The Bank of Lithuania has prepared a draft of the Regulations on Assessment Visits. The draft proposes to introduce a new form of cooperation of the Bank of Lithuania with market participants supervised by it – the assessment visits (the “Visits”).
The purpose of the visits would be collection, analysis and systematization of information about activities of an entity, familiarization with processes performed by it, assessment of information about the entity presented by the entity itself or any other information, giving recommendations, consultations and methodological assistance to the entity.