Sep 22 2011 Media true owners will be revealed in Latvia

Latvian Parliament this Thursday accepted law which prescribes that media will be obligated to reveal their actual owners.

Data about actual good’s receivers will be required

Changes in the law About press and other mass media provides mass media founders and owners which are corporations with obligation to inform Commercial institution about actual good’s receivers. This information will be demanded to submit to Business Register in the order and cases established in the Commercial law.

Law’s accepted edition also prescribes that further when register mass media, detailed information about media owners (founders) and publishers – legal entities or private persons – will be demanded to hand in. There also has new demand in the law to specify media’s duration if it is founded for a fixed period of time or to reach specific aim.

Law also has additional norm that editor (chief editor), performing his duties, is editorially independent.

„In accordance with the law corrections internet place will be possible to register as mass media too but for  internet portals, which role in public communication is considerably growing registration will be not obligatory,” said the competent Parliamentary commission head Ingrida  Circene, hoping that this area will be stipulated in next law corrections or even separated draft laws.

Law amendment was made by Latvian Journalists association suggestion.

www.tvnet.lv

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