Amendments to Latvijas Banka Regulation No. 266 on the Application of Options in Directly Applicable EU Prudential Acts

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Latvijas Banka Regulation No. 426
Riga, September 28, 2026

Amendments to Latvijas Banka Regulation No. 266 of December 18, 2023 "Regulations on the Application of Options Provided for in Directly Applicable European Union Legal Acts on Prudential Requirements" /No. 426/

Issued in accordance with the first and second paragraphs of Article 50 of the Credit Institutions Law

Make the following amendments to Latvijas Banka Regulation No. 266 of December 18, 2023 "Regulations on the Application of Options Provided for in Directly Applicable European Union Legal Acts on Prudential Requirements" (Latvijas Vēstnesis, 2023, No. 248; 2024, No. 233):

1. Express point 6.1.
   subpoint in the following wording:
   "6.1. risk exposures with the credit institution's parent undertaking, the credit institution's subsidiary undertakings, or other subsidiary undertakings of the credit institution's parent undertaking, if:

6.1.1. the aforementioned undertakings are registered in European Union or European Economic Area countries (hereinafter - member state) and are subject to consolidated supervision, to which the credit institution itself is also subject, and their supervision at the level of the consolidation group is carried out by Latvijas Banka, a supervisory authority of another member state, or a foreign supervisory authority in a foreign country where consolidated supervision takes place in accordance with requirements that are equivalent to those established in the European Union;

6.1.2. in the credit institution's assessment, it meets the criteria set out in subpoint 7.2 of these regulations;."

2. Supplement the regulations with subpoint 6.1. 1 in the following wording:

"6.1. 1 with the permission of Latvijas Banka, risk exposures with the credit institution's parent undertaking, the credit institution's subsidiary undertakings, or other subsidiary undertakings of the credit institution's parent undertaking, if the aforementioned undertakings are registered in foreign countries and are subject to consolidated supervision, to which the credit institution itself is also subject, and their supervision at the level of the consolidation group is carried out by Latvijas Banka, a supervisory authority of another member state, or a foreign supervisory authority in a foreign country where consolidated supervision takes place in accordance with requirements that are equivalent to those established in the European Union;."

3. Express the introductory part of point 7 in the following wording:

"7. To obtain the permission of Latvijas Banka mentioned in subpoint 6.1. 1 of these regulations to limit risk exposures with the credit institution's parent undertaking, the credit institution's subsidiary undertakings, or other subsidiary undertakings of the credit institution's parent undertaking, if the aforementioned undertakings are registered in foreign countries and are subject to consolidated supervision, to which the credit institution itself is also subject, the credit institution submits to Latvijas Banka:."

President of Latvijas Banka M. Kazāks

Legal Act Details

Name: Amendments to Latvijas Banka Regulation No. 266 of December 18, 2023 "Regulations on the Application of Options Provided for in Directly Applicable European Union Legal Acts on Prudential Requirements" ...

Status:
Not yet in force not yet in force

Issuer: Latvijas Banka
Type: regulations
Number: 426 Adopted: 28.09.2026. Enters into force: 01.10.2026. Published: Latvijas Vēstnesis , 188, 30.09.2026.

OP number:
2026/188.6
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