FIN-FSA decisions

On this page, FIN-FSA publishes its administrative sanctions and supervisory measures.
DateDecisionLegal validity
​17 Sep 2018​FIN-FSA issues public warning to pension fund Reka Eläkekassa for omissions concerning risk management of investment activities and organisation of corporate governance. Read more​No appeal against the decision has been lodged, therefore the decision is legally binding.​
​17 Sep 2018​The Financial Supervisory Authority (FIN-FSA) has imposed a penalty payment of EUR 50,000 on Plc Uutechnic Group Oyj, as the company violated the disclosure obligation of an issuer of shares in autumn 2015. Read more​No appeal against the decision has been lodged, therefore the decision is legally binding.​
​22 August 2018​FIN-FSA issues public warning to and imposes penalty payment on Aalto Bankers Ltd. Read more​Aalto Bankers Ltd. have lodged appeal against the decision with the Helsinki Administrative Court and the decision is therefore not yet legally binding. The Helsinki Administrative Court has not yet resolved the appeal.
​11 July 2018​FIN-FSA issues public warning to Unemployment Fund of the Construction Sector for breach of internal control and risk management requirements. Read more​No appeal against the decision has been lodged, therefore the decision is legally binding.​
​10 July 2018​On 9 July 2018 the Financial Supervisory Authority ordered Danko Koncar to pay the base amount of the conditional fine, imposed to him on 21 February 2018, of 40,000,000 euro and the supplementary amount of 10,000,000 euro accrued by that date. Read more, Q&A (updated on 12 December 2018).​According to the Helsinki Administrative Court, the decision has been appealed on 12 November 2018 and in connection therewith a prohibition of enforcement has been applied. By an interim decision rendered on 3 December 2018, the Helsinki Administrative Court prohibited the enforcement of the conditional fine so that Koncar’s assets may be seized but not sold.
​17 May 2018​FIN-FSA appoints an authorised representative to oversee the ongoing activities of Pohjantähti Mutual Insurance Company. Read more​No appeal against the decision has been lodged, therefore the decision is legally binding.
​11 April 2018​Financial Supervisory Authority imposes a penalty payment of EUR 400,000 on Nordea Bank AB (publ), Finnish Branch for omissions concerning transaction reporting. Read more​No appeal against the decision has been lodged, therefore the decision is legally binding.​
​22 February 2018​The Financial Supervisory Authority (FIN-FSA) has obliged Danko Koncar to launch a takeover bid referred to in the Securities Markets Act for Afarak Group Plc shares and imposed running conditional fines to enforce the obligations. Read more, the Q&A 21.2.2018 (updated on 7 September 2018)

According to the Helsinki Administrative Court, the decision has been appealed and is therefore not yet legally binding. The Administrative Court has not yet resolved Koncar's appeal.

When lodging appeal, Koncar has also applied for a prohibition of enforcement of the decision. The Helsinki Administrative Court has, by an interim decision rendered on 21 June 2018, rejected the appeal made against the enforcement of the decision. Subsequently, by a decision rendered on 3 September 2018, the Supreme Administrative Court rejected Koncar's application for a permission to appeal the interim decision of the Helsinki Administrative Court concerning prohibition of enforcement.

​1 November 2017​FIN-FSA issues public warning to Finnish P&C Insurance Ltd for breach of risk management requirements. Read moreNo appeal against the decision has been lodged, therefore the decision is legally binding.​
​13 July 2017​The FIN-FSA has imposed an administrative fine of EUR 5,000 on Hufvudstadsbladets Pensionsstiftelse for neglect of reporting. Read moreNo appeal against the decision has been lodged, therefore the decision is legally binding.
​15 March 2017​The FIN-FSA has imposed an administrative fine of EUR 5,000 on Bank of Åland Plc for neglect of reporting. Read moreNo appeal against the decision has been lodged, therefore the decision is legally binding.
​8 March​Financial Supervisory Authority issues public warnings to and imposes penalty payments on four companies Read more​No appeals against the decisions have been lodged, therefore the decisions are legally binding.
​28 February​ FIN-FSA imposes administrative fine on Finnish P&C Insurance Ltd for neglect of reporting Read more​No appeal against the decision has been lodged, therefore the decision is legally binding.
​12 December 2016​Financial Supervisory Authority imposes penalty payments of EUR 5,000 to Ixonos Plc and Takoma Oyj. Read more​No appeals against the decisions have been lodged, therefore the decisions are legally binding.
​25 November 2016​FIN-FSA has imposed a penalty payment of EUR 35,000 on Investors House Oyj. Read more​No appeal against the decision has been lodged, therefore the decision is legally binding.
​1 September 2016​FIN-FSA imposes administrative fine on Bothnia International Insurance Company Ltd. for delayed reporting. Read more​No appeal against the decision has been lodged, therefore the decision is legally binding.
​14 June 2016​FIN-FSA issues a public warning to Helsinki Area Cooperative Bank for misleading marketing. Read more​No appeal against the decision has been lodged, therefore the decision is legally binding.
13 June 2016​FIN-FSA issues a public warning to FIT Biotech Ltd. Read more​No appeal against the decision has been lodged, therefore the decision is legally binding.
​6 June 2016​​FIN-FSA imposes an administrative fine of EUR 20 000 on Capstone Volatility Master (Cayman) Limited. The company failed to comply with the disclosure requirement concerning short positions. Read more​No appeal against the decision has been lodged, therefore the decision is legally binding.
​19 January 2016​FIN-FSA has imposed seven administrative fines for neglect of reporting. Read more​​No appeals against the decisions have been lodged, therefore the decisions are legally binding.
​14 December 2015​FIN-FSA imposes an administrative fine on Carlson Capital UK LLP for delay in notification of short positions subject to public disclosure. Read more​No appeal against the decision has been lodged, therefore the decision is legally binding.
​9 September 2015​FIN-FSA imposes two administrative fines on companies belonging to SEB Group for delays in disclosure of major shareholdings. Read more ​No appeals against the decisions have been lodged, therefore the decisions are legally binding.
​5 June 2015​The Financial Supervisory Authority (FIN-FSA) has issued public reprimands to BlackRock, Inc. and BlackRock Investment Management (UK) Limited. Read more​No appeals against the decisions have been lodged, therefore the decisions are legally binding.
​1 June 2015​FIN-FSA imposes administrative fine on Cevian Capital II Master Fund L.P. for delay in disclosure of major shareholdings Read more​No appeal against the decision has been lodged, therefore the decision is legally binding.
​29 May 2015​FIN-FSA has imposed an administrative fine on Noster Credit Opportunities Master Fund Limited for delay in notification of short positions Read more ​The decision is legally binding. The company appealed against the decision to the Market Court, which rejected the appeal through its decision of 26 April 2016, which is legally binding.
​29 May 2015​FIN-FSA has imposed administrative fine on Finnvera plc. for delay in disclosure of major shareholdings
Read more
​No appeal against the decision has been lodged, therefore the decision is legally binding.
​13 March 2015 ​FIN-FSA has imposed three administrative fines for neglect of reporting. Read moreNo appeals against the decisions have been lodged, therefore the decisions are legally binding.
​4 March 2015​FIN-FSA imposes three administrative fines for delays in disclosure of major shareholdings. Read more​No appeals against the decisions have been lodged, therefore the decisions are legally binding.
11 November 2014FIN-FSA has imposed a penalty payment in the amount of EUR 100,000 on Navi Group Ltd. Read moreThe Market Court gave its decision on the subject on 23 September 2015, read more. The FIN-FSA appealed the decision to the Supreme Administrative Court, which, however, rejected the appeal by its decision of 14 December 2016. Consequently, the ruling of the Market Court remained in place. Read more
10 July 2014FIN-FSA has issued a public warning to Aurejärvi Wealth Management Ltd for neglecting to fulfil the provisions regarding a company’s obligations to arrange its activities in a reliable manner. Read moreNo appeal against the decision has been lodged, therefore the decision is legally binding.
13 March 2014FIN-FSA has imposed two administrative fines for neglect of declaration of insider holdings. Read moreNo appeals against the decisions have been lodged, therefore the decisions are legally binding.
7 March 2014FIN-FSA has issued a public warning to Nordea Bank Finland Plc. Read more No appeal against the decision has been lodged, therefore the decision is legally binding
22 Jan 2014FIN-FSA revokes decision to designate an authorised representative to oversee the operations of Navi Group Oy. Read moreNo appeal against the decision has been lodged, therefore the decision is legally binding.
5 Nov 2013Financial Supervisory Authority imposes an administrative fine for non-compliance with the reporting obligation. Read more.No appeal against the decision to impose an administrative fine has been lodged, therefore the decision is legally binding.
16 Sep 2013Financial Supervisory Authority imposes three administrative fines for non-compliance with the reporting obligation. Read moreNo appeal against the decision has been lodged, therefore the decision is legally binding.
31 Jul 2013Financial Supervisory Authority issues public warning to Eufex Bank Plc. Read moreNo appeal against the decision on public warnig has been lodged, therefore the decision is legally binding.
31 May 2013FIN-FSA changes the prohibition of execution issued on Navi Group Oy on 9 April 2013 and further restricts the authorised operations of Navi Group Oy. Read moreThe decision is legally binding. The company appealed against the decision to the Helsinki Administrative Court, which rejected the appeal through its decision of 11 February 2014, which is legally binding.
28 May 2013Financial Supervisory Authority imposes an administrative fine on Aval Asset Management Oy for non-compliance with the reporting obligation. Read moreNo appeal against the decision to impose an administrative fine has been lodged, therefore the decision is legally binding.
29 Apr 2013Taaleritehdas Fund Management Ltd fined for violation of Mutual Funds Act limitations on investment of assets Read more No appeal against the decisions to impose an administrative fine has been lodged, therefore the decision is legally binding.
11 Apr 2013FIN-FSA restricts Navi Group Oy’s authorised operations and designates an attorney for the company Read moreThe decisions are legally binding. The company appealed against the decisions to the Helsinki Administrative Court, which rejected the appeals through its decision of 11 February 2014, which is legally binding.
Feb 2013Financial Supervisory Authority issues public warning to Ålandsbanken Abp. Read moreNo appeal against the decision public warnig has been lodged, therefore the decision is legally binding.
20 Dec 2012By virtue of the Securities Markets Act, the Financial Supervisory Authority prohibits Vitalon Power Oy from continuing to market its share issue and orders the company to correct its marketing procedures. Read more (in Finnish)No appeal against the decision has been lodged, therefore the decision is legally binding.
1 Nov 2012Financial Supervisory Authority imposes an administrative fine on Optium Oy for non-compliance with the reporting obligation. Read more No appeal against the decisions to impose an administrative fine has been lodged, therefore the decision is legally binding.
1 Nov 2012 Financial Supervisory Authority issues public warning to L-Fashion Group Oy's pension fund. Read more No appeal against the decision public warnig has been lodged, therefore the decision is legally binding.
Sep 2012The Financial Supervisory Authority (FIN-FSA) has imposed three (3) administrative fines for failure to comply with the obligation to provide information. Read more The decisions are legally binding.
31 Aug 2012Financial Supervisory Authority issues public reprimand to savings bank Mietoisten Säästöpankki. Read moreNo appeal against the decision public reprimand has been lodged, therefore the decision is legally binding.
1 Aug 2012Financial Supervisory Authority issues public reprimand to Eufex Fund Administration Ltd. Read moreNo appeal against the decision on public reprimand has been lodged, therefore the decision is legally binding.
27 Jun 2012 The Financial Supervisory Authority has imposed seven (7) administrative fines for failure to comply with the obligation to provide information Read more No appeal against the decisions to impose an administrative fine has been lodged, therefore the decision is legally binding.
20 Jun 2012Financial Supervisory Authoirty issues public reprimand and imposes administrative fine on UB Securities Ltd. Read moreNo appeal against the decision on public reprimand or the decision to impose an administrative fine has been lodged, therefore the decision is legally binding.
10 May 2012Financial Supervisory Authority issues public warning to Tapiola Bank Ltd. Read moreNo appeal against the decision on public warnig has been lodged, therefore the decision is legally binding.
20 Apr 2012Pyhäselän Paikallisosuuspankki warned for breach of risk management requirements. Read moreNo appeal against the decision on public warnig has been lodged, therefore the decision is legally binding.
28 Feb 2012The Financial Supervisory Authority has issued FIM Asset Management Ltd an administrative fine for violation of the limitations on investment of assets laid down in the Mutual Funds Act. Read more No appeal against the decision to impose an administrative fine has been lodged, therefore the decision is legally binding.
30 Jan 2012 The Financial Supervisory Authority has issued Power-Deriva Oy an administrative fine for failing to comply with obligation related to the keeping of insider registers. FIN-FSA decision (in Finnish) No appeal against the decision to impose an administrative fine has been lodged, therefore the decision is legally binding.
12 Oct 2011The Financial Supervisory Authority has issued a private person an administrative fine for breach of the obligation to report insider holdings. No appeal against the decision 160;to impose an administrative fine has been lodged, therefore the decision is legally binding.
7 Sep 2011OP-Pohjola Group Central Cooperative reprimanded for failure to comply with the obligation to disclose major shareholdings and for the related lack of internal control. Read moreNo appeal against the decision on public reprimand has been lodged, therefore the decision is legally binding.
5 May 2011 Bank of Åland Plc reprimanded for neglect of disclosure of periodic information. Read moreNo appeal against the decision on public reprimand has been lodged, therefore the decision is legally binding.
5 May 2011Incap Corporation reprimanded for neglect of the disclosure obligation as referred to in the EU Commission's Prospectus Regulation and the Securities Markets Act. Read moreNo appeal against the decision on public reprimand has been lodged, therefore the decision is legally binding.
7 Dec 2010SEB Enskilda Corporate Finance Oy Ab reprimanded for failing to comply with obligations related to the keeping of the company-specific insider register. Read moreNo appeal against the decision on public reprimand has been lodged, therefore the decision is legally binding.
30 Sep 2010Handelsbanken Mutual Fund Company Ltd issued an administrative fine for breach of mutual fund rules. Read more No appeal against the decision on administrative fine has been lodged, therefore the decision is legally binding.
30 Sep 2010Icecapital Securities Ltd publically reprimanded for failing to comply with obligations related to the keeping of insider registers. Read moreNo appeal against the decision on public reprimand has been lodged, therefore the decision is legally binding.
2 Sep 2010 Honkarakenne Oyj publically reprimanded for failing to comply with regular disclosure requirements. Read more No appeal against the decision on public reprimand has been lodged, therefore the decision is legally binding.
29 Mar 2010Financial Supervisory authority withdraws Sofia Bank’s authorisation in order to safeguard depositor interests. Read moreNo appeal against the decision has been lodged, therefore the decision is legally binding.
26 May 2009FIN-FSA has issued a public reprimand to Danske Bank A/S Helsinki Branch for failure to disclose holdings. Read moreNo appeal against the decision on public reprimand has been lodged, therefore the decision is legally binding.
8 Apr 2009 Public reprimand to Swedish Fundior AB for failure to comply with prospectus requirements. Read more No appeal against the decision on public reprimand has been lodged, therefore the decision is legally binding.

Older administrative sanctions in the communications archives

The table Supervisory measures lists the administrative sanctions imposed on natural persons within the past three years. Press releases or news releases on earlier administrative sanctions concerning natural persons are available under Publications and press releases

 

12 December 2018

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