Bank of Lithuania

When carrying out financial market supervision, the Bank of Lithuania may apply the sanctions laid down in the laws regulating the financial market, provided that there is at least one of the grounds for applying sanctions laid down by law. Articles 433, 434, 435 and 436 of the Republic of Lithuania Law on the Bank of Lithuania lay down the procedure for the application of sanctions and the conclusion of administrative agreements during the procedure for the application of sanctions, the procedure for informing of and appealing against decisions taken on the application of sanctions, as well as the right of the Bank of Lithuania not to apply sanctions.

When imposing financial penalties, their calculation is carried out in accordance with the Description of Fine Calculation approved by Resolution No 03-126 of the Board of the Bank of Lithuania of 10 July 2018 on the approval of the description of fine calculation.

An infringement of a legal act is considered minor in accordance with the Description of the Procedure for Declaring an Infringement of a Legal Act Minor approved by Resolution No 03-175 of the Board of the Bank of Lithuania of 26 November 2020 on the approval of the description of the procedure for declaring an infringement of a legal act minor.

Appealing against decisions of the Bank of Lithuania in the field of financial market supervision

Persons whose rights or interests protected by law have been violated have the right to appeal to the Regional Administrative Court (Žygimantų g. 2, 01102 Vilnius) within one month in accordance with the procedure laid down in the Republic of Lithuania Law on Administrative Proceedings. Appealing to court does not suspend the validity of the contested decision and the execution of the decision, except for the decision imposing penalties laid down by law, or of action.

Type
Enforcement measure
Enactment date / Date of signature of the administrative arrangement
Date of signature of the administrative arrangement
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Financial market participant or person subject to an enforcement measure sorting Type Enactment date / Date of signature of the administrative arrangement sorting Violations of legal acts Enforcement measure Complaints regarding the applied enforcement measure / Administrative arrangement signed sorting
UAB ,,INVL Asset Management", 126263073 Management company 2019-05-14 Komisijos deleguotojo reglamento (ES) 2017/565 Nr. 2017/565 44 straipsnio 4 dalies d punktas ir 60 straipsnio 2 dalies c, d, e punktai; Finansinių priemonių rinkų įstatymo (redakcija, galiojusi nuo 2007 m. vasario 8 d. iki 2018 m. birželio 14 d.) 13 straipsnio 2 dalis, 22 straipsnio 1, 2 dalys; Finansinių priemonių rinkų įstatymo (redakcija, galiojanti nuo 2018 m. birželio 15 d.) 16 straipsnio 2 dalis, 28 straipsnio 1 dalis ir 29 straipsnio 1, 4, 12 dalys, 31 straipsnio 1 ir 3 dalys; Kolektyvinio investavimo subjektų įstatymo (redakcija, galiojusi nuo 2012 m. liepos 1 d. iki 2019 m. sausio 31 d.) 11 straipsnio 1 dalies 1 ir 3 punktai*, 24 straipsnio 4 dalis, 25 straipsnio 1 dalis; Kolektyvinio investavimo subjektų prospekto ir pagrindinės informacijos investuotojams dokumento turinio ir pateikimo taisyklių, patvirtintų Lietuvos banko valdybos 2012 m. liepos 12 d. nutarimu Nr. 03-150 (redakcija, galiojusi nuo 2012 m. liepos 21 d. iki 2019 m. vasario 20 d.), 7.6 papunktis, 26 punktas; Valdymo įmonių veiklos organizavimo ir vykdymo taisyklių, patvirtintų Lietuvos banko valdybos 2012 m. liepos 12 d. nutarimu Nr. 03-144 (redakcija, galiojusi nuo 2012 m. liepos 20 d. iki 2019 m. vasario 20 d.), 82 punktas, 142 punktas, 154.2 papunktis* ir 154.9 papunkčiai. [* KISĮ 11 straipsnio 1 dalies 3 punkto (įstatymo redakcija, galiojusi nuo 2012 m. liepos 1 d. iki 2019 m. sausio 31 d.) ir Valdymo įmonių veiklos organizavimo ir vykdymo taisyklių 154.2 papunkčio (Taisyklių redakcija, galiojusi nuo 2012 m. liepos 20 d. iki 2019 m. vasario 20 d.) pažeidimai buvo panaikinti įsiteisėjus Vilniaus apygardos administracinio teismo sprendimui, kuris Lietuvos vyriausiojo administracinio teismo nutartimi buvo paliktas nepakeistas].
Warning
Fine: 100000 €
Submitted (Partly satisfied)