Q1 2009, financial institutions in brief

18/06/2009 | Market news

During Q1, 2009, most financial brokerage firms (FBFs) and management companies (MCs) continued to report negative performance results.

LTL 2,700 fine upon the former manager of the management company

18/06/2009 | LSC desicions

On 16 June 2009, the Securities Commission imposed a fine of LTL 2,700 upon Evaldas Jurevičius, former manager of the management company UAB JT investicijų valdymas.

UAB Invalda turto valdymas sanctioned LTL 50,000 for failure to take actions to avoid the conflict of interests

16/06/2009 | LSC desicions

At its closed meeting of 11 June 2009, the Securities Commission imposed a LTL 50,000 fine upon the management company UAB Invalda turto valdymas. The fine was imposed for the actions of the company where the company investing assets of pension funds into an investment fund managed by it caused a conflict of interests, did not take sufficient measures to avoid it, and failed to act with due skill, care and diligence, honestly and fairly in the best interests of pension fund participants and market integrity. By these actions the company infringed the requirements of the Law on Supplementary Voluntary Pension Accumulation.

Data on the takeover bid circular of AB Klaipėdos jūrų krovinių kompanija approved by the Securities Commission

16/06/2009 | Other market information

On 11 June 2009, the Securities Commission approved the circular of the takeover bid submitted by UAB Concern Achemos grupė with a view to buy-up the outstanding ordinary registered shares of AB Klaipėdos jūrų krovinių kompanija seeking to delist them from trading at the regulated market of AB NASDAQ OMX Vilnius. The price of the takeover bid is LTL 13.00 (thirteen litas) per share.

The LSC approves the base prospectus for non-equity securities of AB bank Snoras

16/06/2009 | Approved prospectuses

The meeting of the Securities Commission of 11 June 2009, approved the base prospectus for the issue of LTL 300,000,000 non-equity securities of AB bank SNORAS (hereinafter – the Bank).

LSC warns UAB SEB investicijų valdymas and AB SEB bank

16/06/2009 | LSC desicions

On 11 June 2009, at its closed meeting the Securities Commission decided to issue a warning to the management company UAB SEB investicijų valdymas for the company’s failure to properly carry out the internal control of pension fund and investment fund management activity thus infringing the relevant requirements of the Law on Collective Investment Undertakings and the Law on Supplementary Voluntary Pension Accumulation.

2009 3 months issuer performance

15/06/2009 | Periodic overviews

The present overview presents consolidated performance data of 31 companies whose securities are admitted to trading on a regulated market excluding commercial banks, on the basis of the interim three months‘ information published by issuers.

2008 Securities Commission Annual Report and Trends of the Market in Financial Instruments

09/06/2009 | Annual reports

2008 Securities Commission Annual Report and Trends of the Market in Financial Instruments

LSC warns AB SEB Bank for failure to properly provide investment services

04/06/2009 | LSC desicions

On 28 May 2009, the Securities Commission (LSC), having in its closed meeting examined the case on the infringement of the law, on 1 June 2009 decided to issue a warning to AB SEB bank for its failure in connection to the provision of investment services to a client to comply with the requirements set forth in the Law on Markets in Financial Instruments to act honestly, fairly and professionally and on terms that are most favourable to the client and provide to the client complete information on the basis whereof the client could pass informed investment decisions.

Prospectus of shares of AB DnB BORD bank

01/06/2009 | Approved prospectuses

In its meeting of 28 May 2009, the Securities Commission (LSC) approved the prospectus for the issue of ordinary registered shares of AB DnB NORD bank (hereinafter – the Bank) intended for public offering and the admission of the shares to the Supplementary List of AB NASDAQ OMX Vilnius.