Regulatory Alerts2016-01-01 | FIN-FSA Regulations and guidelines 2/2016Financial Sector Accounting, Financial Statements and Management Report
The Finnish Financial Supervisory Authority (Finanssivalvonta) issues binding regulations and guidelines governing the accounting, financial statements, and management reports of entities within the financial sector. These rules apply to a wide range of supervised entities, including credit institutions, insurance companies, investment firms, and payment service providers, ensuring compliance with national and EU standards. The document serves as the primary regulatory framework for financial reporting and prudential supervision in Finland.
These regulations and guidelines are unfortunately available only in Finnish and Swedish. Please find a link to the Swedish version here.
Regulations and Guidelines 2/2016 (pdf)
Financial Sector Accounting, Financial Statements and Management Report
Effective from 29.3.2016
Amended 2.12.2022
Regulations and Guidelines 2/2016 Financial Sector Accounting, Financial Statements and Management Report (version 3) (pdf)
More information
Request for Comments 11/2015 Finanssivalvonnan rahoitussektorin kirjanpitoa, tilinpäätöstä ja toimintakertomusta koskevat määräykset ja ohjeet
Request for Comments 6/2017 Finanssivalvonnan rahoitussektorin kirjanpitoa, tilinpäätöstä ja toimintakertomusta koskevat määräykset ja ohjeet
Request for Comments 18.10.2018 Finanssivalvonnan rahoitussektorin kirjanpitoa, tilinpäätöstä ja toimintakertomusta koskevat määräykset ja ohjeet
Comments received on the draft regulations and guidelines
Comments received on Request for Comments 18.8.2022 (ref. no. FIVA/2022/996)
Summary of Comments
Comments received on Request for Comments 18.10.2018 (ref. no. FIVA 11/01.00/2018) Summary of Comments
Comments received on Request for Comments 11/2015, 14.12.2015, (ref. no. FIVA 11/01.00/2015)
Federation of Finnish Financial Services
OP Cooperative
Bank of Finland
Ministry of Finance
Feedback on received comments
Comments received on Request for Comments 6/2017, 2.11.2017, (ref. no. FIVA 14/01.00/2017)
Federation of Finnish Financial Services
OP Group
Bank of Finland
Ministry of Finance
Feedback on received comments
FIN-FSA regulations and guidelines
Commencement of activities
Payment institutions and persons providing payment services without a licence
Consumer credit providers and peer-to-peer loan 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 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