Key Benefits:
REPUBLIC OF LITHUANIA LAW
AMENDING ARTICLES 1, 6, 7, 8, 11, 12, 14, 19, 20, 25, 31, 33, 35, 36, 38, 47, 49, 50, 53, 54, 541, 55 AND
THE HEADINGS OF CHAPTERS IV AND V,
REPEALING ARTICLES 26, 27, 28, 29, 30, 32, 37 OF THE LAW ON THE BANK OF LITHUANIA
AND AMENDING ARTICLE 29 OF THE law No X-569 SUPPLEMENTING THE ANNEX TO THE LAW
17 April 2014 No XII-829
Vilnius
Article 1. Amendment of Article 29
Article 29 shall be amended and set forth to read as follows:
“Article 29. Amendment of Article 54
Article 54 shall be amended and set forth to read as follows:
“Article 54. Obtaining and provision of information
1. State and municipal institutions and economic entities must provide to the Bank of Lithuania all information required for the performance of its functions.
2. The Bank of Lithuania may provide information to the European Central Bank, central banks of the European Union states, international monetary and financial organisations, state and municipal institutions, provided such information is necessary for performing their functions and this Law or other laws of the Republic of Lithuania do not prohibit the provision of such information. This prohibition shall not apply in cases when statistical information is to be provided to the European Central Bank, in such case confidentiality regime as provided in Article 8 of Council Regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank shall apply.
3. Loans received by legal persons registered in the Register of Legal Entities of the Republic of Lithuania from natural or legal persons without a state guarantee, and the place of residence of these persons or the registered office is located outside the Republic of Lithuania, shall be registered at the Bank of Lithuania in accordance with the procedure established by the Bank of Lithuania.
I promulgate this Law passed by the Seimas of the Republic of Lithuania.
PRESIDENT OF THE REPUBLIC DALIA GRYBAUSKAITĖ
