Resolutions of the Board of the Bank of Lithuania
Litas coins to feature Lithuanian resorts
Eight 2 litas denomination coins of different design dedicated to Lithuanian resorts and resort sites will be issued this year and next year. By a resolution of the Bank of Lithuania, a series of coins of this denomination is to be launched for the first time with these coins appearing in circulation every several months.
It is planned to issue 100,000 pieces of each standard 2 litas coin to be traded at their face value. 2,500 pieces of each 2 litas coin of the proof category are to be minted at the same time. These are to be traded at a price fixed for the coins of this category.
The Board of the Bank of Lithuania also decided today to change the time of issue of the coins dedicated to the 200th anniversary of the establishment of the Museum of Hollowed Trunks of Dionizas Poška. These are to appear in circulation in the second quarter this year.
Public lists of consumer credit lenders and borrowers amended
Since the beginning of this year, the Bank of Lithuania has been performing the supervisory functions for the activity of consumer credit lenders and consumer credit intermediaries, including the administration of the public list of consumer credit lenders and consumer credit intermediaries.
The Board of the Bank of Lithuania decided today to include SIA “UniCredit Leasing” branch in Lithuania (Vilnius) in the public list of consumer credit lenders and the intermediaries of the consumer credit lenders BIGBANK AS branch (Vilnius) and UAB “General Financing” (Vilnius) in the public list of consumer credit intermediaries. It was also decided to remove UAB “Fiji Travel”, the intermediary of consumer credit lender UAB “General Financing”, from the public list of consumer credit intermediaries.
UAB FMĮ “DV INVEST” subordinated loan allowed to be included in Tier III capital
The Board of the Bank of Lithuania allowed UAB FMĮ “DV INVEST” (Vilnius) to include the two-year subordinated loan of EUR 83,000 (equivalent to LTL 286,582) received from Vadim Abramov in its Tier III capital.
Amendments to the regulations of investment funds managed by UAB “Danske Capital investicijų valdymas” approved
The Board of the Bank of Lithuania approved amendments to the regulations of three pension funds accumulating part of the state social insurance contributions managed by UAB “Danske Capital investicijų valdymas”. The regulations of the following funds were amended: the pension fund accumulating part of the state social insurance contributions “Konservatyvaus valdymo Danske pensija”, the pension fund accumulating part of the state social insurance contributions “Danske pensija 50”, the pension fund accumulating part of the state insurance contributions ‘Danske pensija 100”.
The regulations of the pension funds were amended only due to the change of the depository. The depository of all the three pension funds mentioned above is Swedbank, AB. On 14 July 2011, the management company obtained permission from the Securities Commission to change the depository of the pension funds and, upon termination of the contract with Swedbank, AB, to enter into a contract on depository services with the Danske Bank A/S branch in Lithuania.
This year’s fees for supervision established
After the reform of the country’s financial market supervision system from the beginning of this year, the market participants themselves are required to contribute to its maintenance. This year, their fees will be 50% of the maximum amounts of the fees stipulated in the Law on the Bank of Lithuania. Such a resolution was adopted by the Board of the Bank of Lithuania today, which also approved the Description of the Calculation Methodology and Payment Procedure of the Fees of the Supervised Financial Market Participants.
For more detailed information see a separate press release.