News

2503.25

Julianus Inkasso OÜ was granted a licence as a debt collection agency

Finantsinspektsioon issued the first operating licence as a debt collection company on 11 December to Julianus Inkasso OÜ. The Debt Collection and Debt Purchase Act requires all debt collection companies to apply for a licence if they collect or buy up debts arising from the credit contracts of banks or creditors.

2503.25

Harmonised requirements will start to apply for management of ICT risks in the European financial sector

The European Union's Digital Operational Resilience Act (DORA) will start to apply in Estonia on 17 January, and the requirements for companies operating in the European financial sector will consequently be harmonised.

2503.25

Finantsinspektsioon confirms that a criminal report has been filed in the Planet42 case

Chair of the Finantsinspektsioon management board Kilvar Kessler said that the supervisor cannot tolerate abuse of trust in the financial sector for criminal aims. “Finantsinspektsioon always responds appropriately to suspicions of criminal activity, which also means taking into account other ongoing or potential cases”, he added.

2503.25

Finantsinspektsioon issued a precept to Ühisarveldused AS

Finantsinspektsioon issued a precept on 2 December to Ühisarveldused AS (register code 14192799) as it identified shortcomings during an inspection in organising general governance, in capital management and ensuring the correctness of reporting, and in compliance with and adherence to internal regulations.

2503.25

Finantsinspektsioon fined Salva Kindlustuse AS 10,000 euros

Finantsinspektsioon fined Salva Kindlustuse AS (register code 10284984) 10,000 euros for presenting false information to policyholders and breaking the requirements concerning advertising financial services.

2503.25

Misdemeanour proceedings against IIZI Kindlustusmaakler AS terminated by the Supreme Court due to expiry of the limitation period

Harju County Court upheld the decision of Finantsinspektsioon to fine IIZI Kindlustusmaakler AS 24,000 euros for a misdemeanour. The company breached the prohibition on transferring the marketing of insurance, the duty for the intermediary to act in the insurance interests of the client, and the requirements set by law.