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 Bank of Latvia's Statistics Department (e-mail: email@example.com) of its existence.
At present, the Bank of Latvia has not identified any financial vehicle corporations engaged in securitisation transactions in Latvia.