News

0911.21

Finantsinspektsioon has ended its misdemeanour proceedings against Swedbank, which has started to compensate the clients affected

Finantsinspektsioon has ended its misdemeanour proceedings against Swedbank AS (registry code 10060701) in relation to trading in the subscription rights of AS LHV Group. The proceedings were terminated because Swedbank AS voluntarily and promptly compensated clients who were able to purchase the subscription rights of AS LHV Group without completing the related questionnaire.

0811.21

The work of financial supervision must become more digital says Kilvar Kessler

The Covid-19 pandemic has pushed European banks towards greater digitalisation, and so the work of financial supervision authorities should also become more digitalised than it has been, said Chair of the Board of Finantsinspektsioon Kilvar Kessler in a speech to the policy conference of the European Banking Institute (EBI).

0311.21

Crowdfunding is to come under the supervision of Finantsinspektsioon

Under the directive of the European Parliament and of the Council, the majority of the current crowdfunding providers in Estonia will have to start to apply to Finantsinspektsioon for an operating authorisation. Finantsinspektsioon will start to receive applications for authorisations on 10 November. Businesses have one year to get the operating authorisation.

0510.21

Grünfin AS was granted an operating authorisation as an investment firm

On Monday 4 October, Finantsinspektsioon issued authorisation to Grünfin AS to operate as an investment firm, giving it the right to provide securities portfolio management services for clients and securities custody and management services as an ancillary service, and to provide related activities.

2909.21

Online Registrator OOO has been fined 18,000 euros

Finantsinspektsioon today fined Online Registrator OOO (Russian registry code 1127746022898) 18,000 euros for not notifying Finantsinspektsioon in advance of its intention to acquire an indirect significant shareholding in the Estonian investment company AS KIT Finance Europe.

2809.21

Maksekeskus AS was granted an operating authorisation to provide account information services

Finantsinspektsioon issued authorisation on 27 September to Maksekeskus AS to provide account information services as a payment institution.