Regulatory Alerts2018-06-20
Added · Updated
Description of Procedure for Issuing Licences and Authorisations under the Law on Markets in Financial Instruments
The Bank of Lithuania approves the procedure for issuing regulated market licences, financial brokerage firm licences, and authorisations for transaction data reporting services providers, third-country branches, and tied intermediaries. The document defines five financial brokerage licence categories (A, B, C, E) and sets specific conditions for holding financial instruments, limiting accidental positions to 15% of initial capital. It mandates detailed application requirements for reorganisations, branch operations, and credit institution preparedness assessments, while establishing a 10-business-day decision timeline for including persons in the public list of tied intermediaries.
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