In accordance to Directive 2013/36/EU Annex I the credit institution will carry out service activities 7; 7a; 7b; 7c; 7e; 8; 9; 12 (start date 05.10.2023.)
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).