Regulatory Alerts2012-01-01 | FIN-FSA Regulations and guidelines 10/2012Disclosure of expenses and returns of long-term savings agreements and insurance policies
The Finnish Financial Supervisory Authority mandates supervised financial entities to transparently disclose expenses and returns for long-term savings agreements and specified insurance policies. The regulation requires providers to deliver standardized pre-contractual illustrations, summary illustrations, and key information documents alongside ongoing contractual disclosures calculated under uniform assumptions. These standardized disclosure obligations enable consumers and comparable legal persons to accurately assess costs, compare similar financial products, and make informed investment decisions.
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