Financial and Capital Market Commission

Latvia Open Banking Regulator

EU
🏛️
Jurisdiction
Latvia
📋
Regulations
0
Open Banking frameworks
🌍
Region
EU
🔗
Type
NCA
National Competent Authority

About Financial and Capital Market Commission

The Financial and Capital Market Commission is the primary financial regulatory authority in Latvia responsible for overseeing open banking and financial services. As a National Competent Authority (NCA), they ensure that banks and third-party providers comply with open banking regulations, protecting consumers while fostering innovation in financial services.

Jurisdiction

Latvia
View Open Banking providers, banks, and TPPs in Latvia

Key Responsibilities

Licensing and authorizing Third-Party Providers (TPPs) including AISPs and PISPs
Ensuring banks provide secure API access to authorized third parties
Monitoring compliance with Strong Customer Authentication (SCA) requirements
Investigating complaints and enforcing consumer protection standards
Publishing guidance and technical standards for open banking implementation
Coordinating with other regulators on cross-border open banking matters

Official Resources

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