FIN-FSA Regulations and Guidelines: Commencement of Activities and Governance of Life and Non-Life Insurance Companies

These regulations and guidelines are unfortunately available only in Finnish and Swedish. Please find a link to the Swedish version here.

Regulations and Guidelines 6/2015 (pdf)

Commencement of Activities and Governance System of Life and Non-Life Insurance Companies

Effective from 1.1.2016

Amended on 1.2.2026

Incident Report

Damage Report

Integrity and Suitability Assessment of the Management of Insurance Companies/Insurance Mutuals

Guidelines on Outsourcing to Cloud Service Providers

EIOPA Guidelines on Information and Communication Technology Security and Governance

Regulations and Guidelines 6/2015
Commencement of Activities and Governance System of Life and Non-Life Insurance Companies (version 5) (pdf)

More information

Request for Comments 27.5.2019
Amendment to Regulations and Guidelines: Commencement of Activities and Governance System of Life and Non-Life Insurance Companies

Request for Comments 5/2015
Regulations and Guidelines on the Commencement of Activities and Governance System of Life and Non-Life Insurance Companies

Comments Received on the Draft Regulation and Guideline

Comments Received with Request for Comments 27.5.2019 (ref. no. FIVA 6/01.00/2019)

Feedback on Received Comments

Comments Received with Request for Comments 5/2015, 28.9.2015 (ref. no. FIVA 6/01.00/2015)

Confederation of Finnish Industries

Finnish Financial Services Federation

Ministry of Social Affairs and Health

Feedback on Received Comments

Request for Comments
Amendments to the Regulations and Guidelines of the Financial Supervisory Authority 8/2014, 1/2012, 6/2015, 8/2016 and 1/2019 Feedback on Received Comments

FIN-FSA regulations and guidelines

Commencement of activities

Payment institutions and persons providing payment services without a license

Consumer credit grantors and peer-to-peer lending intermediaries

Organisation of supervised entities’ operations

Organisation of alternative investment fund management and procedures

Outsourcing in supervised entities belonging to the financial sector

Reporting of mortgage bank operations

Alternative investment fund managers

Organisation of investment services activities and procedures

Preventing Money Laundering and Terrorist Financing

Customer due diligence related to compliance with sanctions regulation and national freezing orders

Risk management

Risk reporting by credit institutions

Reporting of funding plans

Management of operational risk in supervised entities of the financial sector

Management of credit risk and assessment of creditworthiness by supervised entities in the financial sector

Risk management concerning mortgage bank operations

Accounting, financial statements and management report

Regulations and guidelines on accounting, financial statements and management report: Insurance companies, occupational pension insurance companies, insurance associations, insurance mutuals, branches of third-country insurance companies and pension institutions established by law

Regulations and guidelines on accounting, financial statements and management report: Pension funds and pension foundations

Regulations on accounting, financial statements and management report: Sickness funds and funeral and separation allowance funds

Financial sector regulations and guidelines on reporting of financial information (FINREP)

Accounting, financial statements and management report of the financial sector

Capital adequacy

Common European Reporting (COREP)

Regulations and Guidelines related to the Capital Requirements Regulation

Prudential reporting for investment firms (IF)

Conduct of Business

Methods used to calculate the maximum compensation charged for early repayment of housing loans

Disclosure of expenses and returns of long-term savings agreements and insurance policies

Calculation of maximum loan-to-value ratio

Procedures to be followed in banking services

Management of default risks in consumer lending

Operations of securities markets

Takeover bid and the obligation to launch a bid

Public insider register of market participants, occupational pension insurance companies and fund management companies

Trading parties from third countries

Regulations and guidelines on disclosure obligation

Insurance operations