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FIN-FSA fines Savcor Technologies, and BBS-Bioactive Bone Substitutes

Aerial view to a summer night in Helsinki, Finland.
Photo: Getty Images

The failures included omissions to notify managers’ transactions on time, and not informing individuals about their regulatory obligations.

Finanssivalvonta, the Finnish Financial Supervisory Authority (FIN-FSA), has issued two fines totalling €130,000 ($140,300) on two separate companies relating to failures connected with the EU’s Market Abuse Regulation.

The first fenalty of a combined €100,000 ($107,930) was issued to Savcor Technologies Oy for failing to notify managers’ transactions, and for stating an incorrect date