Procedures For The Adoption Of The Euro Law

Original Language Title: Euro ieviešanas kārtības likums

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Read the untranslated law here: https://www.vestnesis.lv/op/2013/33.1


The Saeima has adopted and the President promulgated the following laws: procedures for adoption of the euro law chapter I General provisions article 1. The terms used in the law (1) of the Act is used in the following terms: 1) the exchange rate established by the Council — irrevocably fixed euro exchange rates, in accordance with the Treaty on the functioning of the European Union (hereinafter referred to as the Treaty) article 140 (3) of the Council of the European Union (hereinafter Council) determines the lats euro exchange; 2) simultaneous period — the period in which cash payments at the same time use the lats and the euro; 3) replacement period — the period in which free change the lats against the euro, the Council fixed the exchange rate and in article 6 of this law certain rounding principles; 4) parallel reflection period — the period in which the prices of goods and services both in dollars and euro; 5) payment instruments-viennolūk personalized device or procedure that the payment service user will use to payments, but proposed that the goods or services for purchase using the payment instrument only izlaidēj location (indoors) or, under contract with payment instrument izlaidēj — also in limited service provider network, or for a limited range of goods or services. (2) the term "legal instruments" and the term "denomination" is used in the change of the Council of 3 May 1998 Regulation (EC) No 974/98 on the introduction of the euro. 2. article. The purpose of the law the law aims to ensure the effective and transparent implementation of the euro in the Republic of Latvia. 3. article. The introduction of the euro (1) the date of the adoption of the euro in the Republic of Latvia is the date from which the Republic of Latvia in accordance with article 140 of the derogations. (2) starting with the date of the adoption of the euro, the euro at the same time introduce clear, scriptural money and electronic invoicing. (3) at the end of the period, the only legal tender in the Republic of Latvia is the euro. 4. article. Continuity of legal instruments (1) the introduction of the euro does not affect treaties and other legal instruments, and the continuity of the legal instrument to ensure the continuity of the Council apply 17 June 1997, Regulation (EC) No 1103/97 on certain provisions relating to the introduction of the euro. References to the late legal instruments that exist on the day before the date of introduction of the euro, starting with the day of the introduction of the euro, is to be regarded as references to the euro, the Council fixed the exchange rate and in article 6 of this law certain principles of rounding. With regard to legal instruments, the adaptation of legislation for the introduction of the euro, also comply with this law, the provisions of Chapter VIII. (2) starting with the date of the adoption of the euro, expressed in dollars, but its not finished (outstanding) legal instrument totals converted into euro, subject to exchange rate established by the Council and in article 6 of this law certain principles of rounding. Back (back) total legal instrument created from the converted components. Back (back) of the total legal instrument does not exceed the original amount in LCY of the legal instrument, which converted to the euro, the Council fixed the exchange rate and in article 6 of this law certain principles of rounding. (3) if the legal instruments that started before €-day, but until the introduction of the euro has not finished for the day (fulfilled), the relationship between the parties has been the euro, the currency of the legal instrument is not converted. 5. article. The introduction of the euro (1) The budget authority, which totally financed from the State budget, the introduction of the euro costs covered from the State budget funds for this purpose. (2) the institutions, not mentioned in the first subparagraph, costs shall be met by the introduction of the euro from its own funds. (3) individuals costs the adoption of the euro from its own funds, with the exception of State joint stock company "Latvijas Pasts". State joint stock company "Latvijas Pasts" resulting from this law, cash costs of this financial services reach for is compensated from the State budget to the Ministry of transport means provided for that purpose. 6. article. Rounding principles (1) Lat to the euro conversion uses the Council fixed exchange rate from the base currency to the euro. (2) the amount of money and the monetary value at conversion to euro dollars rounded to the nearest cent, taking the third spot behind the decimal point. If the third decimal is 0 to 4, then tried the values do not change. If the third decimal is 5 to 9, then cents per unit is rounded up. (3) converting the investment funds, the State funded pension scheme investment plan funds and private pension fund retirement plan funds, the investment fund, the State funded pension scheme and the operation of private pension funds control the statutory number of means of expressing value. In this case, to take into account the next sign after the last remaining decimal places. If the next mark is from 0 to 4, then the last remaining signs values do not change. If the next decimal is 5 to 9, the last left mark on one unit is rounded up. (4) goods and services by converting the unit price, the value of euro decimal is given as signs, as the stated unit price value in dollars. In this case, to take into account the next sign after the last remaining decimal places. If the next decimal is 0 to 4, then the last remaining signs values do not change. If the next decimal is 5 to 9, the last left mark on one unit is rounded up. (5) in relation to the rounding of numeric values in addition to the law laid down in this article shall comply with article 32 of this law. Chapter II measures relating to the cash changeover article 7. Dollar and euro at the period (1) simultaneous period is two weeks, starting with the day of the introduction of the euro. (2) at the same time, the period of receipt of payment, the balance in local currency, the euro, with the exception of the issue of this article on the third, fifth and sixth part in certain cases. (3) in vending machines (devices) which provide cash withdrawal with a coin or banknote counter revenue equipped sales and service machine (device) counter, cash payments using the euro, starting with the day of the introduction of the euro. (4) starting with the date of the adoption of the euro, issuing not from lat. (5) the circulation period at the public transport services in the transport of passengers in vehicles involved, get the payment in dollars, the remainder may be issued in dollars, but when you receive a payment in euro, issuing euro balance. (6) the concurrent period in gaming and vending machines vending machines for gambling cash payments use the lat or euro. 8. article. LVL cash changeover to euro (1) Replacement period is six months with credit institutions, starting with the day of the introduction of the euro. (2) the period of replacement of Cabinet established the national joint stock company "Latvian post postal service locations are three months beginning with the date of the adoption of the euro. After assessing the need and State budget funds available, Cabinet replacement period may be extended, but not longer than three months. (3) the Replacement of the period of credit and the Cabinet of Ministers established the national joint stock company "Latvian post postal service locations take lat Exchange against the euro not limited free of charge. (4) Replacement period in the Bank of Latvia is replaceable without a time and money limit, starting with the day of the introduction of the euro. Money Exchange is carried out free of charge. (5) if the business operators who have received the license issued by the Bank of Latvia, foreign exchange cash for purchases and sales, the change late against the euro, the free replacement period is six months, starting with the day of the introduction of the euro. (6) in the first, second and fifth paragraphs of those economic operators, starting with the day of the introduction of the euro shall not be issued late. (7) in the first and second subparagraph traders are entitled to determine the obligation of the person not later than three working days in advance to sign up for the exchange of cash, if the sum of cash in Exchange for the one more than 3000 lats. 9. article. Banknotes and coins, supply, disposal and replacement (1) up to the date of the adoption of the euro, the Bank of Latvia, subject to European Union laws, organized and implemented timely production of euro coins and euro banknotes issued by the procurement, euro coins and banknotes to credit institutions, as well as distributing kits of euro coins. (2) the Bank of Latvia provides withdrawn late in the destruction of banknotes and coins. (3) subject to the exchange rate established by the Council and in article 6 of this law certain principles of rounding, the Bank of Latvia change to euro damaged banknotes and circulation dollar coins that meet the following criteria: 1) whose size exceeds the remaining 51 percent of whole banknotes (in one piece and glued or torn) and visible security features and conditional nominal value; 2) circulation coins with denomination and is distinguishable by the Latvian National coat of arms. (4) the dollar bill or circulation coins, which do not meet the criteria referred to in the third subparagraph, the Bank of Latvia does not change and the applicant's request, be returned to the applicant. In this case, the The Bank of Latvia on the lats banknotes made mark "Exchange rejected". (5) dollar commemorative coins with production defects are identified, after the request of the person, the Bank of Latvia exchanged for the same coin without fault. If these coins Trade Bank of Latvia which is terminated, shall return to the applicant the Latvian Banking coins purchase amount in euro according to the Bank of Latvia issued formal purchase document, but, if not, the last of the Bank of Latvia established retail price fixed by the Council of the exchange rate and in article 6 of this law certain principles of rounding. In other cases, late of the commemorative coins of the Bank of Latvia accepted and exchanged for euro at the accounts at their nominal value as circulation coins, the Council fixed the exchange rate and in article 6 of this law certain principles of rounding. (6) article 8 of this law, for the first, second and fifth paragraph of proprietors, changing the damaged banknotes and circulation dollar coins for the euro, the exchange rate established by the Council and in article 6 of this law certain rounding principles and the following Exchange during the replacement shall be carried out free of charge. (7) if the Bank has suspicions that the Exchange submitted late Bill or coin is counterfeit, or if there is no detectable remaining notes or have other reason to doubt the authenticity and validity of money based on the applicant's submission, the exchange of banknotes or coins to the euro, the Council fixed the exchange rate and in article 6 of this law certain principles of rounding, Acting President of the Bank of Latvia approved the Inspection Commission. If the Bank has suspicions that the lats banknote or coin is counterfeit, the Bank of Latvia, the Republic of Latvia shall act legislation. (8) If article 8 of this law, for the first, second and fifth paragraphs of the above operators suspect that Exchange dollar to banknote or coin is counterfeit, the merchant is acting in the Republic of Latvia laws. Article 8 of this law, for the first, second and fifth paragraphs referred to the merchant and the Bank of Latvia does not pay the damages incurred by a counterfeit dollar banknotes. Chapter III measures related to non-cash, electronic money and payment tools viennolūk replacement article 10. Cashless, electronic money and payment instruments viennolūk converter (1) at the date of adoption of the euro, merchant or public entities to stored on non-cash means or electronic money or who released the payment viennolūk tools is free of charge for all konvertējuš lats-cash balances of funds of the electronic money balances and viennolūk of late payment instrument late balances pursuant to Council fixed exchange rate and in article 6 of this law certain principles of rounding Save the payment account where the funds in cash or electronic money and payment instrument viennolūk unique identifier. (2) If the person until the date of the adoption of the euro is a payment account, including electronic money account, in dollars and euros, so two months beginning with the date of the adoption of the euro, may require optional one payment account and remit the balance to the other payment account free of charge. Transfer of balances and account closing transactions a merchant or person at the public as a payment account or electronic money account is opened, take by personal request. 11. article. Non-cash and electronic cash payments and payment viennolūk instruments used in currency (1) non-cash and electronic cash payments up to the date of the adoption of the euro were carried out in dollars, starting with the day of the introduction of the euro, are carried out in euro. (2) Viennolūk payment instruments that use up to the day of the introduction of the euro in lats were used, beginning with the date of the adoption of the euro, the euro is used. (3) non-cash and electronic cash payments and payments with the payment viennolūk instruments undertaken in LCY before €-day and transactions in the €-day or later, starting with the day of the introduction of the euro, euro-bound, subject to the Council defined the exchange rate and in article 6 of this law certain principles of rounding. Chapter IV the prices of goods and services, price parallel conversion reflection and postage stamps, other mail payment and payment viennolūk instruments period article 12. The price of goods and services Exchange provisions of goods and services for the conversion of the price of the base currency to the euro using the exchange rates established by the Council and in article 6 of this law certain principles of rounding. 13. article. The price of goods and services in parallel to the reflection period (1) the price of goods and services in parallel to the reflection period begins three months before the date of the adoption of the euro, but not earlier than the date when the Council defined the exchange rate, and lasts for six months after the date of the adoption of the euro. (2) the cabinet shall determine the order in which the dual pricing of goods and services during the period of reflection to the consumer: the natural person in settlement documents issued, invoices and documents proving the transaction fee — cash received cheques and numbered and registered in the State revenue service, receipt, additional transactions in dollars and euro, subject to exchange rate established by the Council and in article 6 of this law certain principles of rounding. (3) the order in which the price of goods and services takes place in parallel with the present as well as in the parallel reflection and exchange control requirements shall be determined by the Cabinet of Ministers. (4) the maximum retail selling price of cigarettes indicated both in dollars and euros, pursuant to the law "on excise tax". 14. article. Postage stamps, other mail payment and payment instruments viennolūk period (1) postage stamps and other postal mark face value of pay, expressed both in dollars and euro are used for mail service pay also after this article 13 of the law laid down in the first subparagraph of the parallel reflection period. Postage stamps and other postal payment marks by face value, expressed in dollars, is used for the postal service to pay 12 months starting with the date of the adoption of the euro, the Council fixed the exchange rate and in article 6 of this law certain principles of rounding. These provisions also apply for postage to be nominal in the picture to the typographic printed envelopes and postcards. (2) payment of the Viennolūk tool, which depicted the face value expressed in dollars or expressed both in dollars and euros, after €-day is valid until the end of the statutory period. Chapter v accounting, payment of tax (duty), Declaration and adjust the credit register of the euro article 15. Justification documents and accounting records (1) accounting registers the date of introduction of the euro is recalculated each accounting entries and the balance of each of the accounting value of the local currency to the equivalent in euros, subject to exchange rate established by the Council and in article 6 of this law certain principles of rounding. (2) starting with the date of the adoption of the euro, the accounting records made records for the value measure of using the euro. Justification documents that the Mayor is late or other currency, related to the period after €-day and up to the date of the adoption of the euro is not yet used to record accounting records, translated into euros, the Council fixed the exchange rate and in article 6 of this law certain principles of rounding and amend the entry in the accounting records. 16. article. Annual report and financial statements (1) the annual reports and financial statements for the reporting year ending on the date of the adoption of the euro or after the amounts contained in money terms indicated in euro. (2) the first annual report, which includes the amount of money the expression indicates the euro, as the comparable figures for the previous year shall be indicators, expressed in euro, subject to exchange rate established by the Council and in article 6 of this law certain principles of rounding. Article 17. Tax Declaration and payment and informative statement on real estate tax preparation and corrections (1) the tax declarations and the amounts included in money terms indicate the currency in which the country was legal tender at the end of the tax period for which the relevant declaration. (2) the notice of payment of real estate tax for the taxation period in which the legal means of payment was late, if it is sent to the taxpayer after €-day, the amount of money contained in the expression indicates the euro, subject to exchange rate established by the Council and in article 6 of this law certain principles of rounding. (3) If the tax period ending late and simultaneous circulation of the euro in the period, the tax and the content covered by the Declaration of the amount of money the expression indicates the euro, subject to exchange rate established by the Council and in article 6 of this law certain principles of rounding. (4) fix for tax declarations and information included in the amounts in money terms indicate the currency in which the country was legal tender in the tax period for which the relevant tax declarations or information update. (5) the method of payment Specified in the notices on real estate tax included in the amounts indicated in the currency in which the the country was legal tender in the tax period for which the payment application sends notifications about property taxes. 18. article. Tax (duty) to make payments and the related payment conversion (1) starting with the date of the adoption of the euro, all tax (duty) payments are made in euro. (2) in order, starting with the day of the introduction of the euro, to ensure tax (advance payment), State and local taxes, tax law and in certain late payment fines, payments in euro, which until the introduction of the euro to date or in accordance with article 17 of this law are calculated in dollars, be converted into euro, subject to exchange rate established by the Council and in article 6 of this law certain principles of rounding: 1) converts the tax administration tax (duty) overpayment not properly secured and not properly recovered tax (duty) of repayment amount, repayment of which is carried out in accordance with the tax payer (toll). The application of the tax administration the amount repayable in the currency indicated that the country was legal tender at the end of the period for which such an application is submitted; 2) taxpayer converts the tax payments, in addition to the estimated tax payments and advance State budget the amounts payable pursuant to the laws and calculate the same taxpayer or tax administration; 3) State social insurance agency converts the State social insurance agency accounting system of the overpaid amount of social security contributions. 19. article. Overpayment of taxes (duties), the wrong and the wrong recovery tax (duty) to request payment and repayment (1) the application of the tax administration include the amounts for tax (duty) overpayment, not right the wrong and recovered tax (duty) of repayment to be the currency in which the country was legal tender at the end of the period for which such an application is submitted. (2) tax (duty) overpayment, not right the wrong and recovered tax (duty) of repayment amount, repayment of which is performed, starting with the day of the introduction of the euro, the tax administration shall be converted into euro, subject to exchange rate established by the Council and in article 6 of this law certain principles of rounding. (3) the State social insurance agency overpaid social security contributions amount, repayment of which is performed, starting with the day of the introduction of the euro, be converted into euro, subject to exchange rate established by the Council and in article 6 of this law certain principles of rounding. 20. article. (1) the Declaration in other legal or statutory declarations, except for article 16 of this law, which shall set out in the information about the sums of money and values in terms of money, these values indicate the amount and the currency in which the country was legal tender at the end of the reporting period for which the Declaration is submitted, unless other special laws and legal rules have stated that the Declaration to be made in the currency of the transaction. (2) the first paragraph of this article, submitted the declarations for the period ending late and simultaneous circulation of the euro in the period, or about the State of the day, which is within that period, the amount of money and value in money terms are expressed in euro, subject to exchange rate established by the Council and in article 6 of this law certain principles of rounding. (3) the amendments referred to in the first paragraph, in which the declarations to be information about the sums of money and values in terms of money, prepare the currency in which the country was legal tender for the period for which a declaration. 21. article. The credit register (1) the Bank of Latvia on the day of the adoption of the euro in relation to the introduction of the euro in the credit register updated general information about a client or customer's guarantor's obligations in dollars, if not ended, or if the customer agreement or the guarantor's customer contract rights and obligations or claims have not been transferred to another person. The Latvian Bank is responsible for the fact that this article is referred to in the news update is made, subject to the exchange rate established by the Council and in article 6 of this law certain principles of rounding. (2) a member of the credit register and the register of participants with limited status credit registry law retains the said statutory responsibility. Chapter VI financial market adjustment measures for the introduction of the euro article 22. The share capital of a capital company (shares) the redenomination (1) the share capital (shares) the denomination of the lats to the euro made by maintaining existing proportionality between the Corporation's members (shareholders) and minimizing changes to the share capital. (2) the limited liability Company the share capital nominal value shall be expressed in whole euro. The nominal value of the shares of the company shall be expressed in euros and cents. Through the share capital (shares) denomination, followed the exchange rate established by the Council and in respect of shares also in article 6 of this law certain principles of rounding. (3) the share capital of a capital company consists of the share capital (shares) multiplied by the share capital (shares) at face value. The value obtained by multiplying the share capital (shares) by rounding the net book value, the cost of the Corporation's members (shareholders) of the share capital in proportion to their parts of the suspension (the shares). Members (shareholders) may decide on the transfer of the value of the capital reserves. (4) the statutes of the Corporation that the share capital (shares) of nominal value expressed in dollars, 30 months from the date of the adoption of the euro in the commercial register of the authority sought amendments of the statutes which provide the share capital (shares) expressing the value of the euro, and submit it with the document containing the information on suspension parts to participants. (5) six months before the date of the adoption of the euro, but not earlier than the date when the Council defined the exchange rate, the Corporation's founders have the right documents for the formation of a capital company in the share capital and the share capital (shares) to make the euro equivalent nominal value. In such a case, the share capital (shares) the nominal value shall be expressed in whole euros and the share capital shall be not less than the minimum share capital set out in the Law, expressed in euro, subject to exchange rate established by the Council and in article 6 of this law certain principles of rounding. 23. article. The redenomination of debt securities (1) this article applies to local currency denominated debt securities, posted the Latvian central depository. (2) the nominal value of debt securities down one cent. (3) debt owned by the Investors of the number obtained by dividing each individual investor owned single emission debt securities total nominal amount, expressed in dollars, with the exchange rate established by the Council and the resulting nominal amount multiplied by 100. If the resulting amount contains cents, the rounding is done in accordance with article 6 of this law establishes the principles of rounding. Each investor-owned debt securities is tied with tried the nominal amount of debt securities. 24. article. Government borrowing, lending and guarantee a change of denomination (1) Government bonds, loans and guarantees from the base currency to the denomination of the euro take to minimize borrowing, lending and guarantee value changes. (2) the public borrowing, lending and guarantee the nominal value is expressed in euros and cents, subject to exchange rate established by the Council and in article 6 of this law certain principles of rounding. (3) If the conclusion, on behalf of the State loans, loan and guarantee contracts are completed (outstanding loans and guarantees or have received loans), include the borrowing, lending and guarantee total from components to be converted. After the conversion of the euro total may not exceed the original in dollars received government borrowing, lending and the State guarantee provided for the nominal value of the base currency, in euro, subject to exchange rate established by the Council and in article 6 of this law certain principles of rounding. 25. article. Money market index replacement (1) legal instruments with variable interest rate linked to the RIGIBOR index, is replaced by the term RIGIBOR EURIBOR index. Lats money market index can be replaced by other equivalent money market index, the parties in the agreement. (2) money market index made the next scheduled replacement of the variable interest rate revision dates, starting with the day of the introduction of the euro. (3) the parties (the lender and the borrower) may agree on other variable interest rates or money market index replacement, not later than the next scheduled variable interest rate review time, followed by the introduction of the euro to date. (4) money referred to in this article, the market index in case of replacement of the lender to the borrower may not increase the lats money market interest rate added to the index or aggravate other borrower terms of the contract. 26. article. Financial market participants in the service delivery of the documents regulating the financial market adjustment: the issuers of financial instruments, investment management companies, which make the State funded pension or investment fund management and private pension the Fund is made with currency exchange-related amendments to the emission prospectus, prospectus of the investment plan, the investment fund prospectus, regulations and administration provided basic information for investors, pension plans, or other equivalent financial market participants concerned the provision of regulatory documents concurrently with other issues relating to the first amendment, but not later than 12 months after the date of the adoption of the euro. Chapter VII enforcement control and responsibility for non-compliance with the requirement of article 27. Law enforcement (1) of this Act, chapter II, III and VI the requirements of credit institutions within the limits of its competence control financial and capital market Commission. (2) in chapter II of this law the requirements of the activity of economic operators which have been issued a license by the Bank of Latvia foreign exchange cash for purchases and sales, according to its competence control of the Bank of Latvia. (3) chapter III of this law the requirements of payment institutions and electronic money institutions within the limits of its competence control financial and capital market Commission. (4) of this Act Chapter II and III requirements of the State joint stock company "Latvian post" within the limits of its competence control of the Ministry of transport. (5) in chapter IV of this law, the requirements relating to the price of goods and services for the conversion and the parallel reflection within the limits of its competence control consumer protection Center. (6) in this law, the requirements of chapter IV relating to the consumer: the natural person account documents issued within the limits of its competence control of the State revenue service. (7) in chapter V of this law, the requirements relating to tax administration issues within the competence of the control of the tax administration. 28. article. Submissions for law violations (1) a Person has the right to apply to the application for this law, infringements referred to in article 27, the controlling bodies according to their competence. A person can be informed of violations by using eiroprojekt information phone. (2) on the price of goods and services in parallel reflection and conversion requirements of the consumer is entitled to take the application to the consumer rights protection centre. The consumer of the infringements referred to in this paragraph may inform the consumer centres by telephone. 29. article. The application of sanctions (1) if the financial and capital market Commission finds that credit institution does not comply with this law, II, III, and chapter VI, but the payment authority and the electronic money institution does not comply with Chapter III of this law requirements, financial and capital market Commission is entitled to warn the credit institution, the payment institution and of the electronic money institution, give credit institutions, payment institutions and electronic money institutions and monitoring bodies of the Executive Body as well as the leaders and members of orders justified as necessary to end the violations of this law, or impose a fine of 100 to 10 000 lats. (2) in chapter II of this law in case of infringement of the Latvian Bank merchants who received Bank license issued foreign currency cash for purchases and sales, may suspend or revoke the license issued. (3) the consumer rights protection centre, established by this law, chapter IV requirements for goods and services price converter and parallel reflection, is entitled to apply the law, the consumer rights protection Centre's mission and mandate, the sanctions provided for. (4) the State revenue service, established by chapter IV of this law in breach of consumer: the natural person account documents issued is entitled to impose administrative penalties law. (5) the tax administration, found chapter V of this law in breach of duty (duties) is entitled to impose administrative penalties law. Chapter VIII adaptation of legislation for the introduction of the euro article 30. Laws and regulations of the Cabinet of Ministers, the Cabinet, the Cabinet of Ministers order instructions, the Cabinet of Ministers recommendation, financial and capital market Commission of Latvia regulations rules and adjustment of the provisions of the Bank for the introduction of the euro (1) ministries, State Chancellery, finance and capital market Commission and the Bank shall prepare the draft amendments in the legislation that need to adapt to the introduction of the euro. (2) the Cabinet of Ministers draft laws containing amendments relate only to the introduction of the euro in the Republic of Latvia and the preparation of which do not need to know the exchange rate established by the Council, as the Bill package submitted for review in the Parliament no later than 45 days after the day on which the Council laid down the exchange rate. (3) the Cabinet of Ministers draft laws containing amendments relate only to the introduction of the euro in the Republic of Latvia and the preparation of which it is necessary to know the exchange rate established by the Council, as the Bill package submitted for review in the Parliament no later than 100 days after the day on which the Council laid down the exchange rate. (4) the Cabinet will ensure that the provisions of the Cabinet of Ministers, the Cabinet, the Cabinet of Ministers order instructions and the Cabinet of Ministers draft recommendations, which are essential to ensure legal certainty and containing amendments is related to the introduction of the euro in the Republic of Latvia, would be prepared and issued by the Cabinet of Ministers in the order and within the time limits and conditions that comply with relevant documents shall enter into force on the date of the adoption of the euro. (5) not later than three months after the date when the Council defined the exchange rate, Financial and capital market Commission issued the rules and regulations of the Commission, the Bank of Latvia approved the Bank of Latvia the provisions relating to the introduction of the euro in the Republic of Latvia. 31. article. Local adaptation of the rules binding upon the introduction of the euro (1) authorities prepare for the introduction of the euro the necessary municipal binding regulations draft amendments under the procedure laid down in this article, pursuant to these provisions shall enter into force on the date of the adoption of the euro. (2) not later than four months after the date on which the Council has determined the exchange rate, the local Government shall issue binding regulations and amendments to it, which is affiliated with the introduction of the euro and for the preparation of which do not need to know the exchange rate established by the Council. (3) not later than five months after the date on which the Council has determined the exchange rate, the local Government shall issue binding regulations and amendments to it, which is affiliated with the introduction of the euro and for the preparation of which it is necessary to know the exchange rate established by the Council. (4) applicable provisions referred to in the second and third subparagraphs, of the municipality of signing it within three working days, send to the protection of the environment and regional development Ministry for information. 32. article. Conditions for the amendment of legislation relating to the introduction of the euro (1) this law, article 30 of the second, third and fourth subparagraphs, and in relation to the provisions of the legislation of the local binding rules, article 31 of the fourth part, relating to the amendment of legislation that amends only the rules that are associated with the introduction of the euro, and to the extent that they are related to the introduction of the euro. (2) legislation included amendments to the law referred to in the first paragraph of this article (linked only with the introduction of the euro), the meaning of this law are as follows: 1) provision is made in dollars expressed in numeric values convert to the euro in accordance with article 6 of this law; 2) rules the numerical value of the local currency, which is set to round a number (rounded up to the nearest 0.1; 1; 10; 100 and the like) are replaced with the numeric value of the euro, by converting it in accordance with the rates established by the Council and to rounded up or down to an accuracy of not less than rounding precision numeric value in dollars, and has complied with both of the following conditions: (a) the rule of law) that numeric value is expressed in euro, not less favourable to the party than the original law that numeric value is expressed in local currency. This condition shall not apply to those provisions of law that determines the penalties and fines or penalties and fines, and in which the interval is amended by numerical value in LCY on the numeric value of the euro, (b) law) numeric values in dollars to the numeric value of the euro poses no appreciable negative impact on the State budget; 3) provision shall be made under the amendment to the fourth or fifth subparagraph; 4) rules out other amendments, which are not associated with numeric values in dollars to the numeric value of the euro, but which are necessary for the introduction of the euro. (3) If a Bill which prepared the second paragraph of this article, paragraph 2 amendments, set out in the Ministry of finance or the Ministry of Justice is not possible to verify the second part of this article that such conditions are met, which significantly limits the Bill package, a package that will be included in the draft bill on the Bill of the Ministry in charge of the law amendment, the numeric value of the local currency is replaced by the numeric value of the euro, in accordance with article 6, the principles set out in the rounding. (4) rules, which are set continuously the interval numbers in dollars, maintained the continuity of the interval also in relation to the euro. (5) the rules that are set in the numeric value in LCY rounding principles, store these rounding principles also for the euro. The law in the Parliament adopted 31 January 2013. The President a. Smith 2013 in Riga on February 15.