Crowdfunding service provider authorization (Latvia)
The Crowdfunding service provider authorization is issued by Latvijas Banka (LB) under Regulation (EU) 2020/1503 on European crowdfunding service providers (ECSPR). It can be passported to the other EU/EEA states by notification. The official register lists 8 current holders. Ownership changes need the regulator's approval before completion.
At a glance
| Official name | Crowdfunding service provider authorization1 |
|---|---|
| Issued by | Latvijas Banka |
| Jurisdiction | Latvia |
| Licence family | Lending / consumer credit |
| Legal basis | Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business2 |
| Passporting | EU/EEA passport available |
| Public register | official register1 |
| Current holders | 81 |
What it lets you do
- Crowdfunding services. Matching business funding interests of investors and project owners through a platform, by facilitating loans or placing securities.
Where it is valid
Buying a company that already holds it
Prior approval required. Acquiring or increasing a qualifying holding reaching or crossing 10%, 20%, 33%, or 50% of capital or voting rights, or causing the entity to become a subsidiary, requires prior notification and approval from Latvijas Banka. Under Latvijas Banka Regulation No. 241 and the Credit Institution Law, the assessment period is 60 working days from receipt of a complete notification, interruptible once by up to 20 or 30 working days to request supplementary documents; Latvijas Banka evaluates reputation, financial soundness, and AML/CFT compliance before issuing approval.3
Laws behind it
- European Crowdfunding Service Providers Regulation: Regulation (EU) 2020/1503
Sources
- bank.lv: market participants · retrieved 2026-09-24
- eur-lex.europa.eu: oj · retrieved 2026-09-24
- bank.lv: procedure for the evaluation of qualifying holding · retrieved 2026-09-24
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