Changes To The Financial And Capital Market Commission Act

Original Language Title: Grozījumi Finanšu un kapitāla tirgus komisijas likumā

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Read the untranslated law here: https://www.vestnesis.lv/op/2013/183.1

The Saeima has adopted and the President promulgated the following laws: changes to the financial and capital market Commission in the law to make financial and capital market Commission (Act of the Republic of Latvia Saeima and the Cabinet of Ministers rapporteur, 2000, nr. 13; 2001, 24. No, 2, 6, 2009. no; Latvian journal, 2009, nr. 196; 2010, no. 205; 169. in 2011, no; 2012, 186 No.) the following amendments: 1. Supplement article 4, after the words "of external credit assessment institutions (rating agency)" with the words "alternative investment fund managers". 2. Replace article 8 and 28 the words "newspaper" with the words "Official Gazette". 3. Express article 23, first subparagraph as follows: "(1) the fees to finance the activities of the Commission consists of: 1) the insurer payment pursuant to the insurance companies and the supervisory legal about and order; 2) private pension fund payments, according to the law "on private pension funds," set around and order; 3 payments under the credit) the supervision of credit institutions and the legal procedures around; 4) investment brokerage firm charges according to the law on the financial instruments market set around and order; 5) organizer of the regulated market under the payment on the financial instruments market law and order around in; 6 the depositary's duty under) the law on the financial instruments market set around and order; 7) investment management company charges according to the investment management community about legal and procedure; 8) alternative investment fund manager charges according to alternative investment funds and their Manager legal and policy; 9) payment of credit unions under the credit unions Act set about and order; 10) payments pursuant to the reinsurers, reinsurance legal about and order; 11) payment institutions under the payment and payment services, electronic money legal about and order; 12) payment of electronic money institutions under the payment service and electronic money legal about and order; 13) revenue from services provided by the Commission the statutory services. " 4. transitional provisions be supplemented by the following paragraph 16: "the amendments to this law, 16 Article 23, first paragraph 4., 5., 6., and in paragraph 9 concerning the fees of the financial and capital market participants payments enter into force simultaneously with the corresponding amendments to the relevant financial and capital market regulatory system. Up to the date of entry into force of the amendments concerned the financial and capital market regulatory laws, this law article 23, first paragraph 4., 5., 6, and 9 mentioned in paragraph financial and capital market participants payments for financing the activities of the Commission, to the extent the member set in this law article 23, first paragraph, up to the date of entry into force of the amendments (for the first part of the new version of expression). " The Parliament adopted the law in 2013 on September 5. The President of the Parliament instead of the President's Āboltiņ 2013 in Riga on September 19.