Financial and capital market Commission, the provisions of regulations No 120 in Riga on 6 July 2016 (financial and capital market Commission Council meeting Protocol No 23 16. p.)
The amendments to the "closed the alternative investment fund annual report and the consolidated annual report of the normative provisions" Issued under the alternative investment fund managers and law 56. the second paragraph of article and article 57 of the second to make financial and capital market Commission 2014 11 December legislative provisions no 286 "closed the alternative investment fund annual report and the consolidated annual report of the legislative provisions", the following amendments : 1. Express 1.2. point as follows: "1.2. or registered in another Member State for aifm managing SMEs in Latvia closed the alternative investment fund." 2. Replace paragraph 2 in the number, and the words "paragraph 1" with numbers and the words "or in paragraph 5 4.". 3. Express 5.1.1 point as follows: "5.1.1 balance sheet (consolidated balance sheet) and off-balance-sheet items". 4. To make the first sentence of paragraph 6, the following: "6. The sample statement of assets and liabilities, the income and expenditure account and the cash flow statement item layout provided in these rules, III, IX and XI part VI, but the balance sheet and off-balance-sheet items and income statement items of the layout model and those provisions in part VII, IV." 5. Add to paragraph 7, after the word "balance" with the words "and" off-balance-sheet items. 6. Make paragraph 8 by the following: ' 8. Each report of assets and liabilities, income and expenditure, cash flow statement, balance sheet and off-balance sheet item and income statement item presented in the current year and the previous year's scores. The first accounting year reflects only the scores for the year. Statement of assets and liabilities, income and expenditure, cash flow statement, the balance sheet and off-balance-sheet items and income statement items that do not have the pointer displays only if the previous annual report has been presented the item. " 7. Make the following paragraph 11.3: "11.3. Description of the investment policy, changes in the reference year and the situation in the different markets in which investment fund carried out the assessment;". 8. Supplement with 11.1 points as follows: "extra paragraph 11 11.1 the AIFM report on the Fund, set up as a commercial company: 11.11. provide clear information on the development of the Fund, the financial position and financial performance, as well as information about relevant risks and uncertain conditions, under which the Fund will face. This information is based on a balanced and comprehensive development of the Fund, financial position and performance of the analysis according to the Fund's size and complexity of the activities; 11.12. as necessary to understand the development of the Fund, financial position or financial performance, 11.11. the analysis referred to in paragraph 1 shall include the following: 11.12.1. financial indicators, the key relevant Fund 11.12.2. and closed the alternative investment fund transaction raksturojošo in the non-financial indicators, as well as information on the environment and the impact on the employees or other information if it is relevant, as needed – 11.12.3. references made to the financial statements the value and additional explanations for them. " 9. the title of part IV be expressed by the following: "(IV). The balance sheet and off-balance-sheet items layout sample". 10. Express 24 as follows: "24. Off-balance sheet items 24.1. Contingent assets 24.2. Contingent liabilities 15.1. Off-balance sheet liabilities to customers". 11. the title of part V, be expressed as follows: "(V). Explanation of the statement of assets and liabilities and the balance sheet and off-balance-sheet items". 12. Supplement 41. point after the words, "not paid by" with the words and abbreviations "at the request" of the AIFM. 13. Add to paragraph 44 of the sentence by the following: "this item as contingent assets produce the contingent assets resulting from past events and whose existence will be confirmed only by the occurrence of the occurrence of one or more uncertain future events, which are not wholly within the control of the Fund, for example, the Fund's founding documents signed by the extent of this obligation, which is not recognised in the balance sheet under" signed "the capital". 14. To supplement 49. point after the words "dividends receivable" with a comma and the words "relating to the financial year". 15. To make 90. point as follows: "90. by way of derogation from these provisions the valuation rules laid down by the financial instruments (including derivative financial instruments) and investment property may be evaluated at fair value in accordance with the annual accounts and consolidated annual accounts Act 35, 36, 37, 38, 39 and 40. the conditions laid down in article on evaluation and disclosure of information." 16. Express and 92.2 of 57.2. following: 57.2. "criteria and assumptions applied in the reporting of assets and liabilities or the balance sheet and off-balance sheet items for accounting recognition on or off; 92.2. statement of assets and liabilities or off-balance sheet items of the balance sheet and valuation principles; ". 17. Make a point following 92.4: "92.4. major methods and assumptions used in the financial instruments and fair value of investment property, as well as their fair value and changes in fair value in the reference year, by category of financial instruments and investment properties, if the Fund uses 90. above choice;". 18. Make point the following 92.7 "92.7. items expressed in foreign currency, the conversion of the currency of the Republic of Latvia in the applied course." 19. Supplement with 60.3 points as follows: "97.1 contingent assets and contingent liabilities provides a brief description of every possible asset and possible relationship types and, where possible, also indicate the possible financial impact on the operations of the Fund estimate." 20. Put 108. paragraph by the following: "108. aifm which established the Foundation as a company and in accordance with the annual accounts and consolidated accounts in chapter XIII of the Act (except for the exemption of article 64) these conditions, consolidated financial statements prepared for the application of the annual accounts and the consolidated accounts referred to in chapter XIV of the Act consolidation procedures and requirements for the consolidated annual accounts information. Consolidated financial statement items layout complies with the requirements of this regulation and if necessary supplemented. " 21. Make the informative reference to European Union directives as follows: "the provisions included in the law arising from: 1) of the Council of 8 December 1986 on the directive for banks and financial institutions the annual accounts and consolidated annual accounts, 86/635/EEC based on article 54 of the Treaty, paragraph 3" g "and refers to the banks and other financial institutions the annual and consolidated accounts; 2) of the European Parliament and of the Council of 26 June 2013 the EU Directive 2013/34/on certain types of enterprise annual financial statements, consolidated financial statements and related reports, amending European Parliament and Council Directive 2006/43/EC and repealing Council Directive 78/660/EEC and 83/349/EEC. " Financial and capital market Commission President p. Bird