Important changes on Debitum!

As the New Year is coming, Debitum also has something new. We already informed our investors and partners before that Debitum has applied for the investment firm license in Latvia. For the reason of licensing a new legal entity, SIA DN Operator was created in 2019 and the required documents were submitted to the Latvian financial market regulator, Financial and Capital Market Commission (FCMC). You can read more details in the blog post we published earlier.

We want to take the next step and switch a legal operator of the Debitum platform from the current platform operator, SIA Prosperitu, to the new legal entity, SIA DN Operator. It will give us time before getting the license to perform the necessary steps with the existing investors – the most important of which is to implement certain requirements for the protection of retail investors as specified by the European Union Markets in Financial Instruments Directive (MiFID II).

All documents previously accepted by a platform investor or our partner from SIA Prosperitu (including Terms & Conditions, Privacy Policy, Assignment Agreements, and Partnership agreements) remain binding. In time the documents might be updated or a new version of agreements and terms might be released to better conform with the regulatory framework for the investment firm.

All active investments, interests, and penalties accrued, the available balance of investors’ accounts, as well as all historic information about investors’ accounts, will be transferred to SIA DN Operator on December 31, 2020. Starting from January 1, 2021, DN Operator will manage all repayments, investments, deposits, and withdrawals. To make the transfer a smooth process the platform will not be accessible on December 31, 2020.

Please be aware that bank account details for deposits will be changed from January 1, 2021, to reflect that the Debitum platform is operated by SIA DN Operator. Please visit the deposit screen to find out new deposit details before making a transfer. Transfers made to the previous account of SIA Prosperitu will be bounced back to your bank account.

If you have any questions, do not hesitate to contact our support team via [email protected]

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