2012-03-06
The Board of the Bank of Lithuania amended the Rules for the Implementation of the Right to Provide Financial Services in the Republic of Lithuania and Other European Union Member States by establishing that the information from the supervisory institution of the EU Member State about the plans of a bank licensed to operate in that Member State to provide financial services in Lithuania without establishing or upon establishing a branch there. Until now such information was provided by the Bank of Lithuania for being published also in the Annex “Informaciniai pranešimai” of the official gazette “Valstybės Žinios”.
The decision was made taking into account the fact that the former Securities Commission and Insurance Supervisory Commission before their functions were taken over by the Bank of Lithuania had not provided such information for publishing in the above said annex.