Decisions of the Supervision Service of the Bank of Lithuania
Warns UADBB Draudimo Partneriai over legal violations
UADBB Draudimo Partneriai was found by the Supervision Service of the Bank of Lithuania to have violated some provisions of legal acts regulating operations of insurance intermediation, which contain requirements for insurance brokerage firms to provide to the Supervision Service quarterly financial statements and statistical information. The company fell behind the schedule with submitting to the Supervision Service its financial statements and statistical information on insurance intermediation activities for the first half of 2012.
The Supervision Service therefore decided to apply to UADBB Draudimo Partneriai an enforcement measure (a warning) provided for in Article 204 of the Labour Code.
Supplementing public lists of consumer credit lenders and intermediaries
The Supervision Service of the Bank of Lithuania has supplemented the public list of credit lenders with UAB AČIŪ kreditas.
The public list of consumer credit intermediaries has also been supplemented by adding 1 consumer credit intermediary of consumer credit lender UAB Šiaulių banko lizingas, 8 consumer credit intermediaries of consumer credit lender UAB General Financing, 15 consumer credit intermediaries of consumer credit lender UAB Ūkio banko lizingas.
By now, there were 24 consumer credit intermediaries of UAB Šiaulių banko lizingas, 1,927 intermediaries of UAB Ūkio banko lizingas, and about 400 intermediaries of UAB General Financing on the list.
The supplemented list is available on the website of the Bank of Lithuania.
Allows approval of LORDS LB PRIVATE EQUITY FUND I and LORDS LB PRIVATE EQUITY FUND II rules
The Supervision Service of the Bank of Lithuania has allowed UAB Lords LB Asset Management, a management company, to approve the rules of its two new closed type special private capital investment funds LORDS LB PRIVATE EQUITY FUND I and LORDS LB PRIVATE EQUITY FUND II. Also, permission was issued to choose AB SEB bank as a depository.
Both funds will work only with authorised investors seeking long-term capital gains from investments into growing companies with high own capital needs for investment purposes.
Presently, UAB Lords LB Asset Management controls 5 real estate funds.