Financial Brokers Licensing
Financial Broker Licence
A person applying for a licence of a financial broker must pass an examination organised by the Bank of Lithuania.
A licence of a financial broker cannot be granted to a person without good repute.
The Bank of Lithuania publicly announces granting of a licence of a financial broker or its revocation no later than within 3 business days.
Broker licence fee
For the financial broker qualification examination (a state levy is collected before the examination and only upon receipt of confirmation of the applicant’s inclusion in the lists of examination participants) the following fee shall be paid:
- for the examination to acquire or check the qualification of a financial broker trader – EUR 28;
- for the examination to acquire or check the qualification of a financial broker consultant – EUR 57;
- for the financial broker examination to obtain a general licence – EUR 87.
For the issuance of a licence (of a trader, consultant or general), a state levy of EUR 14 shall be paid. A state levy for the issuance of a licence shall be collected after taking the financial broker examination.
* Amendments1 to the list of specific amounts of state levies, amended by Resolution No 1458 of the Government of the Republic of Lithuania of 15 December 2014 on the Approval of Specific Amounts of State Levies and of the Regulations for the Payment and Return of these Levies.
Data on payments to the State Tax Inspectorate (STI) under the Ministry of the Interior of the Republic of Lithuania:
- Codes of taxes, charges and other payments;
- Budget revenue collection accounts.
- More information is available on the STI website: https://www.vmi.lt.
1 – Available only in Lithuanian.
Laws and legal acts regulating the activities and authorisation of financial brokers
- Law on Markets in Financial Instruments of the Republic of Lithuania2;
- Resolution No 03-102 of the Board of the Bank of Lithuania of 3 May 2012 on the Approval of the Rules for the Issuance and Revocation of the Financial Broker Licences (42.6 KB );
- Resolution No 58 of the Board of the Bank of Lithuania of 6 May 2004 on the approval of the General Regulations on the Submission and Examination of the Applications for Authorisations of the Financial Market Participants Supervised by the Bank of Lithuania and on the Granting of the Authorisations (62 KB );
2 – Lithuanian consolidated version valid as of 1 January 2017. English version last amended on 4 December 2015.