Akciju sabiedrība "SAF TEHNIKA"
Registration number
40003474109
Legal address
Ganību dambis 24a, Rīga, LV-1005
Country of origin
Latvia
Supervisory authority
Type of infringement
Breach of Article 15 of the regulation No 596/2014 - the sanctions have been applied since during the period from 15.02.2016 to 29.03.2017 Jānis Žavners and Māra Lībiete engaged in the market manipulations with the shares of AS "Rīgas kuģu būvētava" and AS “SAF tehnika”, which resulted in an impact on the stock market price.
Date
07.06.2018
Status
In force
Sanctions applied
A fine of 1000 euro imposed on Jānis Žavners. Public announcement on infringement of the laws and regulations of the European Union committed by Māra Lībiete.
Related article
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).