RegAlert2026-06-18
Added
Rules on Issuing Licenses for Foreign Bank Branches and Permits for Foreign Bank Representative Offices
The Bank of Lithuania approves new rules governing the application process, documentation, and modification procedures for licenses of foreign bank branches and permits for foreign bank representative offices operating in Lithuania. The regulation mandates specific submission timelines, such as a 5-day window for updating data during application review and a 15-day limit for reporting changes to registered details, while repealing the 2001 decision on foreign bank establishment. These rules apply to foreign banks licensed in non-EU member states seeking to establish branches or representative offices, requiring them to submit detailed forms and supporting documents to the Bank of Lithuania. The regulation enters into force on January 11, 2027.
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BANK OF LITHUANIA BOARD
DECISION
ON THE APPROVAL OF THE RULES ON ISSUING LICENSES FOR FOREIGN BANK BRANCHES AND PERMITS FOR FOREIGN BANK REPRESENTATIVE OFFICES
June 18, 2026 No. 2026/03-71
Vilnius
Guided by Article 42(4)(1) of the Law on the Bank of Lithuania of the Republic of Lithuania, Article 19(2) and Article 22(2) of the Law on Banks of the Republic of Lithuania, and implementing Directive 2013/36/EU of the European Parliament and of the Council of June 26, 2013 on the access to the activity of credit institutions and the prudential supervision of credit institutions, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC, with the last amendments made by Directive (EU) 2024/1619 of the European Parliament and of the Council of May 31, 2024, the Bank of Lithuania Board decides:
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Source: Lietuvos Bankas — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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