Annex I to Directive 2013/36/EU that the credit institution itends service activity: 1; 2; 3c; 4c (execution of direct debits, including one-off direct debits)
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).