Regulatory Alerts2024-02-16
Regulation No 207 on Compiling and Submitting Statistical Data on Card-based Payment Transactions
Latvijas Banka issued Regulation No 207 to establish the requirements, procedures, and deadlines for reporting agents to compile and submit statistical data on card-based payment transactions. The regulation mandates quarterly reporting for all agents and weekly reporting for those meeting specific transaction volume thresholds, while defining precise data fields and submission formats. This regulation repeals the previous Regulation No 196 and takes effect on 1 January 2023 to support the central bank's supervisory and statistical tasks.
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