Capital Adequacy of Occupational Pension Institutions

Regulations and Guidelines 13/2012 (pdf)

Capital Adequacy of Occupational Pension Institutions

Effective from 1.1.2022

Amended on 9.11.2021

Regulations and Guidelines 13/2012
Capital Adequacy of Occupational Pension Institutions (version 3) (pdf)

More information

Request for Comments 10/2015
FIN-FSA's regulations and guidelines on the calculation of the capital adequacy limit for pension institutions conducting statutory pension insurance and on the diversification of investments, as well as amendments to the Regulations and Guidelines

Request for Comments 7/2016
Changes to regulations and guidelines caused by the regulation concerning the risk and solvency assessment of pension institutions

Comments received on the draft regulations and guidelines

Comments received on Request for Comments 10/2015, 10.12.2015, (ref. no. FIVA 12/01.00/2015)

Feedback on received comments

Comments received on Request for Comments 7/2016, 25.1.2016, (ref. no. FIVA 13/01.00/2016)

Ministry of Social Affairs and Health

Feedback on received comments

Comments received on 11.8.2021

Comments received on Request for Comments 11.8.2021 (ref. no. FIVA 17/01.00/2021)

Summary of Comments

FIN-FSA regulations and guidelines

Commencement of activities

Payment institutions and persons providing payment services without a license

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)

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