27/09/2024
Finantsinspektsioon issued an additional licence to operate as an investment firm to Lightyear Europe AS on 4 March. The second licence issued to the company gives it the right to provide additionally various investment services and ancillary services to investment services.
The company previously had the right under its licence to accept securities orders and to send them, and to execute securities orders in the name of clients or in its own name, but the additional licence will allow Lightyear Europe AS to provide investment advice and to trade with securities on its own account as well.
As an ancillary service to investment services, the company has had the right to hold and manage the securities of clients and to provide services relating to foreign exchange if they are linked to the provision of investment services. The additional licence also gives Lightyear Europe AS the right to extend credit or a loan to securities investors as an ancillary service provided that the creditor or lender is involved in the same transaction.
The members of the management board of Lightyear Europe AS are Martin Sokk, Heili Veskimeister and Uku Lember. The website of Finantsinspektsioon lists the authorised investment firms that are registered as supervised entities.