Regulatory Alerts2011-01-01 | FIN-FSA Regulations and guidelines 4/2011Methods for Calculating the Maximum Compensation for Early Repayment of Mortgage Loans
The Finnish Financial Supervisory Authority (FIN-FSA) issued Regulation and Guideline 4/2011 to establish the specific methods for calculating the maximum compensation chargeable for the early repayment of mortgage loans. This document, effective from March 31, 2012, and amended on June 6, 2017, serves as the authoritative reference for financial institutions and consumer lenders in Finland. The regulation is currently available only in Finnish and Swedish, with no English version provided in the source text.
These regulations and guidelines are unfortunately available only in Finnish and Swedish. Please find a link to the Swedish version here.
Regulations and Guidelines 4/2011 (pdf)
Methods for Calculating the Maximum Compensation for Early Repayment of Mortgage Loans
effective from 31.3.2012
amended 6.6.2017
Regulations and Guidelines 4/2011 Methods for Calculating the Maximum Compensation for Early Repayment of Mortgage Loans (version 1) (pdf)
More information
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 lending 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 for Calculating the Maximum Compensation for Early Repayment of Mortgage 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 parties from third countries
Regulations and guidelines on disclosure obligation
Insurance operations