Law on Digital Operational Resilience and Use of Artificial Intelligence in Financial Markets

Summary

Sectoral law applying the EU Digital Operational Resilience Act and the AI Act to Latvian financial market participants, to ensure digital operational resilience and safe AI use. Latvijas Banka supervises AI Act compliance under Article 74(6), may set further requirements where EU law does not apply directly, and informs the European Central Bank. For AI Act breaches it may warn, fine legal persons up to EUR 35 million or 7 percent, 15 million or 3 percent, or 7.5 million or 1 percent of turnover and natural persons up to EUR 35, 15 or 7.5 million, order conduct to stop, and bar responsible individuals from their duties for up to two years.

Language

English translation by Valsts valodas centrs (State Language Centre) Open it. The Latvian text is authoritative.

Safety topics

Status notes

Adopted by the Saeima on 11 September 2025, promulgated on 30 September 2025 and in force from 1 October 2025 together with nine related amending laws. The AI Act requirements apply to the financial entities listed in Sections 4 and 5, from credit institutions and insurers to crypto-asset service providers, and to credit unions (Section 7). Sanctionable AI Act breaches are those of the rules on prohibited practices, the duties of providers, authorised representatives, importers, distributors and deployers of high-risk systems, notified bodies, transparency duties and the duty to supply correct information (Section 11(2)). Fines on legal persons are the higher of the fixed amount and the turnover share, but the lower for small and medium-sized enterprises and start-ups (Section 10(6)); a ban on performing duties lasts until the breach is remedied or the decision is final, at most two years. The Ministry of Finance called the financial sector the first area in Latvia to receive rules on the use of AI; outside it, supervision rests on the authorities named in the Cabinet's 2025 report (LV-02). Sanctions are published on Latvijas Banka's website for up to five years; proceedings must start within five years of a breach; appeals go to the Administrative District Court and do not suspend decisions other than warnings and fines.

Sources

Open the official source https://likumi.lv/ta/id/363378-finansu-tirgus-digitalas-darbibas-noturibas-un-maksliga-intelekta-izmantosanas-likums

Secondary source: https://lvportals.lv/skaidrojumi/381139-stajies-speka-finansu-tirgus-digitalas-darbibas-noturibas-un-maksliga-intelekta-izmantosanas-likums-2025

Local copy

Verification

History

1. 2026-10-14english_version: – → {"kind": "government translation", "url": "https://likumi.lv/ta/en/en/id/363378- — Was not recorded: the stored likumi.lv English version is a translation by the State Language Centre (Valsts valodas centrs), a government body, so 'government translation'.2026-10-14-refresh-translation-fixes · Claude Code (claude-opus-5-5)
2. 2026-10-14notes: Adopted by the Saeima on 11 September 2025, promulgated on 30 September 2025 and → Adopted by the Saeima on 11 September 2025, promulgated on 30 September 2025 and — Adds the scope of Art. 7, the breach types of Art. 11(2) (moved from the summary), the SME and start-up rule of Art. 10(6) and the length of the duty ban; replaces 'the first Latvian law with an AI Act penalty regime' with the Ministry of Finance's own statement as reported in the stored explainer; removes 'Prepared by the Ministry of Finance with Latvijas Banka and submitted to the Cabinet in March 2025', which no file stored in this run supports (moved to verification.note). Article references now use 'Section', as the official translation does.2026-10-14-refresh-translation-fixes · Claude Code (claude-opus-5-5)
3. 2026-10-14summary: Sectoral law applying the EU Digital Operational Resilience Act and the AI Act t → Sectoral law applying the EU Digital Operational Resilience Act and the AI Act t — Fine caps separated by person as Article 10(3) sets them: the turnover percentages apply to legal persons, natural persons face fixed caps of EUR 35, 15 and 7.5 million; 'pagaidu aizliegums veikt tai noteiktos pienākumus' rendered as a bar from performing their duties (not a general ban on individuals); 'tiesības papildus noteikt citas ... prasības ... jomās, kuras netiek regulētas ar tieši piemērojamiem Eiropas Savienības tiesību aktiem' rendered as further requirements where EU law does not apply directly; adds the purpose in Article 2 ('mākslīgā intelekta izmantošanas drošību', safe AI use); the list of participants and of breach types moved out to keep within length.2026-10-14-refresh-translation-fixes · Claude Code (claude-opus-5-5)
4. 2026-10-14title: Financial Market Digital Operational Resilience and Artificial Intelligence Use → Law on Digital Operational Resilience and Use of Artificial Intelligence in Fina — Now the official English title of the State Language Centre's translation on likumi.lv ('Law on Digital Operational Resilience and Use of Artificial Intelligence in Financial Markets') instead of the register's literal rendering.2026-10-14-refresh-translation-fixes · Claude Code (claude-opus-5-5)

Related records

EU AI Act European Union · Partially in force

Latvia AI Act implementation report (2025) Latvia · Published (non-binding, current)

Citation

Saeima of the Republic of Latvia. Law on Digital Operational Resilience and Use of Artificial Intelligence in Financial Markets [Latvijas Vēstnesis 2025/188.1 (30.09.2025)]. 2025-09-11. https://likumi.lv/ta/id/363378-finansu-tirgus-digitalas-darbibas-noturibas-un-maksliga-intelekta-izmantosanas-likums. Status: In force; verified 2026-10-14 (level A). Local copy archive/LV-03/2026-10-12/official.html retrieved 2026-10-12 04:38:26 UTC, SHA-256 6f44228848b8bc6a8a8c519a1b03e7752e0c6f2909dfc7aeefdde56b191025e6. Every AI Policy Ever, version 1.18 (snapshot 2026-10-18), record LV-03.

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