Amendment Of Investment Management Company Law

Original Language Title: Grozījums Ieguldījumu pārvaldes sabiedrību likumā

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Read the untranslated law here:

The Saeima has adopted and promulgated the following laws of Valstsprezident: amendment of law investment management company to make the investment management company Act (Republic of Latvia Saeima and the Cabinet of Ministers rapporteur, 1998, no. 3; 2000, no. 13; 2002, 23 no; 2004, nr. 9, 9. No; 2007; 2008, 14, 15, 23 no; Latvian journal, 2010, 51 no; 173. in 2011, no; 2013, 142, 192. No.) following amendment: Express article 63, the first paragraph by the following: "(1) a fund may deposit the credit institution which received the license of the business of credit institutions in a Member State or in the country, which is the Organization for economic cooperation and development and the Member States in accordance with Regulation (EC) no 575/2013 is recognized as a country where credit institutions apply monitoring and regulatory activities, which are equivalent to those applied in the European Union." The Parliament adopted the law of 4 February 2016. The President of the Parliament instead of the President i. Mūrniec Riga 2016 February 15.