit institution'' shall enter into force simultaneously with the corresponding amendments to the first part of Article 43 of the Credit Institutions Law.

37.3 Risk transactions with partners with whom a partnership is registered shall be included in the report contained in Annex 8 'Report on risk transactions with persons connected to the credit institution' of these rules if the risk transaction was entered into after July 1, 2026."

11. Express Annex 9 as follows:

"Annex 9 to Latvian Bank Regulation No. 282 of March 25, 2024

Instructions for filling out Annex 8 'Report on risk transactions with persons connected to the credit institution'

Name
Code
Explanation
Registration location code
The registration location code of the legal or natural person connected to the credit institution in accordance with the international standard ISO 3166 'Codes for the names of countries and their administrative territorial divisions' Registration number or personal code The registration number of the legal person connected to the credit institution in the public register (residents - in the Republic of Latvia, non-residents - in the respective country) or the personal code or similar code of the natural person that allows unambiguous identification of the respective person (residents - in the Republic of Latvia, non-residents - in the respective country) Category Shareholder of the credit institution Spouse, partner with whom a partnership is registered, parents and children of the shareholder of the credit institution - a natural person Member of the credit institution's board of directors Member of the credit institution's management Other leading employee of the credit institution (head of internal control function) Spouse, partner with whom a partnership is registered, parents and children of the member of the credit institution's board of directors, management, and other leading employee Other Name or first name and surname of the person connected to the credit institution Name of the legal person or first name and surname of the natural person"

President of the Latvian Bank M. Kazāks

Legal Act Information

Name: Amendments to Latvian Bank Regulation No. 282 of March 25, 2024 "Rules on the Preparation and Submission of Supervisory Reports...

Status:

In force in force
Issuer: Latvian Bank
Type: regulations
Number: 410 Adopted: 19.01.2026. Enters into force: 22.01.2026. Published: Latvijas Vēstnesis, 14, 21.01.2026.

OP number:

2026/14.6
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