Consumer credit providers and peer-to-peer loan brokers - instructions
If an entity intends to provide consumer credits or broker peer-to-peer loans, it must submit a notification to the Financial Supervisory Authority (FIN-FSA) for entry in the register of credit providers and crowdfunding intermediaries.
The notification must include the information mentioned in section 4 of the Act on the Registration of Certain Credit Providers and Credit Intermediaries (186/2023) (in Finnish). Section 11 of the Act contains additional provisions on the statements to be submitted if the entity submitting the notification has applied for the right to receive client funds. The content of the notification, together with the statements attached to it, must be submitted either as a Finnish- or Swedish-language application. In the case of possible additional statements, attachments in other languages may be approved, where necessary. Submission of attachments prepared in a language other than Finnish or Swedish must be agreed with the FIN-FSA in advance.
Credit providers and peer-to-peer loan brokers must notify the FIN-FSA immediately of changes to the information entered in the register. In addition, credit providers and peer-to-peer loan brokers must notify the FIN-FSA of the termination of their activities.
More detailed regulations and guidelines can be found in the FIN-FSA’s Regulations and guidelines 3/2023 (in Finnish).
Application forms
The FIN-FSA has published a notification form (word, in Finnish), which is recommended for use when applying for registration, and an attachment form (word, in Finnish), which is recommended for use when preparing the fitness and propriety assessment. Annex A (word, in Finnish) is required if the business activities include receiving customer funds. The forms can also be used to report changes in the information entered in the register.
The notification with its attachments is submitted to the FIN-FSA Registry
- by post to the address Finanssivalvonta, Kirjaamo, PL 103, 00101 Helsinki
- by e-mail to the address kirjaamo(at)finanssivalvonta.fi (secure email instructions).
The Registry will assign a register number to the case, which must also be used when submitting any further statements.
Questions about the notification procedure can be sent to RLL-rekisteroinnit(at)finanssivalvonta.fi.