Regulatory Alerts2024-01-01 | FIN-FSA Regulations and guidelines 1/2024Reporting of intra-group transactions
The Financial Supervisory Authority of Finland mandates credit institutions and investment firms to report qualifying intra-group transactions to enable effective monitoring of capital adequacy and financial results. Transactions exceeding EUR one million or five percent of an entity’s own funds must be reported quarterly, with specific pricing and structural data requirements depending on the transaction category. This binding regulation supersedes the 2006 standard RA1.1, establishing a free-format reporting process and requiring the initial submission by 15 November 2024 for transactions occurring between July and September.
Share