The Amendments To The "exposure Limit Enforcement Rules"

Original Language Title: Grozījumi "Riska darījumu ierobežojumu izpildes noteikumos"

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now

Read the untranslated law here:

Financial and capital market Commission Regulation No 175 in 2007. on 14 December (pr. No 51 4. p.)
The amendments to the "exposure limit" the enforcement regulations Issued under the law of credit institutions article 50.8 sixth and financial instruments market law article 123.3 sixth draw financial and capital market Commission on 2 May 2007 the provisions of no. 62 "exposure limit" the enforcement rules for the following amendments: 1. Express 6.1 as follows: "6.1. exposures, which in accordance with the requirements of the provisions of the type MKP capital reduction;".
2. Make the following paragraph 14.11: "14.11. credits secured by the land registry in fully registered real estate mortgage, if the borrower and the mortgage is one and the same individual who inhabit this real estate, occupy or rent, and they comply with the provisions of annex 2 of the MKP-1. parts requirements of paragraph 9.2., as well as financial leasing transactions, if the authority retains the property rights to real estate that the lessee will inhabit, occupy or rent until the lessee not redeemed the property, − 50 percent of the real market value of the property or the value of the property as determined by a licensed or certified real estate appraiser or valuer at least once a year. "
3. Make a point 15 as follows: "15. Authority to 14.15-point 14.17 exemptions only where the financial collateral is recognised as an appropriate credit risk mitigation in accordance with the provisions of annex 3 of the MKP requirements."
4. Replace paragraph 35 of numbers and the word "14.5.-14.15. and 14.19. "with the figures and word" 14.5. − 14.14. and 14.17. ".
Financial and capital market Commission President When the U.