Latvijas Banka is issuing an investment firm licence to pinyya invest

On 28 April, the Supervision Committee of Latvijas Banka decided to issue a licence to pinyya invest for the provision of investment services and ancillary investment services.

The company has obtained a licence to provide the following investment services:

- the execution of orders on behalf of customers,

- the placing of financial instruments without a firm commitment basis.

In addition, the licence authorises pinyya invest to provide the following ancillary investment services:

- the holding of financial instruments,

- the provision of services related to the initial allocation of financial instruments.

The company is part of the pinyya GmbH (Austria) group, which has developed the Aligned Ownership model to support apartment purchases for individuals in major European cities, while giving investors exposure to underlying residential properties through regulated securities.

Currently, an operating licence has been granted to 11 investment firms.

Businesses interested in obtaining an investment firm licence are encouraged to follow the licensing guide prepared by Latvijas Banka. This guide provides detailed information on the licensing process and requirements, including the documents to be submitted to Latvijas Banka, the application review deadlines, among other details.

To ensure a smooth licensing process, Latvijas Banka encourages companies to take advantage of pre-licensing consultations. During these consultations, Latvijas Banka's experts offer guidance on the applicable legal framework and conduct an initial assessment of the company's compliance with regulatory requirements. Collaboration during the pre-licensing stage helps companies prepare high-quality licence applications. Consultation requests can be submitted via Latvijas Banka's website.