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:

1. Approve the Rules on Issuing Licenses for Foreign Bank Branches and Permits for Foreign Bank Representative Offices (attached).

2. Declare invalid the Decision of the Bank of Lithuania Board of July 19, 2001 No. 127 "On the Procedure for Issuing Permits for Foreign Banks to Establish Branches (Offices) and Representative Offices in the Republic of Lithuania and Permits for Their Operation".

3. Establish that this decision enters into force on January 11, 2027.

Chairman of the Board
Gediminas Šimkus

APPROVED

Bank of Lithuania Board

Decision No. 2026/03-71

June 18, 2026

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RULES ON ISSUING LICENSES FOR FOREIGN BANK BRANCHES AND PERMITS FOR FOREIGN BANK REPRESENTATIVE OFFICES

CHAPTER I

GENERAL PROVISIONS

1. The Rules on Issuing Licenses for Foreign Bank Branches and Permits for Foreign Bank Representative Offices (hereinafter – the Rules) establish the procedure for issuing a license for a foreign bank, licensed in a state not a member of the European Union (hereinafter – foreign bank), branch and a permit for the activity of a foreign bank representative office, submitting documents, informing about the issuance or refusal to issue, modifying the license for a foreign bank branch, and changing data after issuing a license for a foreign bank branch or a permit for a foreign bank representative office, as well as the form of the application for issuing (modifying) a license for a foreign bank branch and the form of the application for issuing a permit for a foreign bank representative office.

2. The terms used in the Rules are understood as defined in the Law on Banks of the Republic of Lithuania.

3. The requirements of the General Rules for Submission, Review, and Issuance of Applications for Permits by Financial Market Participants Supervised by the Bank of Lithuania, approved by the Decision of the Bank of Lithuania Board of May 6, 2004 No. 58 "On the Approval of the General Rules for Submission, Review, and Issuance of Applications for Permits by Financial Market Participants Supervised by the Bank of Lithuania", apply to documents submitted and actions performed under these Rules.

CHAPTER II

APPLICATION FOR ISSUING A LICENSE for a foreign bank branch OR a permit for a foreign bank representative office

4. A foreign bank wishing to obtain a license for a foreign bank branch or a permit for a foreign bank representative office (hereinafter – the applicant) submits to the Bank of Lithuania a completed application specified in Annex 1 to the Rules (if seeking to obtain a license for a foreign bank branch) or Annex 2 (if seeking to obtain a permit for a foreign bank representative office activity), and additional data, information, and documents specified therein, required for the assessment of the application.

5. If the data and (or) information specified in the application or other submitted documents change during the application review process, the applicant must submit the updated data and (or) information to the Bank of Lithuania no later than 5 working days from the date of their change.

6. Data, information, and documents may not be submitted if the Bank of Lithuania already possesses such data, information, and documents, and the applicant specifies the circumstances of their submission and confirms that such data, information, or documents are correct, comprehensive, non-misleading, and relevant.

7. The Bank of Lithuania may require the applicant to submit additional data, information, or documents if necessary to verify whether all requirements for obtaining a license for a foreign bank branch or a permit for a foreign bank representative office activity are met.

CHAPTER III

NOTIFICATION REGARDING THE ISSUANCE OR REFUSAL TO ISSUE A LICENSE for a foreign bank branch OR A PERMIT FOR A FOREIGN BANK REPRESENTATIVE OFFICE

8. The Bank of Lithuania informs the applicant and publishes on the Bank of Lithuania's website the decision regarding the issuance or refusal to issue a license for a foreign bank branch or a permit for a foreign bank representative office activity no later than 5 working days from the date of the decision.

CHAPTER IV

MODIFICATION OF A LICENSE FOR A FOREIGN BANK BRANCH

9. A foreign bank intending to provide financial services not specified in the issued license for a foreign bank branch must apply to the Bank of Lithuania with a request to modify the existing license and submit the application specified in Annex 1 to the Rules, including data, information, and documents that change due to the intended provision of additional services.

10. The Bank of Lithuania makes a decision on the modification of the license for a foreign bank branch in accordance with the procedure and time limits for issuing a license for a foreign bank branch established by the Law on Banks and these Rules.

CHAPTER V

NOTIFICATION REGARDING CHANGED DATA AND DOCUMENTS

11. Unless otherwise provided by other legal acts, a foreign bank branch must inform the Bank of Lithuania in writing if the following data and (or) documents change:

11.1. name and registered office address;

11.2. trade name, if it differs from the name registered in the Register of Legal Entities;

11.3. actual place of business, if it differs from the registered office address registered in the Register of Legal Entities;

11.4. website address, contact information (telephone number, email address);

11.5. information about the contact person to whom the Bank of Lithuania should address for supervision purposes when a license for a foreign bank branch is issued;

11.6. information about the person responsible for implementing the foreign bank branch's compliance with anti-money laundering and counter-terrorist financing requirements, to whom the Bank of Lithuania should address for supervision purposes when a license for a foreign bank branch is issued;

11.7. branch managers, other persons who must obtain the supervisory authority's permission;

11.8. persons holding a qualified share of the foreign bank's statutory capital and (or) voting rights;

11.9. branch statutes, indicating what was changed in them;

11.10. governance and organizational structure of the foreign bank and the financial group to which it belongs;

11.11. the foreign bank's license or other documents confirming the right to conduct credit institution activities and (or) the activity specified in Article 3(1)(6) of the Law on Financial Institutions of the Republic of Lithuania, for which the license for a foreign bank branch was issued;

11.12. the foreign bank's and the financial group to which it belongs' compliance with risk-limiting requirements applicable under the legal acts of the foreign state.

12. Unless otherwise provided by other legal acts, a foreign bank representative office must inform the Bank of Lithuania in writing if the following data and (or) documents change:

12.1. name and registered office address;

12.2. trade name, if it differs from the name registered in the Register of Legal Entities;

12.3. actual place of business, if it differs from the registered office address registered in the Register of Legal Entities;

12.4. website address, contact information (telephone number, email address).

13. Changes to the data and (or) documents specified in points 11 and 12 of these Rules must be reported to the Bank of Lithuania immediately, but no later than 15 calendar days from the date of their change, unless other time limits for informing about changed information are established by other legal acts regulating the activity of a foreign bank branch or a foreign bank representative office.

14. If data entered in the license for a foreign bank branch or the permit for a foreign bank representative office activity changes, the Bank of Lithuania modifies the data entered in the license for a foreign bank branch within 5 working days.

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Annex 1 to the Rules on Issuing Licenses for Foreign Bank Branches and Permits for Foreign Bank Representative Offices

APPLICATION FOR ISSUING (MODIFYING) A LICENSE FOR A FOREIGN BANK BRANCH

The information provided in this annex, including personal data, is necessary and will be used for the performance of the supervisory authority's functions and may be disclosed to third parties in the course of performing these functions. Information on the processing of personal data by the Bank of Lithuania is available on the Bank of Lithuania's website (https://www.lb.lt/lt/asmens-duomenu-apsauga).

Specify the requested information and documents and attach documents.

If you do not answer all questions and do not explain why you did not answer all questions, or do not confirm the provided information with your signature, the provided information will be considered incomplete.

Questions	Information / Annex numbers, titles, and page count, or reasons for not providing information / annex
Type of Application (check the applicable one)
Application for issuing a license for a foreign bank branch
Application for modifying a license for a foreign bank branch
Main person with representation rights, with whom the Bank of Lithuania may contact regarding the application
First Name	Last Name
Position
Telephone Number
Email Address
Document confirming representation rights
Information about other persons with representation rights who may provide information related to the application to the Bank of Lithuania and receive it (please fill out a separate copy of this table section for each person)
First Name	Last Name
Position
Telephone Number
Email Address
Document confirming representation rights
Information about the contact person to whom the Bank of Lithuania should address for supervision purposes when a license for a foreign bank branch is issued
First Name	Last Name
Position
Telephone Number
Email Address
Document confirming representation rights
Information about the person responsible for implementing the foreign bank branch's compliance with anti-money laundering and counter-terrorist financing requirements, to whom the Bank of Lithuania should address for supervision purposes when a license for a foreign bank branch is issued
First Name	Last Name
Position
Telephone Number
Email Address
Document confirming representation rights
Information about the Applicant
Foreign Bank Name
Trade Name (Trademark)
Legal Form
Legal Entity Code
Legal Entity Identifier (LEI) Code
Date of Establishment
Registered Office Address
Actual Place of Business Address, if different from the registered office address
Website Address and Social Media (Media) Addresses Used
List of persons holding a qualified share of the foreign bank's statutory capital and (or) voting rights, and documents required to assess the suitability of these persons under Article 25 of the Law on Banks
Foreign Bank's establishment documents, registration certificate, license, or other documents confirming the right to conduct credit institution activities and (or) the activity specified in Article 3(1)(6) of the Law on Financial Institutions, for which the foreign bank seeks to obtain a license in the Republic of Lithuania
Description of the governance and organizational structure of the foreign bank and the financial group to which it belongs
Confirmation that the foreign bank and the financial group to which it belongs comply with risk-limiting requirements applicable under the legal acts of the foreign state
Foreign Bank's individual and consolidated financial statements for the last three years, certified by an independent auditor
Description of the procedure for prohibiting or otherwise ensuring the safety of deposits accepted by branches of foreign banks established in other states, and how the safety of deposits will be ensured in the foreign bank branch established in the Republic of Lithuania
Confirmation that the foreign bank's supervisory authority was notified of the application to establish a branch in the Republic of Lithuania and the documents specified in Article 19(3)(3) of the Law on Banks, and that these application and documents were submitted to it for review
Confirmation that the foreign state's supervisory authority does not object to the establishment of the foreign bank's branch in the Republic of Lithuania, and information from this supervisory authority regarding the procedure for supervising foreign banks, including branches in other states, in that state, and the requirements for banks and the obligation to supervise the branch established in the Republic of Lithuania and provide information to the Lithuanian supervisory authority
Information about the Foreign Bank Branch
Foreign Bank Branch Name
Trade Name (Trademark)
Legal Entity Code
Legal Entity Identifier (LEI) Code
Date of Establishment
Registered Office Address
Actual Place of Business Address, if different from the registered office address
Website Address and Social Media (Media) Addresses Used
Competent Authority of the Foreign Bank's Decision to Establish a Branch in the Republic of Lithuania
Branch Statutes
List of branch managers and persons responsible for risk management, compliance, and internal audit functions, as well as for the branch's financial resource management, financial planning, and financial reporting, who must obtain the supervisory authority's permission, and documents required to assess the suitability of these persons under Article 34 of the Law on Banks
Branch's activity plan for the first three years, providing estimated activities, specifying which financial services will be provided, and describing the branch's organizational structure and risk management
Draft of the branch's accounting policy and detailed description of the accounting system
Documents and information confirming that the foreign bank branch has a safe and reliable system ensuring foreign bank branch activity: internal control system, personnel, technical, information, technological protection measures, premises, and property insurance
Description of anti-money laundering and counter-terrorist financing risk assessment and management systems and policies, including main procedures aimed at preventing the foreign bank branch from being used for money laundering, terrorist financing, or other financial crimes
Documents and information required to assess the foreign bank branch's compliance with the conditions specified in Article 77(2)(1) of the Law on Banks and to assign it to Class 1 or Class 2
Documents confirming that the foreign bank branch has unencumbered capital meeting the requirements of Article 77(3) of the Law on Banks
Documents confirming that the foreign bank branch has liquid assets meeting the requirements of Article 77(4) of the Law on Banks
Document confirming payment of the state fee for issuing (modifying) a license for a foreign bank branch
Other additional documents provided by the applicant (if providing additional documents, extend this table by specifying the names of the provided documents)

I, the undersigned below:

1. Confirm that all information established by legal acts provided in this application and attached annexes is correct, comprehensive, non-misleading, and relevant, and that the provided data is correct, comprehensive, non-misleading, and relevant.

2. Understand that providing incorrect, misleading, and (or) incomplete information may delay the assessment of the application, and a decision may be made to refuse to examine the application on its merits or to refuse to issue (modify) a license for a foreign bank branch.

3. Undertake to inform the Bank of Lithuania immediately, but no later than 5 working days, about changes to the information provided in this application occurring before the issuance (modification) of the license for a foreign bank branch requested in this application.

4. Am prepared to provide all other documents, information, and explanations requested by the Bank of Lithuania necessary for the Bank of Lithuania's assessment regarding the issuance (modification) of a license for a foreign bank branch.

5. Understand that the Bank of Lithuania:

5.1. May check the data and information provided in this application, as well as other data and information I provide, in accordance with the procedures established by the legal acts of the European Union and the Republic of Lithuania;

5.2. In checking the data and information specified in this application and documents submitted with it, may involve relevant institutions of the Republic of Lithuania and other states, to whom the information and data I provide to the Bank of Lithuania may be disclosed in accordance with legal acts.

Date of Completion

First Name Last Name, Position, Signature

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Annex 2 to the Rules on Issuing Licenses for Foreign Bank Branches and Permits for Foreign Bank Representative Offices

APPLICATION FOR ISSUING A PERMIT FOR A FOREIGN BANK REPRESENTATIVE OFFICE ACTIVITY

The information provided in this annex, including personal data, is necessary and will be used for the performance of the supervisory authority's functions and may be disclosed to third parties in the course of performing these functions. Information on the processing of personal data by the Bank of Lithuania is available on the Bank of Lithuania's website (https://www.lb.lt/lt/asmens-duomenu-apsauga).

Specify the requested information and documents and attach documents.

If you do not answer all questions and do not explain why you did not answer all questions, or do not confirm the provided information with your signature, the provided information will be considered incomplete.

Questions	Information / Annex numbers, titles, and page count, or reasons for not providing information / annex
Main person with representation rights, with whom the Bank of Lithuania may contact regarding the application
First Name	Last Name
Position
Telephone Number
Email Address
Document confirming representation rights
Information about other persons with representation rights who may provide information related to the application to the Bank of Lithuania and receive it (please fill out a separate copy of this table section for each person)
First Name	Last Name
Position
Telephone Number
Email Address
Document confirming representation rights
Information about the contact person to whom the Bank of Lithuania should address for supervision purposes when a permit for a foreign bank representative office activity is issued
First Name	Last Name
Position
Telephone Number
Email Address
Document confirming representation rights
Information about the Applicant
Foreign Bank Name
Trade Name (Trademark)
Legal Form
Legal Entity Code
Legal Entity Identifier (LEI) Code
Date of Establishment
Registered Office Address
Actual Place of Business Address, if different from the registered office address
Website Address and Social Media (Media) Addresses Used
Foreign Bank's establishment documents, registration certificate, license, or other documents confirming the right to conduct credit institution activities
Confirmation that the foreign state's supervisory authority does not object to the establishment of the foreign bank's representative office in the Republic of Lithuania
Information about the Foreign Bank Representative Office
Foreign Bank Representative Office Name
Trade Name (Trademark)
Legal Entity Code
Legal Entity Identifier (LEI) Code
Date of Establishment
Registered Office Address
Actual Place of Business Address, if different from the registered office address
Website Address and Social Media (Media) Addresses Used
Competent Authority of the Foreign Bank's Decision to Establish a Representative Office in the Republic of Lithuania
Representative Office Statutes
Information about the Representative Office Manager (First Name Last Name, address, telephone number, email)
Representative Office's establishment goals and activities, which the representative office will engage in
Document confirming payment of the state fee for issuing a permit for a foreign bank representative office activity
Other additional documents provided by the applicant (if providing additional documents, extend this table by specifying the names of the provided documents)

I, the undersigned below:

1. Confirm that all information established by legal acts provided in this application and attached annexes is correct, comprehensive, non-misleading, and relevant, and that the provided data is correct, comprehensive, non-misleading, and relevant.

2. Understand that providing incorrect, misleading, and (or) incomplete information may delay the assessment of the application, and a decision may be made to refuse to examine the application on its merits or to refuse to issue a permit for a foreign bank representative office activity.

3. Undertake to inform the Bank of Lithuania immediately, but no later than 5 working days, about changes to the information provided in this application occurring before the issuance of the permit for a foreign bank representative office activity requested in this application.

4. Am prepared to provide all other documents, information, and explanations requested by the Bank of Lithuania necessary for the Bank of Lithuania's assessment regarding the issuance of a permit for a foreign bank representative office activity.

5. Understand that the Bank of Lithuania:

5.1. May check the data and information provided in this application, as well as other data and information I provide, in accordance with the procedures established by the legal acts of the European Union and the Republic of Lithuania;

5.2. In checking the data and information specified in this application and documents submitted with it, may involve relevant institutions of the Republic of Lithuania and other states, to whom the information and data I provide to the Bank of Lithuania may be disclosed in accordance with legal acts.

Date of Completion

First Name Last Name, Position, Signature