Exception from 22.02.2019.
The expection payment service provider is entitled to provide payment service referred to in point 11 Article 3 (1) of the Law on Payment Services and Electronic Money.
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).