On 10 May Redgate Capital AS signed an agreement with the Latvian financial regulator (FCMC) to further promote capital markets among private and state companies. This is a colloboration project between various market participants such as potential issuers, financial advisors like Redgate Capital, law offices, asset managers, the stock exchange and the regulator. Various regulatory sandbox initiatives are a common trend around the world. The securities sandbox in Latvia will allow potential debt and equity issuers to test their idea with a number of professionals before fully committing to proceed with implementation.
More information about the initiative can be found here – https://www.fktk.lv/en/licensing/support-mechanism-for-potential-issuers/ .