What the phrase means: We are supervised by the Bank of Lithuania

WE ARE SUPERVISED BY THE BANK OF LITHUANIA

What does it mean:

NORDSTREET's activities are supervised and regulated by the Bank of Lithuania in accordance with the Crowdfunding Law.

The Crowdfunding Law regulates crowdfunding – financial technology (FinTech) tools that mediate between companies seeking investors. The law sets conditions for the operations of crowdfunding platform operators (CPO) or crowdfunding service providers (CSP), as well as the process for registering with the regulatory authority's list, information disclosure requirements, and other obligations.

According to these requirements, operating platforms must:

• Act honestly, diligently, fairly, and professionally, ensuring the best possible conditions for investors and project owners, and protecting their interests.

• Transparently present information related to the funded projects.

• Avoid conflicts of interest that could negatively affect the interests of the investor or the project owner.

• Properly assess the reputation and creditworthiness of project owners, collect information about the financial condition of project owners, evaluate their ability to meet financial obligations, check for any bankruptcy filings, and verify the submitted information in available databases.

• Ensure the continuity of platform operations in case of emergency situations.

The Bank of Lithuania performs several important functions in supervising crowdfunding platform operators (CPO):

1. Licensing: The Bank of Lithuania issues licenses to CPOs that can offer crowdfunding services.

2. Regulation: The Bank ensures that all platforms comply with legal and regulatory requirements.

3. Supervision: The Bank monitors CPO activities to ensure compliance with the established requirements.

4. Information Disclosure: The Bank provides recommendations and guidelines on crowdfunding to ensure investor protection.

5. Public Traffic Administration: The Bank manages the public information flow regarding CPOs and their activities.

These functions help ensure that crowdfunding platforms operate transparently, responsibly, and reliably for investors.

To learn more, please visit the following:

www.LietuvosBankas.lt

https://www.lb.lt/en/news/for-the-attention-of-providers-of-crowdfunding-services-major-changes-taking-place-in-regulation-please-contact-the-bank-of-lithuania

We invite you to register and invest in projects selected by specialists!