Published: 18.04.2019 Updated: 20.10.2021

For informative purposes, Latvijas Banka publishes the lists of Republic of Latvia monetary financial institutions, investment funds and pension funds, as well as information relevant for the list of financial vehicle corporations. Information collected by Latvijas Banka to maintain those lists is included in the lists of financial institutions published on the website of the European Central Bank.

List of Monetary Financial Institutions

List of Monetary Financial Institutions
(As of 20/10/2021; version 6.4)

The List of Monetary Financial Institutions is updated and published on a regular basis after obtaining the relevant information  from the Financial and Capital Market Commission, open data of the Enterprise Register and the Global Legal Entity Identifier Foundation.

The obligation to maintain such list for statistical purposes is laid down by Regulation (EU) No 1071/2013 of the European Central Bank of 24 September 2013 concerning the balance sheet of the monetary financial institutions sector (recast) (ECB/2013/33), Guideline (EU) 2018/876 of the European Central Bank of 1 June 2018 on the Register of Institutions and Affiliates Data (ECB/2018/16), and Latvijas Banka's Regulation for Compiling the Monthly Financial Position Report of Monetary Financial Institutions.

The List is comprised of entities that belong to the central bank and other monetary financial institutions subsectors (S.121, S.122 and S.123) of the European System of Accounts (ESA 2010). Latvijas Banka, credit institutions, credit unions, electronic money institutions and money market funds are included in these subsectors in Latvia.

List of Investment Funds

List of Investment Funds
(30/09/2021)

The List of Investment Funds is updated on a regular basis as a quarter-end snapshot and is published by the close of business on the seventh working day of the month that follows the end of the relevant quarter.

The obligation to maintain such list for statistical purposes is laid down by Regulation (EU) No 1073/2013 of the European Central Bank of 18 October 2013 concerning statistics on the assets and liabilities of investment funds (recast) (ECB/2013/38) and Guideline (EU) 2018/876 of the European Central Bank of 1 June 2018 on the Register of Institutions and Affiliates Data (ECB/2018/16).

The List is comprised of entities that belong to the non-MMF investment funds subsector (S.124) of the European System of Accounts (ESA 2010). In Latvia, investment funds and alternative investment funds, and their subfunds are included in this subsector.

List of Pension Funds

List of Pension Funds
(30/09/2021)

The List of Pension Funds is updated on a regular basis as a month-end snapshot and is published by the close of business on the third working day of the month that follows the relevant month.

The obligation to maintain such list for statistical purposes is laid down by Regulation (EU) 2018/231 of the European Central Bank of 26 January 2018 on statistical reporting requirements for pension funds (ECB/2018/2) and Guideline (EU) 2018/876 of the European Central Bank of 1 June 2018 on the Register of Institutions and Affiliates Data (ECB/2018/16).

The List is comprised of entities that belong to the pension funds subsector (S.129) of the  European System of Accounts (ESA 2010). In Latvia, private pension plans managed by private pension funds and investment plans of state funded pension scheme managed by investment management companies are included in this subsector.

List of Financial Vehicle Corporations

Article 3(1) of Regulation (EU) No 1075/2013 of the ECB of 18 October 2013 concerning statistics on the assets and liabilities of financial vehicle corporations engaged in securitisation transactions (recast) (ECB/2013/40) requires that a list of financial vehicle corporations be established and maintained for statistical purposes. Whereas Article 3(2) of the Regulation envisages that an FVC shall inform the relevant national central bank of its existence within one week from the date on which the FVC has taken up business. The definitions of a 'financial vehicle corporation' and 'securitisation' are also contained in the Regulation.

Hence every company which is resident in Latvia and whose activities are those of a financial vehicle corporation as defined by the above ECB Regulation has an obligation to notify the Data Management Division of the Statistics Department of Latvijas Banka (e-mail: stp.info@bank.lv) of its existence.

At present, the Bank of Latvia has not identified any financial vehicle corporations.