Financial and capital market Commission, the provisions of regulations No 245 Riga 2014 October 29 (financial and capital market Commission Council meeting Protocol No 2 p 39.)
Amendments to the investment management company "internal control system" regulations Regulations Issued in accordance with the investment management company of article 13 of the law of the 15th to make financial and capital market Commission 11.11.2011. normative regulations no 246 "investment management company internal control system regulations" (hereinafter-the rules) the following amendments: 1. provisions of paragraph 1 shall be supplemented with the third sentence by the following: "The Republic of Latvia registered investment management company that are subject to the investment management community law article 8 the eighth part, the financial and capital market Commission Regulation No 233 01.11.2012 "internal control system" of the legislative provisions in paragraphs 8 and 9 and the requirements set out in section V. " 2. To delete the provision in paragraph 2.8 words and numbers: 02.05.2007. regulatory provisions "No 60" minimum capital requirements rules "and the Commission". 3. Supplement with 26.3 points as follows: "ensure that public 26.3., deciding on active deployment, purchase, sale and possession, assess credit risk inherent assets, valuation of power without relying on external credit assessment institutions (rating agency) credit ratings supplied by the European Parliament and of the Council of 9 September 2009. Regulation (EC) No 1060/2009 on credit rating agencies, as well as use them as the only credit assessment criteria." 4. the section entitled "transitional provision" be replaced by "closing", continuing the numbering of the rules. 5. Add to the section "final questions" with 56 points by the following: "56. This rule 26.3. the requirements of paragraphs enter into force in 2014 21 December." 6. Add to the informative reference to European Union directives and other international documents with paragraph 4 by the following: "4) of the European Parliament and of the Council of 21 may 2013-2013/14/EU directive, amending Directive 2003/41/EC on the activities and supervision of institutions for occupational retirement provision, directive 2009/65/EC on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) directive and 2011/61/EU on alternative investment fund managers in relation to the excessive reliance on credit ratings." Financial and capital market Commission Vice Chairman p. Bird