Regulatory Alerts2026-07-03
Added · Updated
Public announcement regarding NETAMAN INVEST OÜ's admitted breach of notification obligation
Latvijas Banka's Supervisory Committee imposed a public announcement sanction on NETAMAN INVEST OÜ for breaching Article 19 of Regulation (EU) No 596/2014. NETAMAN INVEST OÜ, as a person closely associated with AS "Rīgas kuģu būvētava" management, failed to notify transactions exceeding 20,000 euros in AS "Rīgas kuģu būvētava" shares by the October 28, 2025 deadline, submitting the notification 171 days late on April 17, 2026. Despite the delay, Latvijas Banka determined the breach did not negatively impact the financial market, involve inside information or market manipulation, and had no aggravating circumstances, with the public announcement aiming to enhance market transparency and investor confidence.
Topics
market-abuse
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