One of the tasks of unemployment funds is to organise statutory income security for their members. The objective of supervision of unemployment funds is to ensure that unemployment funds comply with the law in their codes of conduct and application of legal provisions, and that unemployment funds pay the required benefits to their members.
The Financial Supervisory Authority supervises unemployment funds’ processes for handling applications for benefits, and unemployment funds’ administration and financial condition. We confirm the membership fees and handle e.g. merger applications and amendments to fund rules. We also supervise the codes of conduct of the Unemployment Insurance Fund and the Education Fund.