The year 2022 is a very special one for Finantsinspektsioon, as it marks 20 years of operation supervising the stability and overall trustworthiness of the Estonian financial sector.
The Supervisory Board of Finantsinspektsioon approved the Finantsinspektsioon strategy for 2022-2025 at its regular meeting on 26 November. The focus of the strategy is on trust in the financial market, new areas of supervision for Finantsinspektsioon, and customer protection.
Finantsinspektsioon has issued a public alert about the initial public offering of shares in Nu Holdings Ltd. The company has not registered its prospectus with Finantsinspektsioon or published it and so according to the information known to Finantsinspektsioon it may not offer its shares on the Estonian market.
Finantsinspektsioon is again warning the public about the activities of the unlicensed investment service provider VestaFuture OÜ. Finantsinspektsioon has so far this year published six investor alerts about VestaFuture OÜ. After each alert, VestaFuture OÜ has started to offer unlicensed services through new channels.
On 22 November Finantsinspektsioon withdrew the authorisation as a credit intermediary issued on 3 May 2018 to Credible Finance OÜ. The authorisation was withdrawn following an application from the company itself.
Credible Finance OÜ confirmed to Finantsinspektsioon that as the business had never commenced operations, it had never signed a single consumer credit contract.
