In accordance to Directive 2013/36/EU Annex I the credit institution will carry out service activities 4 (a,b,c,d,e), 6; MiFID activities A1,A2, A3/C11; B1/C11,B3/C1; B4/C1,C2,C3,C4, C8, C9, C10.
In order to become a participant of Latvian financial and capital markets and commence business activities, a credit institution, an insurance company, a reinsurance company, an insurance broker, a credit union, an investment management company, an investment firm, an operator of regulated market, a pension fund, a payment institution, an electronic money institution, as well as an alternative investment fund manager shall obtain operating authorisation (licence).