Financial and capital market Commission, the provisions of regulations No 312, Riga, 13 November 2010 (pr. No 44 5. p.)
The amendments to the "disclosure" provisions Issued in accordance with the law of credit institutions, the second paragraph of article 36.3 and financial instruments market law, the first paragraph of article 123.2 make financial and capital market Commission of 2 May 2007 legislative rules No 61 "disclosure rules" (hereinafter-the rules) the following amendments: 1. provisions of title be expressed as follows: "disclosure and transparency of the authority of the legislative provisions".
2. paragraph 1 shall be expressed by the following: "1. the rules provide information on credit institutions and investment firms for the inherent risks and the risk management objectives, methods, and policies, as well as the same capital requirements and the internal capital adequacy assessment and remuneration policies and practices, the publication of the agenda."
3. paragraph 2 shall be expressed as follows: "2. in the Republic of Latvia registered credit institutions and investment firms that must comply with regulatory capital adequacy requirements (hereinafter referred to as the authority) comply with the provisions of the individual or group level of consolidation on the basis of the law of credit institutions and financial instruments market law."
4. Make paragraph 6 by the following: "6. the authority shall approve the disclosure policy and procedure that determines the eligibility of the information made public the laws and requirements of the evaluation procedure, the examination of the information to be disclosed the order and frequency of URu.tml. Taking into account the institution's significant features (such as the amount and diversity of operations, activities in different countries, the different financial sectors and participation in the international financial markets, and payment, settlement and clearing systems), the authority shall evaluate whether you need to share more information than is provided in part III of the rules, and do it more frequently than once a year, especially considering the need for common rules to be made public, 13.5 13.2 and 14.2-14.5. the information specified in point. "
5. Supplement with 6.1 points by the following: "6.1 the authority approves the policies and procedures that govern the evaluation procedure on how the information made public comprehensive market players found the authorities concerned or risk profile and there is a need to share additional information to it the information referred to in part III of the rules, in view of the requirement that only essential information should be disclosed, and subject to the provisions referred to in paragraph 9."
6. Supplement with 20.4 and 20.5 points. the following wording: "20.4. information on estimated days for the highest, lowest and average value-at-risk measures during the reporting period and the value at risk at the end of the reporting period;
20.5. the values to each risk is calculated at the end of the day compared with the changes in portfolio value the next day along with an analysis of the essential value of the excess over the reference period. "
7. Make the following paragraph 24.5.2: "24.5.2. sales profit recognition".
8. Make the following paragraph 16.4: "26.4. most of the guarantor and the credit derivatives counterparties, as well as information about the guarantor and counterparty creditworthiness;".
9. Make the following paragraph 27:27. the authority, which uses operational risk capital requirements for operational risk advanced measurement approach, a public collection for insurance and other instruments that do not have insurance, the use of risk mitigation. "
10. To supplement the provisions under the new sections "Remuneration policies and practices" and 28 by the following: "the remuneration policy and practice 28. Authority the public information about the remuneration policy, developed in accordance with the Commission's 21 December 2009. the normative regulation No 171" the legislative provisions on the basic principles of the remuneration policy "requirements and implementation practices. Respecting natural person data protection principles, public: 28.1. decision, used in determining the remuneration policy, decision-making process, t.sk. information on the composition of the remuneration Committee, if established, and its powers, external experts, if their services are used in the determination of the remuneration policy and the role of relevant stakeholders in determining the remuneration policy;
28.2. the pay link to performance;
28.3. remuneration policy the main features of the t.sk. information about the performance indicators used in the evaluation and risk adjustment, the variable part of the remuneration conditions of suspension and irrevocable rights to their acquisition criteria;
28.4. performance evaluation of the financial and non-financial indicators based on which the right to shares, share options or other variable part of the remuneration elements;
28.5. key indicators and justification for the variable part of the remuneration and other benefits (non-monetary form);
28.6. collect information on wages, by type of activity;
28.7. collect information on wages by job families (groups), one of which included such posts as members of the Management Board of the authority, but the second, other authorities risk positions, influencing public: 28.7.1. the year under review the remuneration granted and the variable part of remuneration fixed parts, as well as the number of beneficiaries, 28.7.2. accounting year the variable part of remuneration granted to the extent of the breakdown of the elements of the body separately funds shares and related instruments and other variable part of the salary elements, non-salary paid 28.7.3. the variable part of the amount of the deferred part separately the variable part of remuneration in the amount of the deferred part, which is of irrevocable rights, and the variable part of remuneration in the amount of the deferred portion, to which the irrevocable right is acquired, 28.7.4. granted in respect of the financial year in the variable part of remuneration in the amount of the deferred part, the variable part of remuneration in the amount of the deferred part of the adjustment and the What is reduced in the variable part of the remuneration paid in deferred shares, in the year paid 28.7.5. compensation (gross) on labour relations (new sign-on) and employment termination and number of beneficiaries, 28.7.6. the year under review the amount of remuneration granted for labour relations, the number of beneficiaries and the amount of the greater of one person. "
11. Add to the informative reference to directives of the European Union with 3, 4 and 5 of paragraph by the following: "3) Commission directive 2009/83/EC, amending certain annexes to Directive of the European Parliament and of the Council 2006/48/EC as regards risk management technical regulations;
4) European Parliament and Council directive 2009/111/EC amending Directive 2006/48/EC, Directive 2006/49/EC and 2007/64/EC as regards banks affiliated to central institutions, certain own funds items, large exposures, supervisory arrangements, and crisis management;
5) European Parliament and Council directive amending Directive 2006/48/EC and 2006/49/EC as regards capital requirements for the trading book and for repeated vērtspapirizācij, and with regard to remuneration policy supervisory review. "
12. With the entry into force of these regulations shall terminate the Commission's 21 December 2009. the normative regulation No 171 "the legislative provisions on the basic principles of remuneration policy" paragraphs 16 and 17.
13. the regulations shall enter into force in 2010 and 31 December, the authority is applicable to the public with the information after that date.
Financial and capital market Commission of Krūman I.