Business Regulatory Provisions

Original Language Title: Darījumu regulatīvie noteikumi

Read the untranslated law here: https://www.vestnesis.lv/ta/id/154706

The Bank of Latvia Regulation No 2 Riga, March 15, 2007. transaction regulatory rules Issued in accordance with the law "on banking" article 26, first paragraph 1. determine the transaction rate, price and quantity and time limits.
2. Main refinancing operations minimum bidding the loan interest rate is equal to the refinancing rate of the Bank of Latvia.
3. Longer-term refinancing operations the auction minimum loan interest rate is equal to the refinancing rate of the Bank of Latvia.
4. Currency swap by selling late banks repurchase auctions minimum interest rate of lats is equal to the refinancing rate of the Bank of Latvia.
5. Currency swaps, buying lats from the banks, the reverse repurchase auction maximum lat rate is equal to the refinancing rate of the Bank of Latvia.
6. Term deposit auctions the maximum deposit interest rate is equal to the refinancing rate of the Bank of Latvia.
7. the direct purchase of securities auctions, the maximum purchase price and direct sales auctions minimum selling price is determined according to the market price of the relevant securities.
8. the Management Board of the Bank of Latvia determines the main refinancing operations of the auction, the longer-term refinancing operations in the auction, the currency swap auction, auction term deposits and securities of direct buying and selling auction sales.
9. the Management Board of the Bank of Latvia determines the term deposit and currency swap.
Closing questions 10. Be declared unenforceable by the Bank of Latvia Council of 16 November 2006 decision No 131/4 "for monetary operations interest rates" (Latvian journal, 2006, no. 191).
11. provisions shall enter into force on 24 March 2007.
The President of the Bank of Latvia is Rimšēvič.