Financial Services and Market Supervision Department
The Financial Services and Market Supervision Department is one of two major structural units of the Supervision Service. Our department analyses financial products, their potential impact on the market, risk level and suitability. We prepare various thematic reviews of services provided by undertakings, their activities and trends in the market of financial services and products; we also analyse whether consumers are treated fairly and professionally.
We aim at ensuring transparency and fair operation in the financial market by monitoring and analysing trading in the markets in financial instruments, carrying out investigations of potential abuse, and monitoring transactions concluded in Nasdaq Vilnius. We also actively work with issuers whose shares are exchange traded, analyse prospectuses of securities issues and takeover bid circulars, assess compulsory equity purchasing prices, follow disclosure of information related to issuer activities and financial instruments, as well as compliance of financial statements with applicable accounting and financial reporting standards.
We devote substantial time to communication with supervised financial market participants and their clients, analysing complaints from consumers and disputes over the provision of financial services or financial products. We are responsible for oversight of the distribution of proper information on financial services – correct information helps people take rational decisions.
We seek to promptly react to the changing environment; hence, we devote much attention to the improvement of financial market regulation.
Director – Mindaugas Šalčius