On 13 July 2006 amendments to the Financial Instruments Market Law came into force. The aim of the amendments is to implement the Takeover Directive (Directive 2004/25/EC of the European Parliament and of the Council of 21 April 2004 on takeover bids). Amendments also clarify several issues that so far were not regulated or were insufficiently regulated.

On May 18, 2006 Regulations No.93 on Establishment of Inside Control System for Prevention of Money Laundering and Terrorism Financing (the "Regulations") issued by the Finance and Capital Market Commission (the "FCMC") entered into force

The adoption of the Financial Collateral Law last year has rendered the granting and enforcement of security interests over cash and financial instruments considerably easier.

In this article, we will explore the requirements for obtaining a permit to operate a crowdfunding platform in Latvia. Crowdfunding has emerged as a popular...