The Development Of The Financial Sector Charter Council

Original Language Title: Finanšu sektora attīstības padomes nolikums

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Read the untranslated law here:

Cabinet of Ministers Regulations No. 233 in Riga in 2007 (April 3. 5. § 22) financial sector development Council regulation Issued pursuant to the public administration Act, article 13 of the equipment 1. Financial sector development Council (hereinafter Council) is the coordinating body whose goal is to harmonize and streamline public institutions and private sector cooperation in financial sector development, as well as the crime of money laundering and terrorist financing. 2. The Council shall have the following functions: 2.1 to promote the international competitiveness of the financial sector and financial services services exports;
2.2. promoting Latvia as an international financial center visibility abroad;
2.3. to coordinate the national institutions and the private sector cooperation in financial sector development;
2.4. to coordinate the national institutions and the private sector cooperation in criminal money laundering and terrorist financing prevention;
2.5. to promote cooperation with relevant foreign public and private institutions responsible for financial sector development and criminal money-laundering and the financing of terrorism prevention. 3. the Council shall have the following tasks: to assess financial sector 3.1 development;
3.2. to assess criminal money laundering and terrorism financing risk;
3.3. develop plans of work, setting national priorities for financial sector development and criminal money-laundering and the financing of terrorism;
3.4. at least once a year to review the work plan for the effective implementation of the national priorities;
3.5. to consider proposals on the development of laws that require Shami to promote financial sector development and reduce the chance of the Republic of Latvia to take crime money laundering and terrorist financing, as well as deciding on the future direction of these proposals. 4. in accordance with paragraph 2 of this provision the functions laid down in the rules for the implementation of this paragraph 3 these tasks, the Council has the following rights: 4.1 to request and receive from the State Council and other institutions for information, opinions and explanations;
4.2. to give proposals to financial sector development, and the effectiveness of the risk identified for possible negative consequences;
4.3. to give proposals to the criminal money-laundering and the financing of terrorism;
4.4. invite in an advisory capacity to participate in the meetings of the Council of State officials and employees of the institutions as well as representatives of interested parties;
4.5. to propose the creation of a working group of the Council to the existing issues and invite to participate in the public institution officials and employees, as well as representatives of interested parties;
4.6. to propose national institutions to develop projects of laws and financial sector development and criminal money-laundering and the financing of terrorism;
4.7. any other measures taken to fulfil the functions of the Council. 5. the Council shall consist of: 5.1. Prime Minister (Chairman of the Board);
5.2. the Interior Minister;
5.3. the Minister of finance;
5.4. the Minister of Justice;
5.5. the Attorney-General;
5.6. the President of the Bank of Latvia;
5.7. the financial and capital market Commission Chairman;
5.8. The Association of commercial banks of Latvia President;
5.9. The Latvian insurers Association President;
5.10. the professional securities market participants Association Executive Director;
5.11. The Latvian-American financial forum Chairman. 6. at the invitation of the Chairman of the Board meetings of the Council with the Council's right to participate in the national institutions of other officers and staff as well as representatives of interested parties. 7. the Council is valid if its meeting at least six members of the Council. 8. the President of the Council in the absence of his duties out of the mess President ordered to pass a member of the Council. 9. the Council decision shall be taken by the members of the Council present a simple majority. If the vote splits in the casting is the Council Chairman's voice (in his absence-the President of the Council in Council designated voice). 10. The President of the Council: 10.1. no less than twice a year, shall convene the Council meeting, the agenda and chair the Council meetings;
10.2. the signature of Council decisions, minutes of meetings and other documents of the Council;
10.3. no special authorisation by the representative Council. 11. the Council shall convene the meeting even if it proposes any of the members of the Council. 12. the minutes of the Council. The Council recorded in the agenda and decisions, as well as persons who participated in the meeting, and the people who commented on the matter and the views expressed. 13. The Council meeting agenda and materials submitted by the rolling congratulated the Council shall prepare, as well as the Permanent Council functions facilities provide financial and capital market Commission. 14. Be declared unenforceable in the Cabinet of Ministers of 25 January 2005, the provisions of no. 55 "Criminal money laundering Prevention Council Charter" (Latvian journal, 2005, no. 15). Prime Minister a. Halloween Interior Minister i. Godmanis