Cabinet of Ministers Regulations No. 679 in Riga on august 3, 2004 (Mon. No 46 29) amendments to the Cabinet of Ministers of 27 May 2003, regulations No. 277 "rules on the functioning of the Treasury State funded pension scheme management" Issued under the State funded pension Act article 11, the first paragraph and the second paragraph of point 1 make the Cabinet in 2003, rules 27 may no. 277 "rules on the functioning of the Treasury State funded pension scheme management" (Latvian journal, 2003 81. No.) the following amendments: 1. Delete paragraph 12. 2. Make a point 13 and 14 by the following: ' 13. Treasury management scheme in the investment in a single national securities emissions must not exceed 20% of the total auction (auctions) the nominal value of the securities sold by the State. 14. Treasury management in the investment of funds of the scheme has allowed banks in term of law order have received the license of the business of credit institutions and the own capital at least three times the legislation set the minimum bank formation capital. This limitation does not apply to transactions in which the Treasury buy securities for a fixed period to expire, and selling them to the previous owner of securities at a fixed price. " 3. Delete paragraphs 15 and 16. 4. Delete paragraph 18, first sentence, the words "and timely delete parts". 5. Delete paragraph 20. 6. Delete paragraph 29, the word "brokers".
Prime Minister i. Emsis Finance Minister o. Spurdziņš Editorial Note: the entry into force of the provisions with the 7 august 2004.