The Procedure For The Granting Of The Right To Carry Out The Investment Fund's Annual Accounts And An Annual Report On The State Funded Pension Scheme Management Test

Original Language Title: Kārtība, kādā piešķiramas tiesības veikt ieguldījumu fondu gada pārskatu un gada pārskatu par valsts fondēto pensiju shēmas līdzekļu pārvaldīšanu pārbaudi

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Securities market Commission rules of procedure for the granting of the right to carry out the Investment Fund's annual accounts and an annual report on the State funded pension scheme management examination Approved by the securities market Commission of 25 June 2001 order No 31 Issued in accordance with the law "on investment firms ' the third subparagraph of article 74 of the State funded pension law in the first part of article 14 1 General questions 1.1. this regulation defines the procedure , a financial and capital market Commission (hereinafter the Commission) granted the right to carry out the investment fund annual report and statement of the State funded pension scheme management (hereinafter referred to as the investment plan annual report).
1.2. the Commission granted the right to carry out the investment fund annual report, a test natural person who meets the following criteria: 1.2.1. it has received the Latvian Council of sworn auditors Association of sworn auditors issued certificate;
1.2.2. has experience in finance company (institution) checks the annual report;
1.2.3. it has concluded a liability insurance contract for the policyholder an amount which shall not be less than 100 000 lats.
1.3. the Commission shall be entitled to make a contribution plan annual report examination of natural person who meets the following criteria: 1.3.1. it has received the Latvian Council of sworn auditors Association of sworn auditors issued certificate;
1.3.2. it has the experience, the financial company (institution) checks the annual report;
1.3.3. it has concluded a liability insurance contract for cover of not less than 1 000 000 lats.
1.4. the Commission granted the right to carry out the investment fund annual report checks for legal entities that meet these rules and 1.2.2 1.2.3. the criteria set out in paragraph 1.
 
2. Documents to be submitted to a sworn auditor 2.1, who want to get right to the investment fund and investment plan, the annual report of the inspection shall be submitted to the Commission the following documents: 2.1.1. The Commission addressed the application asking to grant the right to carry out the investment fund and investment plan annual report;
2.1.2. Advanced Professional biography, which contains information on the annual report of the carried out checks in the last five years;
2.1.3. sworn auditor certificate copy;
2.1.4. civil liability insurance policy copy;
2.1.5. investment company Board meeting on the sworn statement of the auditor's appointment and confirmation of a particular investment fund or investment plan, the annual report of the inspection.
2.2. Legal person wishing to obtain the right to fund annual report, submitted to the Commission for the examination of the following documents: 2.2.1. The Commission addressed the application asking to grant the right to make a contribution to the annual report of the Fund;
2.2.2. registration certificate notarized copy;
2.2.3. the civil liability insurance policy copy;
2.2.4. an investment company Board meeting statement on the appointment of the legal person and the approval of a particular investment fund annual report for inspection.
 
3. the examination of the application Documents for the granting of rights to make the investment fund and investment plan, the annual report and examine the inspection shall take a decision on granting or refusal within seven calendar days from all the necessary quality and design documents.
3.2. Two days after the decision, the Commission shall inform the applicant of the decision taken.
3.3. the persons to whom the Commission shall grant the right to fund and/or investment plan, the annual report, are included in the examination of the Commission's approved list.
 
4. other issues 4.1. Commission decisions shall enter into force on the day of adoption unless otherwise specified.
4.2. persons who have been granted the right to carry out the investment fund and/or investment plan, the annual report of the inspection, within five calendar days inform the Commission of any amendments and additions to the documents submitted to the Commission and information.
4.3. the Commission has the right to withdraw the rights granted to carry out the investment fund and/or investment plan, the annual report of the examination if the person no longer meets this provision 1.2. and 1.3. criteria referred to in paragraph 1.
 
5. the transitional provisions 5.1. sworn auditors, so that the entry into force of the moment have received market authorization by the Commission, to make a contribution to the annual report of the Foundation examination are eligible to make a contribution plan annual report of inspection to 1 January 2003.
5.2. This provision, paragraph 1.3.3 shall enter into force on 1 January 2003. Until 1 January 2003 the natural person investment plan annual report of inspection rights concluded a civil liability insurance contract of the insurance amount that is not less than 100 000 lats.
5.3. With the entry into force of these regulations shall lapse with the securities market Commission on 16 June 1998 order No. 133 approved regulations "regulations on investment funds of Auditors".
5.4. These regulations shall enter into force by 1 July 2001.

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