Principles for determining the size of penalty payments and administrative fines and abolishment of the table of indicative administrative fines
The Financial Supervisory Authority (FIN-FSA) has, on its website, disclosed the principles it will take into account in the comprehensive assessment of a penalty payment or an administrative fine. The principles are not exhaustive. At the same time, the FIN-FSA’s table of indicative administrative fines has been abolished.
The disclosure of the principles and abolishment of the table is based on an amendment of the Act on the Financial Supervisory Authority (611/2014).1
For further information please contact
- Sonja Lohse, Chief Advisor, Director General's Staff, tel. +358 10 831 5311 or sonja.lohse(at)fiva.fi
- Olli Laurila, Senior Legal Advisor, Director General's Staff, tel. +358 10 831 5337 or olli.laurila(at)fiva.fi.
1 See the detailed justifications of section 41 of the Act.