News

0605.26

Finantsinspektsioon has withdrawn the licence as a crowdfunder from Crowdestate AS

On 13 April Finantsinspektsioon withdrew the licence as a provider of crowdfunding services issued on 6 March 2023 to Crowdestate AS. The licence was withdrawn following an application from the company itself. The company’s licence as a payment institution will remain valid.

0605.26

Finantsinspektsioon has withdrawn the licence as an investment firm from Admiral Markets AS

On 27 April Finantsinspektsioon withdrew the licence as an investment firm issued on 5 June 2009 to Admiral Markets AS. The licence was withdrawn following an application from the company itself.

2603.26

Finantsinspektsioon is clarifying the competence requirements for staff of crypto companies

Finantsinspektsioon  issued the European Securities and Markets Authority guidelines “Guidelines for the criteria on the assessment of knowledge and competence und

2303.26

The transition period for crypto companies ends in summer

Finantsinspektsioon has reminded providers of crypto asset services operating in Estonia that they will have to bring their activities into line with the terms of the European Union’s Markets in Crypto-Assets (MiCA) Regulation by 1 July at the latest and get a licence from Finantsinspektsioon or cease their operations.

2003.26

Finantsinspektsioon and the Supreme Court met to discuss problems with consumer credit

Finantsinspektsioon and the Supreme Court held a meeting this week to discuss legal issues, focusing particularly on the challenges of consumer loans and possible solutions to them.

1803.26

A more user-friendly way of submitting applications to Finantsinspektsioon

Finantsinspektsioon launched a new website for submitting applications digitally on 18 March that will make the process of applying for operating licences in the financial sector and giving notification of significant participation simpler, faster and more transparent.