Regulatory Alerts2024-02-16
Regulation on Compiling and Submitting Statistical Data on Customer Payments
Latvijas Banka issued Regulation No 208 to establish the requirements and procedures for reporting agents, including credit and payment institutions, to compile and submit statistical data on customer payments. The regulation mandates quarterly and semi-annual submissions detailing transaction volumes, values, and fraud statistics, with specific deadlines and formatting rules for electronic reporting. It further defines key payment terms and outlines the methodology for attributing and reporting fraudulent transactions to support supervisory and financial stability tasks.
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