The Bank of Lithuania approves new rules for CASPs

On 26 August 2025, the Bank of Lithuania adopted a series of regulatory measures affecting CASPs, asset-referenced token issuers, payment institutions (PIs), and electronic money institutions (EMIs). The new requirements address financial and operational reporting, the Verification of Payee (VoP) service in the CENTROlink system, and enhanced reporting frameworks for e-money and payment institutions.

CASPs and Asset-Reference Token Issuers

By Resolution No. 03-121 the Bank of Lithuania approved templates and rules for reporting of financial, capital adequacy, and operational reports by CASPs, effective from1 January 2026, covering reporting periods from the first quarter of 2026 onwards.

The reporting scope encompasses the financial position, profit and loss, revenues from services and commissions, and own funds and capital requirements. It also covers operational data, client portfolios, transactions, investments, token issuance, and redemption. Reports are to be submitted on a quarterly and annuallythrough the Bank of Lithuania’s reporting system.

Recommendations:

Ensure timely, accurate reporting
Maintain complete records
Implement robust internal controls

Verification of Payee (VoP) Rules in CENTROlink

Resolution No. 03-123 regulates the CENTROlink payment system (“CENTROlink VoP Rules”), including participant admission, obligations, and operational risk safeguards, which entered into force on 28 August 2025.

These Rules establish the regulatory framework for the provision of the Verification of Payee (VoP) service within CENTROlink. They regulate the admission and removal of participants entitled to use the VoP service, set out the respective rights and obligations of the Bank of Lithuania and the participants, and determine the requirements applicable to the processing of personal data. In addition, the Rules prescribe measures aimed at managing operational risk and safeguarding business continuity.

Recommendations:

Align internal procedures with VoP rules, ensure technical and operational measures for risk management and business continuity.

New Reporting Requirements for EMIs and PIs

Updated reporting requirements cover financial, operational, and statistical data, including balance sheets, profit and loss statements, and client funds reporting.

For supervisory and operational purposes, institutions are required to use the approved reporting forms, which include the Balance Sheet (EM008_01), Off-Balance Sheet Report, Profit and Loss Statement, Statement of Changes in Equity, Report on Funds Held in Accounts, as well as other related forms. While minor discrepancies below set thresholds may not require correction, the Bank may require adjustments in the event of significant inaccuracies.

Businesses should review internal systems and processes to adapt to these requirements, prepare for January 2026 reporting deadlines, and monitor future updates from the Bank of Lithuania. Our legal experts can help you interpret these new rules, identify compliance risks, and implement internal procedures to meet regulatory obligations.