FCMC issues a licence for investment activity to SIA "Viainvest"

The authorised investment services indicated in the licence are reception and transmission of orders in relation of one or more financial instruments, execution of orders on behalf of clients, placing of financial instruments without a firm commitment basis. Whereas the authorised ancillary investment services are holding of financial instruments, provision of services related to underwriting and currency exchange services if they are related to the provision of investment services. After obtaining a licence during the transitional period, the platform managed by SIA "Viainvest" will phase out offering of investments by means of cession, for both new and existing clients, replacing them entirely by offering financial instruments. SIA "Viainvest" will notify the clients of the changes related to client status, protection mechanisms applicable to investors in relation to transactions in financial instruments in accordance with the Financial Instruments Market Law and relevant provisions of Directive (MiFID II), packaged retail and insurance-based investment products (PRIIPs) and Prospectus Regulation, as well as to inform clients regarding the functioning of investor protection system in accordance with the provisions of Investor Protection Law. SIA "Viainvest" is obliged to inform clients that the means of cession offered during the transitional period are not protected by the investor protection mechanisms mentioned above, as well as of the risks associated with investments in means of cession and financial instruments, and other relevant issues.   For further information: Airisa Ādamsone Public Relations Specialist FCMC's Communications and Financial Literacy Division Phone: +37167 774 857 E-mail: airisa.adamsone@fktk.lv