11 March, 2019
The supervision of the financial and capital market sector is vital for the development of financial system and economics. The stability, competitiveness and development of the financial and capital market is supported by the Financial and Capital Market Commission, which regulates and supervises the activities of Latvian banks, credit unions, insurance companies and insurance intermediaries, financial instrument market participants, private pension funds, payment institutions and electronic money institutions. Considering the importance of the Financial and Capital Market Commission in promoting the stability of financial and capital market, the Supreme Court has compiled its case-law in cases regarding the Financial and Capital Market Commission.
The summary includes the most significant rulings of the Supreme Court between 2006 and September 2018.
The summary particularly focuses on issues such as liability and sanctions, cooperation between supervisory authorities and the Financial and Capital Market Commission, the Commission's competence and limitations to appeal against Commission’s decisions before an administrative court.
The summary of case law was prepared by Mag. iur. Aleksandrs Potaicuks, Legal Research Counsel to the Division of Case-law and Research.
Case-law in cases of Financial and Capital Market Commission 2006-2018 available on the website of the Supreme Court in the section Judicature/Compilations of court decisions/ Administrative law (in Latvian)
Information prepared by
Rasma Zvejniece, the Head of the Division of Communication of the Supreme Court
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