Financial and capital market Commission, the provisions of regulations No 18 in Riga in 2008 (January 25. 5. p. 3)
Investment management company reporting regulations Regulations Issued in accordance with the investment management company law article 8 the ninth part, article 75.1 of the fourth paragraph of article 77 and fifth part i. General questions 1. "investment management company reporting regulations regulations" (hereinafter-the rules) are designed to finance and capital market Commission (hereinafter the Commission) for information to carry out supervision, as well as the financial account of the balance of payments reporting and reporting and determine the content of the report, form preparatory arrangements and the submission deadline.
2. The rules are binding upon Latvia licensed investment management firms, as well as Member States, licensed investment management company affiliates and Member States licensed investment management companies, which are entitled to provide government services in Latvia, without opening the branch, and which have begun operations in Latvia in accordance with the investment management company, article 77 of the law.
3. the terms used in the rules the Commission's 46 24.02.2006. Regulation No "Bank, the investment brokerage firm and investment management company of the annual accounts and the consolidated annual report of the Commission of the rules", 30.11.2007. Regulation No 166 "regulations of consolidated supervision" and with the Bank of Latvia Board of 12.07.2001. decision No 88/7 approved "monetary financial institutions a monthly balance report and preparation of the terms of the annex the term" usage.
4. Investment management company is preparing the following reports: 4.1. investment management company balance sheet "(annex 1);
4.2 "individual investment management company's balance-sheet position explosion" (annex 2);
4.3. investment management company income statement (annex 3);
4.4. "report on the management of the funds" (annex 4);
4.5. "report on the investment management company, the minimum initial capital and an additional amount of own funds requirements (annex 5).
5. Investment management company that provides investment management company law article 5, second and third subparagraphs of the services, in addition to the 4.1-4.5. of the statements referred to in paragraph: 5.1 statements shall be prepared in accordance with Commission Regulation No 165 30.11.2007. "report on minimum capital requirements and the calculation of own funds for the preparation and submission to the legislative provisions";
5.2. reporting pursuant to Commission Regulation No 62 02.05.2007. "exposure limit enforcement provisions";
5.3. the report under Commission Regulation No 166 30.11.2007. "regulations of consolidated supervision" if investment management company is the consolidation of the financial holding company of the group, group or consolidation consolidation of sub-groups responsible authority.
6. Investment management company performs the calculation of own funds pursuant to Commission Regulation No 60 02.05.2007. "calculation of minimum capital requirements rules" section III requirements.
7. in paragraph 5 of the rules of that investment management firms take the capital requirements calculated in accordance with Commission Regulation No 60 02.05.2007. "calculation of minimum capital requirements rules", determine the exposure value according to Commission Regulation No 62 02.05.2007. "exposure limit" the enforcement requirements and carry out consolidated monitoring the preparation of the information required pursuant to Commission Regulation No 166 30.11.2007. "regulations of consolidated supervision".
8. the Member State of the investment management company licensed Branch prepare 4.1., 4.3 and 4.4 in these reports.
9. State licensed investment management company, which has the right to provide government services in Latvia, without opening the branch, prepare this provision 4.4 of this report.
10. the report is prepared, subject to the following requirements: 10.1. reports to be used in currency is the monetary unit of the Republic of Latvia;
10.2. the country code according to international standard ISO 3166 "countries and their territorial breakdown unit name code";
10.3. currency code according to international standard ISO 4217, "codes for currencies and resources";
10.4. international institutions, which are not registered as residents of one State (the European bank for reconstruction and development, European regional development fund, the European investment bank, the bank for international settlements, etc.), specify the conditional country code "66".
11. review and evaluation of the content of the heading corresponds to Commission Regulation No 46 24.02.2006. "banks, investment companies and investment management company of the annual accounts and the consolidated annual report".
12. State licensed investment management company branch and state licensed investment management company, which has the right to provide government services in Latvia, without opening the branch, preparing reports, followed by the Member States legislative requirements that are binding, in preparing the annual report.
II. report preparation 13. "review of investment management companies the minimum initial capital and an additional amount of own funds requirements (annex 5) the total amount of fixed costs shall be determined on the basis of the last audited annual report of the company. Investment management company that started business in the year, the total amount of fixed costs shall be determined on the basis of this year's planned budget, submitted to the Commission. If the previous year's profit and loss statement prepared for less than 12 months, the proportion is calculated on the amount of costs and expenses.
14. State licensed investment management company, which has the right to provide government services in Latvia, without opening the branch, "the report on the management of the funds" (annex 4) provides information on the management of existing investment funds registered in Latvia or outside Latvia and whose investment certificates are distributed in Latvia, as well as for individual residents of Latvia in managing financial instruments portfolio.
III. submission of Reports 15. Investment management company prepares: 15.1 4.1-4.5 in these reports on the State of the last day of each quarter and shall be submitted to the Commission and the review quarter the following month 20. date;
15.2. the reports referred to in point 5.1 of the State on the last day of each quarter and shall be submitted to the Commission and the review quarter the following month 20. date;
15.3. the reports referred to in point 5.2 of the State on the last day of each quarter and shall be submitted to the Commission and the review quarter the following month 20. date;
15.4.5.3. reports referred to in paragraph 2 and 4 of the State the last date of the quarter and shall be submitted to the Commission to review the august 1 and the reference year for the following February 1.
16. State licensed investment management company, which has the right to provide government services in Latvia, without opening the branch, reports to be submitted to the Commission, starting from the quarter when the first transaction is made by the residents of Latvia.
17. the report shall be drawn up for submission to the Commission's Regulation No. 156 16.07.2004. "electronically submit statistical reports preparation and dispatch rules".
18. If the Commission finds that the report has been prepared in error, it will be announced in the report to the applicant. If the Commission has not indicated otherwise, corrected report shall be submitted not later than on the working day following notification of the existence of the error from the Commission.
IV. final question 19. entry into force these rules shall lapse, Commission Regulation No 298 17.12.2004. "investment management company quarterly report".
Informative reference to European Union directives, the regulations include provisions resulting from: 1) European Parliament and Council Directive 2004/39/EC on markets in financial instruments;
2) European Parliament and Council Directive 2006/48/EC relating to the taking up and pursuit of the business of credit institutions;
3) European Parliament and Council Directive 2006/49/EC on the capital adequacy of investment firms and credit institutions.
Financial and capital market Commission, the President of the U.S. When the annex 1 financial and capital market Commission 25.01.2008. regulatory arrangements no 18 annex 2 financial and capital market Commission 25.01.2008. regulatory arrangements no 18 annex 3 financial and capital market Commission 25.01.2008. regulatory arrangements no 18 annex 4 financial and capital market Commission 25.01.2008. regulatory arrangements no 18 annex 5 financial and capital market Commission 25.01.2008. regulatory arrangements no 18