Regulatory Alerts2016-01-01 | FIN-FSA Regulations and guidelines 8/2016Regulations and Guidelines 8/2016: Payment Institutions and Persons Providing Payment Services Without a License
The Finnish Financial Supervisory Authority (FIN-FSA) issued Regulations and Guidelines 8/2016, effective from January 1, 2017, to regulate payment institutions and persons providing payment services without a license. The document establishes the operational framework and compliance requirements for these entities, with amendments applied as of February 1, 2026. It serves as the primary regulatory reference for payment service providers operating under the Finnish financial supervision regime.
These regulations and guidelines are unfortunately available only in Finnish and Swedish. Please find a link to the Swedish version here.
Regulations and Guidelines 8/2016 (pdf)
Payment Institutions and Persons Providing Payment Services Without a License
Effective from 1.1.2017
Amended 1.2.2026
The following annexes are related to these regulations and guidelines:
MA-table (excel)
ML-table (excel)
MJ-table (excel)
MU-table (excel)
MV-table (excel)
Professional Indemnity Insurance (PII)
License
Regulations and Guidelines 8/2016 Payment Institutions and Persons Providing Payment Services Without a License (version 4)
More information
Request for Comments 4/2016 FIN-FSA Regulations and Guidelines X/2016 Payment Institutions and Persons Providing Payment Services Without a License
Comments Received on the Draft Regulations and Guidelines
Comments received on Request for Comments 4/2016, 29.6.2016 (ref. no. FIVA 9/01.00/2016)
Federation of Finnish Financial Services
Competition and Consumer Authority
OP Group
Bank of Finland
Finnish Confederation of Production Employers
Ministry of Finance
Feedback on Received Comments
Request for Comments on Amendments to Regulations and Guidelines 8/2016 Payment Institutions and Persons Providing Payment Services Without a License
Feedback on Received Comments
Request for Comments Amendments to FIN-FSA Regulations and Guidelines 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 Manager Activities 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 holding companies, 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 severance allowance funds
Financial sector regulations and guidelines on reporting of financial information (FINREP)
Financial sector accounting, financial statements and management report
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
Third-country trading counterparties
Regulations and guidelines on disclosure obligation
Insurance operations