All results 195
| Relevance | Date | Question |
|---|---|---|
| 26-08-2021 | When concluding a loan agreement secured by a surety and/or a guarantee, does a financial institution have a duty to apply to the surety provider and/or guarantor the same LPMLTF provisions as those applied to a customer (borrower)? Which moment should be considered as the moment of initiation of a business relationship with the surety provider and/or guarantor in the sense of Article 9(1)(1) of the LPMLTF? | |
| 25-05-2021 | In what languages should the documents be drafted to be accepted by the Bank of Lithuania? | |
| 25-05-2021 | Do all the documents drafted and/or issued in a foreign country have to be legalised or certified with an Apostille? | |
| 25-05-2021 | What information is required to justify the origin of funds? | |
| 20-05-2021 | Are data provision/receipt contracts (for example, with State Enterprise Centre of Registers, credit bureau Creditinfo Lietuva, UAB) attributed to outsourcing contracts? | |
| 19-03-2021 | Can the functions for the performance of which an authorisation is needed be outsourced to a service provider established in a non-EEA state? | |
| 19-03-2021 | Is the business model of an electronic money institution or a payment institution, whereby intermediaries act on behalf of FMPs in other EU states, considered as the outsourcing of operational functions under Resolution No 03-166 of the Board of the Bank of Lithuania of 10 November 2020 on the Approval of the Rules on the Outsourcing of Operational Functions of Financial Market Participants (hereinafter – the Resolution)? | |
| 19-03-2021 | Is the participation of the FMP in the CENTROlink payment system via the Bank of Lithuania considered as the outsourcing of operational functions under Resolution No 03-166 of the Board of the Bank of Lithuania of 10 November 2020 on the Approval of the Rules on the Outsourcing of Operational Functions of Financial Market Participants (hereinafter – the Resolution)? | |
| 19-03-2021 | Is the opening of a payment account in a credit institution, where an electronic money institution or a payment institution holds customer funds separately from the FMP or makes customer payments, considered as the outsourcing of operational functions under Resolution No 03-166 of the Board of the Bank of Lithuania of 10 November 2020 on the Approval of the Rules on the Outsourcing of Operational Functions of Financial Market Participants (hereinafter – the Resolution)? | |
| 19-03-2021 | Is the outsourcing of the accounting function considered the outsourcing of an important function? | |
| 19-03-2021 | Is it possible to delegate the control functions to other parties? | |
| 19-03-2021 | Is the outsourcing of the compliance function considered as outsourcing of operational functions under Resolution No 03-166 of the Board of the Bank of Lithuania of 10 November 2020 on the Approval of the Rules on the Outsourcing of Operational Functions of Financial Market Participants (hereinafter – the Resolution) and, if yes, is it considered an important function? | |
| 19-03-2021 | Does the Bank of Lithuania need to be informed in advance of the outsourcing of the internal audit functions of electronic money institutions and payment institutions? | |
| 19-03-2021 | In case the contract for the outsourcing of operational functions had already been assessed by the Bank of Lithuania (i.e. prior to December 2020), does the FMP have to present the updated contracts for the outsourcing of important operational functions to the Bank of Lithuania once again in accordance with the requirements set in Resolution No 03-166 of the Board of the Bank of Lithuania of 10 November 2020 on the Approval of the Rules on the Outsourcing of Operational Functions of Financial Market Participants? | |
| 19-03-2021 | The Bank of Lithuania needs to be informed in advance about the outsourcing of important operational functions. What functions are attributable to important operational functions? | |
| 24-02-2021 | A Company provides only payment initiation services (hereinafter – PIS). When does it have the obligation to identify the customer (PIS user) and the beneficiary, and when can the exemption provided for by the AML/CFT law on simplified customer identification be applied? | |
| 17-02-2021 | How should financial institutions verify a customer’s citizenship when using their driving licence for identification purposes? Is a driving licence issued in the United Kingdom, which is no longer part of the European Economic Area (EEA), a valid document for a customer’s identification? | |
| 18-01-2021 | Equivalence regime. What is the equivalence regime in financial services and is it applicable to the United Kingdom (UK)? | |
| 12-01-2021 | What are the main requirements on the implementation of the internal audit function in electronic money and payment institutions? | |
| 22-12-2020 | Licensing of companies. What will change for the institutions that operate or intend to operate through an agent established in the United Kingdom (UK) after the end of the UK’s transition period for leaving the European Union (EU)? | |
| 21-12-2020 | Securities prospectuses. How would the requirements to issuers that have the United Kingdom (UK) as their home Member State in accordance with the provisions of the Transparency Directive (2004/109/EC) change after the end of the Brexit transition period? | |
| 09-12-2020 | Consumer Protection. Will deposit insurance be applied to the funds of the European Union (EU) consumers held in bank accounts opened in the United Kingdom (UK) after the end of the transition period of the UK’s exit from the EU? | |
| 15-11-2020 | Who should be considered the beneficial owner of various legal persons (e.g. in cases of unions or associations of multi-family apartment house owners or in case of a legal person undergoing bankruptcy procedures)? | |
| 11-11-2020 | Payment services. Will it be possible to open an account for executing customer payments, i.e. not a safeguarding account, in the UK after Brexit? | |
| 11-11-2020 | Payment services. Will intermediaries of electronic money or payment institutions be allowed to hold customer funds with a UK credit institution after Brexit (as of 1 January 2021)? If not, when would you recommend transferring customer funds to a safeguarding account opened on behalf of an electronic money or payment institution with an EU-based credit institution? |