The Amendment "license Payment Institutions And Electronic Money Institutions For The Operation Of The Service, Payment Institutions And Electronic Money Institutions Registration, Submit Documents And Information Within The Normative Provisions"

Original Language Title: Grozījumi "Licenču maksājumu iestādes un elektroniskās naudas iestādes darbībai izsniegšanas, maksājumu iestādes un elektroniskās naudas iestādes reģistrācijas, iesniedzamo dokumentu un informācijas sniegšanas normatīvajos noteikumos"

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Financial and capital market Commission, the provisions of regulations No 143 in Riga on July 2, 2012 (financial and capital market Commission Council meeting Protocol No 26. p.)
The amendment "license payment institutions and electronic money institutions for the operation of the service, payment institutions and electronic money institutions registration, submit documents and information laws, regulations Issued under the" payment services and electronic cash law article 11 of the fourth, 20, 32 and 33. Article 1. make financial and capital market Commission 15.04.2011. provisions in laws No. 64 "license payment institutions and electronic money institutions for the operation of the service , payment institutions and electronic money institutions registration, submit documents and information regulations regulations "(hereinafter-the rules) the following amendments: 1. Express 2.2. and 2.3. paragraph by the following:" 2. The Commission shall record in the authority whose start-up do not need a license, and take the cancellation of register entry; 2.3. the Commission authorities re-registered at the license or make changes to the entries in the register of registered institutions; ". 1.2. Make point 7 by the following: "7. If a licensed authority wants to start another or significantly change the existing payment services provision, the authority shall submit to the Commission an application specifying the type of the payment service, you want to give, by adding the following application documents: 7.1 operating structure, the administrative services necessary to create estimates of expenditure and information about sources of funds to cover these expenses; 7.2. new types of payment services for the implementation of the necessary expenditure and information about sources of funds to cover it; 7.3. the updated business plan. " 1.3. To make the title of title III, the following: "(iii). the institutions of registration and cancellation of the registry entry order. 1.4. To make paragraph 8 by the following: ' 8. A payment institution which under the start-up payment services and electronic cash law article 5 does not require a license, submit to: 8.1. notification addressed to the Commission (annex 3); 8.2. the business plan, which include: 8.2.1. detailed procedures for the provision of payment services to payment service description for each type of communication addressed to the Commission, the payment authority indicated it planned payment services; 8.2.2. payment institutions or its representatives, for which the payment institution assumes responsibility, during the previous 12 months, payments mean value calculation or for further 12 month payment mean value calculation; 8.2.3. information about whether a payment institution intends to provide payment services through representatives and affiliates. Where a payment institution intends to use representatives and affiliates, business plan includes a list of agents and affiliates; 8.2.4. payment services and electronic cash law. the first paragraph of article 38 of the ensuring compliance procedure; 8.3. the compliance with the internal control system of the Criminal money-laundering and terrorist financing Prevention Act, the requirements of article 7 of the enforcement procedure; 8.4. document confirming the payment of services and electronic cash law. the first paragraph of article 38 of the requirements. " 1.5. Make paragraph 9 by the following: "9. The electronic money institution, the start-up according to payment services and electronic cash law 5.1 article does not require a license, submit to: 9.1. The Commission addressed a statement (annex 4); 9.2. the business plan, which include: 9.2.1. detailed procedures for the emission of electronic money, as well as a description of payment procedure to provide services for each type of payment services, where the electronic money institution addressed the Commission communication indicated in the planned payment service; 9.2.2. the planned or existing electronic money in circulation on average in the calculation made according to the payment service and electronic money rule 5.1 of the first paragraph of article 1 and paragraph 1 of article 2.3 points; 9.2.3. electronic money institutions or its representatives, for which the operation of the electronic money institution's responsibility, during the previous 12 months, payments mean value calculation or for further 12 month payment mean value calculation, if the electronic money institution intends to provide payment services; 9.2.4. information on whether the electronic money institution plans to distribute electronic money or to provide payment services through representatives and affiliates. If the electronic money institution intends to use representatives and affiliates, business plan includes a list of agents and affiliates; 9.2.5. payment services and electronic cash law article 38 the fifth part of the enforcement procedure for cash received in Exchange for electronic money issued by the electronic money holder from; 9.2.6. payment services and electronic cash law article 38 the first part of the enforcement procedure for money received in payment for services from the users of payment services, where the electronic money institution intends to provide payment services; 9.3. compliance with the internal control system of the Criminal money-laundering and terrorist financing Prevention Act, the requirements of article 7 of the enforcement procedure; 9.4. the document certifying the payment services and electronic cash law article 38 the fifth part relating to money received in Exchange for electronic money issued by the electronic money holder from; 9.5. the document certifying the payment services and electronic cash law. the first paragraph of article 38 of the requirements in respect of money received in payment for services from the users of payment services, where the electronic money institution intends to provide payment services. " 1.6. To supplement the rules 10, 11 and 12 above, the following changes in the numbering of subsequent paragraphs: "10. the Commission revoke the authority that start-up according to payment services and electronic cash law article 5 and 5.1 does not require a license, the entry in the register after the authority the Commission has submitted the application for cancellation of the entry in the register, adding: 10.1 authority decision to stop payment or the emission of electronic money services; 10.2. the institutions balance and off-balance sheet at the date to which the Authority suspended the provision of payment services or the issuance of electronic money, including position transcript; 10.3. a statement that the authority does not exist against the clients-users of payment services or electronic money holders; 10.4. a credit institution where the institution account or users of payment services, electronic money holder for keeping separate money from property under the authority of payment services and electronic cash law article 38 and the fifth part, issued a statement indicating that the institution's account does not balance. 11. If the authority established under the payment services and electronic cash law article 5 and 5.1, want to provide other types of payment services or significantly change if the registered types of payment services, it shall submit to the Commission an application for the modification of the register of registered establishments, which specifies the payment for the services you want to provide, or to inform you about critical changes to existing services, the application of these provisions by adding 8 or 9 documents referred to in paragraph that made the necessary changes. 12. If the Commission finds that the authority does not meet the payment services and electronic cash law article 5 and 5.1, the Commission may withdraw the authority record. " 1.7. To replace the provision in paragraph 11 "10.1." with the number "11.1.". 1.8. paragraph 15 of the rules to replace the number "14." with the number "15". 1.9. To replace paragraph 16 rule: 1.9.1. "14." with the number "15". 1.9.2. the number "15" with the number "16". 1.10. the express provisions of point 7 of annex 1:1.10.1. the first sentence by the following: "7. Authority email address list with the electronic of the financial and capital market Commission, as well as phone number:"; 1.10.2. the second sentence as follows: "information about the person who signed the application:". 1.11. To express rules 3 and 4 of the new annex (annex). 2. Amendments shall enter into force on the day following their publication in the newspaper "journal". Financial and capital market Commission President k. Zakuli by Annex 3 financial and capital market Commission 15.04.2011. regulatory arrangements no 64

Financial and capital market Commission, Kungu 1, Riga, LV-1050 notice of payment institutions activities with this stated that the person referred to in paragraph 1 shall comply with the payment service and electronic money-article 5 of the law on the conditions referred to in the first subparagraph in order to initiate the provision of payment services, without receiving a license for payment institutions activities. 1. information about the person who wants to start a payment services (business) Name/name _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ registration number/social security number/identification number ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ___ declared registered office/home address ___ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ 2. information on the types of payment services, which planned to give (mark with an "x" mark necessary) service as a result of which it is possible to deposit cash on a payment account as well as all the operations required by the payment service provider to ensure that the payment service user the ability to use a payment account service as a result of which it is possible to withdraw cash from a payment account as well as all the operations required by the payment service provider to ensure that the payment service user the ability to use a payment account for payments, including direct debit payments, lump sum payment, direct debit, payment is made with a payment card or a similar device, the kredītpārvedum, as well as the regular payment. At this point the payment service is also a money order to the payment account opened by the payment service user by the payment service provider or by another payment service provider payments, including direct debit payments, lump sum payment, direct debit, payment is made with a payment card or a similar device, the kredītpārvedum, as well as the regular payment. In this paragraph, the term "service" refers to the payment service user to the payment service for the money available for credit limit shall apply to the payment and receipt of the instrument of release Bezkont money order payments, if the taxable person to make the payment of the consent given, using the means of distance communication, digital or it device and the payment is made if the telecommunications, information technology, system or network operator, which is only a payment service user and the seller of the goods or service provider broker 3. information about the payment institution's Board and Council members , persons who, by adopting relevant decisions in the name of the payment institution, the payment institution creates civil liability, or about the people who are directly responsible for payment institutions, payment service operations management (Note: If the payment institution has several Board and Council members or persons who make important decisions or are directly responsible for the management of payment services, in paragraph 3 of the section should be copied and completed information on all persons) the name ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ___ ____ ID number/identification number _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ the declared home address _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ the post or other legal representative of the Foundation on which the payment authority ___ ____ ____ ____ ____ ____ ____ ____ I certify that I do not apply for payment services and electronic cash law limits laid down in article 21. The signature and printed name (personal name) __ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____/_____ _____ _____ _____ _____/4. payment authority email address list with the electronic of the financial and capital market Commission, as well as contact phone: ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ supplement is attached to this document (with the "x" mark to note attached document): payment institutions business plan or equivalent document according to the payment services and electronic cash law article 5, paragraph 3 of the second paragraph, the requirements for compliance with the internal control system of the Criminal money-laundering and terrorist financing Prevention Act article 7 requirements assurance procedure document confirming payment services and electronic cash law article 38 the fifth part relating to money received in Exchange for electronic money issued by the electronic money holder of the document confirming the payment of services and electronic cash law. the first paragraph of article 38 of the requirements in respect of money received in payment for services from payment service users the power of attorney or a certified copy of the If the authorisation to sign the notice of the payment institutions activities payment authority stems from a mandate contract details of the person who signed the application: signature and printed name (personal name) __ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____/_____ _____ _____ _____ _____/code/Personal identification number ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ _____ address _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ __ title or other legal basis on which the representative authority of payment _____ _____ _____ _____ _____ _____ (date) Annex 4 financial and capital market Commission 15.04.2011. regulatory arrangements no 64 financial and capital market Commission, Kungu 1 Riga, LV-1050, communication on electronic money institutions start with this stated that the person referred to in paragraph 1 corresponds to the payment services and electronic cash law article 5.1 of the conditions referred to in the first subparagraph in order to initiate the issuance of electronic money does not receive a license to electronic money institutions. 1. information about the person who wants to initiate the issuance of electronic money (business) Name _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ ___ number ___ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ___ _____ address _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ 2. Information whether the electronic money institution in addition to the issuance of electronic money intends to provide payment services (with the "x" mark to note required): electronic money institution intends to provide payment services (Note: when a check is made that the electronic money institution intends to provide payment services, mandatory 3 and 4 of this application) an electronic money institution intends to provide payment services based on their 3. that the person referred to in paragraph 1 in addition to the issuance of electronic money intends to provide payment services: I certify that the person referred to in paragraph 1 corresponds to the payment services and electronic cash law article 5 requirements (Note: submissions contained in paragraph 3 of the Declaration with an "x" mark is mandatory if completed planned to provide payment services) 4. information on the types of payment services, which planned to give (mark with an "x" mark necessary)

(Note: If the person referred to in paragraph 1 does not intend to provide payment services, the application of paragraph 4 is not necessary to fill in) Service as a result of which it is possible to deposit cash on a payment account as well as all the operations required by the payment service provider to ensure that the payment service user the ability to use the service is a payment account as a result of which it is possible to withdraw cash from a payment account as well as all the operations required by the payment service provider to ensure that the payment service user the ability to use a payment account to make payments including direct debits, also a one-time direct debit payment, payment is made with a payment card or a similar device, the kredītpārvedum, as well as the regular payment. At this point the payment service is also a money order to the payment account opened by the payment service user by the payment service provider or by another payment service provider payments, including direct debit payments, lump sum payment, direct debit, payment is made with a payment card or a similar device, the kredītpārvedum, as well as the regular payment. In this paragraph, the term "service" refers to the payment service user to the payment service for the money available for credit limit shall apply to the payment and receipt of the instrument of release Bezkont money order payments, if the taxable person to make the payment of the consent given, using the means of distance communication, digital or it device and the payment is made if the telecommunications, information technology, system or network operator, which is only a payment service user and the seller of the goods or service provider broker 5. information on the electronic money institution's Board and Council members , persons who, by adopting relevant decisions, electronic money institutions, creates electronic money institution of civil obligations, or about the people who are directly responsible for the issuance of electronic money (Note: If the electronic money institution has several Board and Council members or persons who make important decisions or who are directly responsible for the issuance of electronic money, paragraph 5 of the section in the appropriate copy and fill in the information on all persons) the name ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ___ ____ ID number/identification number _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ the declared home address _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ the post or other legal representative of the Foundation on which the electronic money institution ____ ____ ____ ____ ____ ____ I certify that I do not apply for payment services and electronic cash law limits laid down in article 21. The signature and printed name (personal name) __ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____/_____ _____ _____ _____ _____/6. Electronic money institutions e-mail address electronic correspondence with the financial and capital market Commission, as well as contact phone: ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ supplement is attached to this document (with the "x" mark to note attached document): electronic money institutions business plan or equivalent document according to the payment services and electronic cash law 5.1, second paragraph of article 3 requirements for the compliance with the internal control system of the Criminal money-laundering and terrorist financing Prevention Act article 7 requirements assurance procedure document confirming payment services and electronic cash law. the first paragraph of article 38 compliance Mandate or its certified copy, if the mandate to sign the notice of the payment institutions activities payment authority stems from a mandate contract details of the person who signed the application: signature and printed name (personal name) __ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____/_____ _____ _____ _____ _____/code/Personal identification number ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ _____ address _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ __ title or other legal representative of the Foundation on which the electronic money institution ____ ____ ____ ____ ____ ___ (date)  



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