Financial Institutions and Fintech Licensing in the EU
Comprehensive advisory on financial institution licensing, passporting and regulatory compliance across the European Union and beyond.
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Changes regarding safeguarding of clients’ funds
Legal act: Resolution of the Board of the Bank of Lithuania No. 03-106 of 23...
Changes in legislation regarding management system, internal control and risk management system
Legal act: Resolution of the Board of the Bank of Lithuania No. 03-106 of 23...
Changes in reporting forms to the Bank of Lithuania
Legal act: Resolution of the Board of the Bank of Lithuania No. 03-105 of 23...
Last call for UK based Finance Institutions and FinTech’s losing their EU license passports after the BREXIT
As from the 1 February 2020 The United Kingdom (UK) is no longer a member...
Regarding the format of documents to be provided during the process of PI and EMI licensing
The Bank of Lithuania submitted a project which shall amend the Resolution of the Bank...
Changes in regulation regarding safeguarding of clients’ funds
The Bank of Lithuania, as supervisory authority of the financial market participants, has been recently...
Planned changes by the Bank of Lithuania regarding outsourcing
The Bank of Lithuania prepared and submitted for alignment the draft rules for the outsourcing...
The world’s first blockchain-based digital regulatory sandbox has reached the finish line
The Bank of Lithuania has completed the research phase of its LBChain project, during which...
The Bank of Lithuania has prepared the guidelines on opening bank accounts for electronic money and payment institutions
Since electronic money and payment institutions (hereinafter – Institutions) are facing problems on opening bank...
COVID-19. Recommendations for FinTech market participants
31/02/2020 The coronavirus pandemic poses real threats to the Lithuanian and global economies. The European...
CASE STUDY: Swedbank fined for failing to combat money laundering
31/03/2020 Swedish and Estonian financial supervision authorities hit Swedbank with a record fine of 4...
ECOVIS ProventusLaw training for Fintech companies
13/03/2020 ECOVIS ProventusLaw training “International Economic and Financial Sanctions and their Risk Management in Fintech...
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