LTH PRL National Security Entities


On Jul. 24, LTH PRL published law on national security entities.


  • LTH PRL published law XIV-2906 of Jul. 11, 2024 amending articles 1, 2, 13 and 18 of the Law IX-1132 of Oct. 10, 2002 on entities important to ensure national security.
  • Main Points
  • The law determines entities and assets that are important for ensuring national security, including companies, facilities, assets, economic sectors (protection zones).
  • Protection of transactions of essential cybersecurity entities from all possible threats.
  • Amendments to the definitions of the controlling person and the cybersecurity entity.
  • Changes to art 13 procedures re transaction screening for national security interests.
  • LTH GVT/an authorized body can set up the requirements for the protection of entities' physical and operational activities if this is not regulated by the Cybersecurity Law.
  • Effectiveness
  • The law enters into force on Oct. 18, 2024.
  • In Jul. 2024, LTH PRL issued resolution on bill amending law IX-1132, see #221080.
  • In Jul. 2024, LTH PRL issued national security entities' protection order, see #221083.

Regulators LTH PRL
Entity Types Corp
Reference OG 2024-13541, 7/24/2024; Law XIV-2906, 7/11/2024; Law IX-1132
Functions Compliance; Cyber; Financial; Legal; Operations; Reporting; Risk; Technology
Countries Lithuania
Category
State
Products AI; Commodities; Corporate
Regions EMEA
Rule Type Final
Rule Date 7/24/2024
Effective Date 10/18/2024
Rule Id 220716
Linked to N/A
Reg. Last Update 7/24/2024
Report Section EU

Last substantive update on 07/29/2024