Financial Services and Financial Regulation

What? The Finnish Act on Virtual Currency Providers (572/2019) that entered into force on 1st of May 2019 imposes obligations on virtual currency providers, such as;   The Finnish Financial […]

The Act on Insurance Distribution (234/2018) entered into force on 1st of October 2018 brought changes to the regulation of insurance intermediaries. The new act includes changes to the registration […]

The government proposal (HE 243/2018) for the general reform of the Act on Common Funds have been given to the parliament 22.11.2018. The proposal concerns enacting the new Act on […]

Finnish national regulation regarding the prospectus published during the issuance of securities will be revised. On 14 June 2017, the European Parliament and the Council adopted Regulation (EU) 2017/1129 on […]

Shareholder Rights Directive (SHRD II) aims to strengthen the position of shareholders to have an effective say on related party transactions and directors’ renumeration as well as to encourage the […]

The European Securities and Markets Authority’s (ESMA) guidelines on the suitability assessment clarify the obligations imposed by the MiFID II Directive regarding the suitability assessment in connection with investment advice […]

The Act on Insurance Distribution takes effect on 1.10.2018. The law applies to all entities distributing insurance. In addition to insurance companies, changes are coming for insurance agents and brokers, […]