Amendments to Latvijas Banka Regulation No. 221 on Currency Trading Companies — LB — LV

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Latvijas Banka Regulation No. 418

Riga, 20 April 2026

Amendments to Latvijas Banka Regulation No. 221 of 3 October 2022 "Regulations on the Registration of Currency Trading Companies, Provision of Information and Ensuring Requirements for Currency Trading"

Issued in accordance with the third part of Article 26.3, Article 26.5, and the second part of Article 26.7 of the Payment Services and Electronic Money Law

Make the following amendments to Latvijas Banka Regulation No. 221 of 3 October 2022 "Regulations on the Registration of Currency Trading Companies, Provision of Information and Ensuring Requirements for Currency Trading" (Latvijas Vēstnesis, 2022, No. 192):

Express point 1.2 as follows:

"1.2. the currency trading company submits information and documents regarding its shareholders or participants (up to the natural person who is the beneficial owner within the meaning of the Law on the Prevention of Money Laundering and Terrorist and Proliferation Financing), the chairman of the board (if established), board member, chairman of the management board, management board member, prokurist, and the person responsible for compliance with the requirements of the Law on the Prevention of Money Laundering and Terrorist and Proliferation Financing in the currency trading company;".

Express point 4.3.2 as follows:

"4.3.2. if the person is a non-resident of Latvia - a document issued by a competent state institution no earlier than six months before the date of submission of the notice, confirming that the circumstances referred to in the first part of Article 21 of the Payment Services and Electronic Money Law do not apply to the person;".

Express point 4.3.4 as follows:

"4.3.4. acknowledgment of familiarity with the personal data processing procedure (Appendix 3 to these regulations);".

Replace the number "5.4." in point 12 with the number "4.4.".
Express Chapter III as follows:

"III. Information and documents to be submitted regarding the shareholders or participants (up to the natural person who is the beneficial owner within the meaning of the Law on the Prevention of Money Laundering and Terrorist and Proliferation Financing), chairman of the board (if established), board member, chairman of the management board, management board member, prokurist, or the person responsible for compliance with the requirements of the Law on the Prevention of Money Laundering and Terrorist and Proliferation Financing in the currency trading company, and the procedure for submitting this information

The currency trading company submits to Latvijas Banka regarding its shareholders or participants (up to the natural person who is the beneficial owner within the meaning of the Law on the Prevention of Money Laundering and Terrorist and Proliferation Financing), chairman of the board (if established), board member, chairman of the management board, management board member, prokurist, and the person responsible for compliance with the requirements of the Law on the Prevention of Money Laundering and Terrorist and Proliferation Financing in the currency trading company:

21.1. a notice (Appendix 2 to these regulations);

21.2. a professional biography of the person (CV - for at least the last 10 years, indicating also positions and functions performed);

21.3. if the person is a non-resident of Latvia - a document issued by a competent state institution no earlier than six months before the date of submission of the notice, confirming that the circumstances referred to in the first part of Article 21 of the Payment Services and Electronic Money Law do not apply to the person;

21.4. a copy or extract of the minutes of the meeting (session) of the competent management institution of the currency trading company with the decision to nominate the person for the position, or a copy of the decision of the competent official of the currency trading company on the appointment of the person to the respective position;

21.5. an acknowledgment of familiarity with the personal data processing procedure (Appendix 3 to these regulations).

21.1 If the currency trading company re-elects its chairman of the board, board member, chairman of the management board, or management board member for a new term of office, the currency trading company informs Latvijas Banka in writing and submits the document specified in point 21.3 of these regulations within 10 working days after such election.

21.2 The requirements specified in point 21.1 of these regulations do not apply if the information previously submitted to Latvijas Banka regarding the re-elected chairman of the board, board member, chairman of the management board, or management board member for a new term of office has changed and such changes may affect this person's compliance with the requirements established in the Payment Services and Electronic Money Law. In such a case, all documents specified in point 21 of these regulations must be submitted, observing the provisions of point 5 of these regulations."

In point 36:

6.1. replace the number "35.4." in point 36.5 with the number "36.4.";

6.2. replace the number "46." in point 36.7 with the number "47.".

Replace the numbers and words "35.1.-35.5., 35.7. and 35.8." in point 37 with the numbers and words "36.1.-36.5., 36.7. and 36.8.".
Replace the numbers "35.1.-35.5." in point 38 with the numbers "36.1.-36.5.".
In point 6 of Appendix 1:

9.1. replace the words "procedure documents" with the words "procedure descriptions";

9.2. replace the words "data protection certificates" with the words "acknowledgment of familiarity with the personal data processing procedure".

In Appendix 2:

10.1. replace the words "If this person is not a resident of Latvia, - a document issued no earlier than six months before the date of submission of the notice by the competent state institution of the country of residence and residence or registration of this person, confirming that the candidate for the position is not a person to whom" with the words "A document issued by a competent state institution no earlier than six months before the date of submission of the notice, confirming that the circumstances referred to in the first part of Article 21 of the Payment Services and Electronic Money Law do not apply to the person - non-resident";

10.2. replace the words "Data Protection Certificate" with the words "Acknowledgment of Familiarity with the Personal Data Processing Procedure".

In Appendix 3:

11.1. express the title of the appendix as follows:

"Acknowledgment of Familiarity with the Personal Data Processing Procedure";

11.2. replace the words "to be submitted to Latvijas Banka" with the words "to be submitted to Latvijas Banka";

11.3. replace the words "provisions of the law" with the words "requirements of the law";

11.4. replace the word "rights" with the words "said rights";

11.5. replace the numbers and words "Articles 52 and 53" with the numbers and words "Articles 26.6 and 52";

11.6. supplement the section "Contacts" with the words "or the Data State Inspectorate (contact information: www.dvi.gov.lv)".

President of Latvijas Banka M. Kazāks

Legal Act Information

Name: Amendments to Latvijas Banka Regulation No. 221 of 3 October 2022 "Regulations on the Registration of Currency Trading Companies..

Status:

In force

in force

Issuer: Latvijas Banka

Type: regulation

Number: 418 Adopted: 20.04.2026. Enters into force: 24.04.2026. Published: Latvijas Vēstnesis, 78, 23.04.2026.

OP number:

2026/78.13

Lineage: No known changes