Regulatory Alerts2017-01-01 | FIN-FSA Regulations and guidelines 10/2017FIN-FSA Regulations and Guidelines: Administration of the Seamen's Pension Fund
The Finnish Financial Supervisory Authority (FIN-FSA) issued regulations and guidelines for the administration of the Seamen's Pension Fund, effective December 1, 2017. The document includes a summary of public comments received on the draft regulations from key stakeholders such as the Confederation of Finnish Industries and the Competition and Consumer Authority. The full regulatory text is officially available only in Finnish and Swedish, with this English version serving as a translation of the table of contents and administrative notices.
These regulations and guidelines are unfortunately available only in Finnish and Swedish. Please find a link to the Swedish version here.
Regulations and Guidelines 10/2017 (pdf)
Administration of the Seamen's Pension Fund
effective from 1.12.2017
More information
Request for Comments 3/2017 Regulations and guidelines concerning the administration of the Seamen's Pension Fund
Comments received on the draft regulations and guidelines
Comments received on Request for Comments 3/2017, 3.7.2017 (ref. no. FIVA 8/01.00/2017)
Confederation of Finnish Industries
Competition and Consumer Authority
Seamen's Pension Fund
Ministry of Social Affairs and Health
Finnish Seamen's Union
Feedback on the comments received
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 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 separation allowance 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 list of market participants, occupational pension insurance companies and fund management companies
Third-country trading partners
Regulations and guidelines on disclosure obligation
Insurance operations