OREANDA-NEWS. Nasdaq Riga decided on January 25, 2016 to apply observation status to AS "Trasta komercbanka" bonds (TRB065021A, ISIN code: LV0000801587).

Observation status will be applied according to Nasdaq Riga Listing and Disclosure rules Article 20.1.2, Subarticle 9, which stipulates that the Issuer shall be placed on observation status if other circumstances influencing the Issuer’s activity have occurred which may materially threaten the interests of the investors, and in cases when it is important to turn the attention of market participants to a substantial circumstance related to the relevant financial instrument or its Issuer.

On January 22, 2016 The Financial and Capital Market Commission published announcement about its decision to impose restrictions on the activities of AS “Trasta komercbanka”, forbidding it from peforming debit transactions in any currency, including through online banking, ATMs and cash, with clients in the amount that exceeds 100 000 euro per depositor.

The purpose of applying observation status is to alert the market participants.