2. 2025 in the light of statistics published by the FIN-FSA
During 2025, the Financial Supervisory Authority (FIN-FSA) made 12 requests for police investigation, of which 10 related to the misuse of inside information, market manipulation, and omissions in complying with listed companies’ disclosure obligation. The FIN-FSA imposed a total of nine administrative sanctions in 2025, details of which can be found on the FIN-FSA’s website. With regard to requests for police investigation, the FIN-FSA only publishes the number of requests, so as not to jeopardise preliminary investigations by the Police. The figures in the table below include FIN-FSA requests for police investigation and administrative sanctions other than those concerning the securities markets.
Table 1. FIN-FSA’s requests for police investigation and administrative sanctions in 2015–2025
The table below shows the numbers of supervision cases processed by the FIN-FSA related to securities market trading and the disclosure obligation. The table covers the cases whose investigation the FIN-FSA has, for its part, completed in the year in question. The statistics are published on the FIN-FSA’s website twice a year.
Table 2. Supervision cases related to securities market trading and the disclosure obligation processed by the FIN-FSA in 2015–2025
In the year under review, the FIN-FSA processed more supervision cases (251) related to securities market trading and the disclosure obligation than in previous years. The FIN-FSA’s investigations may lead to, among other things, a request for police investigation, the imposition of an administrative sanction, cooperation with the stock exchange’s market surveillance or, for example, a request for assistance to another supervisor. The majority of supervision cases, however, are those where, based on an investigation, there is no cause for further action.