Amendments to regulations and guidelines on the organisation and procedures of investment fund activities and on alternative investment fund managers

The Finnish Financial Supervisory Authority (FIN-FSA) has made amendments to its regulations and guidelines 3/2011 Organisation and procedures of investment fund activities and 4/2014 Alternative investment fund managers. With these amendments to the regulations and guidelines, references have been updated to reflect the revised guidelines of the European Securities and Markets Authority (ESMA) concerning stress test scenarios under Article 28 of Regulation (EU) 2017/1131 of the European Parliament and of the Council on money market funds (Regulation on Money Market Funds).

This is ESMA’s annual update of the guidelines. Pursuant to Article 28(7) of the Money Market Fund Regulation, the guidelines shall be updated at least once a year and shall take into account the latest market changes. The latest updated guideline is “Guidelines on stress test scenarios under the MMF Regulation” (ESMA50-481369926-30848).

In its regulations and guidelines, the FIN-FSA recommends that entities within the scope of the guidelines comply with ESMA’s guidelines.

Entry into force

The amendments to the regulations and guidelines will enter into force on 26th of May 2026.

Further information

Marko Hovi, Head of Division, tel. +358 9 183 5404 or marko.hovi(at)finanssivalvonta.fi

Appendix

The Finnish Financial Supervisory Authority's regulations and guidelines 4/2014 (available in Finnish and Swedish)

The Finnish Financial Supervisory Authority's regulations and guidelines 3/2011 (available in Finnish and Swedish)