Latvijas Banka Rules No. 413 on Audit Committees of Public Interest Entities

Public interest entities must submit specific information regarding the establishment, composition, and delegation of audit committee functions to the Bank of Latvia within 10 working days of the relevant decision. The submission requirements vary based on the entity's status, including whether it is a small or medium-sized enterprise, a subsidiary, or an exempt financial institution, and must include member details, independence criteria, and qualification justifications. Any changes to the previously submitted information must also be reported to the Bank of Latvia within 10 working days via the official electronic address.

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Latvijas Banka Rules No. 413
Riga, 2 February 2026

Rules on Audit Committees of Public Interest Entities

Issued in accordance with Article 37.9, paragraph 2.1 of the Audit Services Law

These Rules determine the volume and deadline for submitting information, by which a public interest entity provides the Bank of Latvia with information on the establishment of an audit committee or a structure equivalent to it, its composition and changes in the composition of the audit committee, or the justification for not establishing it.

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Lineage: In force

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Source: Financial and Capital Market Commission Latvia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works