Regulatory Alerts2015-01-01 | FIN-FSA Regulations and guidelines 7/2015Regulations and Guidelines 7/2015: Calculation and Reporting of Capital Adequacy for Financial and Insurance Conglomerates
The Finnish Financial Supervisory Authority (FIN-FSA) issued Regulations and Guidelines 7/2015 to establish the rules for calculating and reporting capital adequacy for financial and insurance conglomerates, effective from January 1, 2016. The document mandates compliance with specific reporting frameworks, including the RVA1 data collection table, and was amended on April 29, 2024. Although the official text is available only in Finnish and Swedish, the regulations align with broader prudential reporting standards such as COREP and FINREP.
These regulations and guidelines are unfortunately available only in Finnish and Swedish. Please find a link to the Swedish version here.
Regulations and Guidelines 7/2015 (pdf)
Calculation and Reporting of Capital Adequacy for Financial and Insurance Conglomerates
Effective from 1.1.2016
Amended 29.4.2024
Data Collection Table RVA1
Regulations and Guidelines 7/2015 Calculation and Reporting of Capital Adequacy for Financial and Insurance Conglomerates (Version 1)
More information
Request for Comments 4/2015 FIN-FSA's regulations and guidelines on the calculation and reporting of capital adequacy for financial and insurance conglomerates
Comments received on the draft regulations and guidelines
Comments received on Request for Comments 4/2015, 17.9.2015 (ref. no. FIVA 5/01.00/2015)
Federation of Finnish Financial Services
Bank of Finland
Ministry of Finance
Feedback on received comments
FIN-FSA regulations and guidelines
Commencement of activities
Payment institutions and persons offering payment services without a license
Consumer credit providers and peer-to-peer loan intermediaries
Organisation of supervised entities’ operations
Organisation and procedures for alternative investment fund management
Outsourcing in supervised entities belonging to the financial sector
Reporting of mortgage bank operations
Alternative investment fund managers
Organisation and procedures for investment services activities
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 assistance funds
Financial sector regulations and guidelines on reporting of financial information (FINREP)
Accounting, financial statements and management report of the financial sector
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
Trading counterparties from third countries
Regulations and guidelines on disclosure obligation
Insurance operations