Regulatory Alerts2023-01-01 | FIN-FSA Regulations and guidelines 1/2023Reporting of Real Estate Ownership by Credit Institutions and Their Consolidation Groups
The Finnish Financial Supervisory Authority (FIN-FSA) issued Regulations and Guidelines 1/2023, effective January 20, 2023, to establish reporting requirements for real estate ownership held by credit institutions and their consolidation groups. The document mandates the use of a specific notification form and provides detailed instructions for compliance with these prudential reporting obligations. This regulatory update ensures transparency regarding the real estate assets held by supervised financial entities within the Finnish jurisdiction.
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