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Client identification rules changed for investment service providers in Lithuania

20.01.2009

On 26 October 2008, a new resolution took effect to extend the circle of investment service providers subjected to the client identification rules.

Besides the AB Vilnius Securities Exchange members and financial brokerage companies registered in Lithuania, the client identification rules now also extend to licensed credit institutions.

It is also noteworthy that a provision was added to the current resolution to put financial brokerage companies and credit institutions under an obligation to submit their client lists and client identification codes to the Securities Commission via an electronic database by uploading a relevant file in the server of the Securities Commission.

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