Finanssivalvonta issues fines for reporting failures and prohibition violations

Penalties totalling €150,000 imposed by the Finnish supervisory authority.

The Finanssivalvonta, the Financial Supervisory Authority of Finland’s financial and insurance sectors (FIN-FSA), has imposed its first penalties of 2024, which included an administrative fine on a pension provider for failures in reporting derivative contracts, and a penalty for a former board member for violating a transactions prohibition.

The first penalty,

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