"BALVA" Apdrošināšanas akciju sabiedrība
In accordance with Decision No. 144 of the Board of the Financial and Capital Market Commission of 13.06.2013, all operating licences issued to the IJSC “Balva” have been withdrawn as from 17.06.2013.
On 6 July 2016 the City of Riga Northern District Court (Rīgas pilsētas Ziemeļu rajona tiesa) handed down its decision of opening of insolvency proceedings of the IJSC “Balva” (legal address: E. Birznieka-Upīša iela 12, Riga, LV-1050, Latvia). On 7 November 2017 the City of Riga Northern District Court (Rīgas pilsētas Ziemeļu rajona tiesa) appointed Mrs Kristine Mergina as administrator (Contact details – address: Rūpniecības iela 40-71, Valmiera, LV-4201, Latvia, telephone: +371 6426 4976, +371 2648 8527, fax.: +371 6426 4976, e-mail: kristine.mergina@inbox.lv).
Market segments
How to become a market participant
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).