Sanctions, requests for investigation and cases of securities market inspections

FIN-FSA´s requests for police investigation and administrative sanctions 2011–2021

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Request for police investigation 4 5 4 3 5 2 6 5 2 6 8
Public reprimand* 3 3 - - 2 - - - - - -
Public warning - 3 2 2 - 2 5 3 1 1 1
Administrative fine 5 14 6 2 19 2 3 - - 1 -
Penalty payment - - - 1 - 3 4 3 5 2 2

* Since 1 January 2013, the Financial Supervisory Authority has been unable to issue a public reprimand for an infringement occurring after this date.

During 2021 FIN-FSA made eight requests for police investigation, issued one public warning and imposed two penalty payments.

FIN-FSA's administrative sanctions and supervisory measures are published here.

Supervision cases related to trading in securities markets and the disclosure obligation processed by the FIN-FSA in 2011–2021

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Total number of cases  80 85 100 83 127 104 95 108 150 155 115
Abuse of inside information 34 23 47 36 57 48 58 71 83 105 65
Market manipulation 23 35 28 23 40 31 24 23 50 39 41
Disclosure obligation: periodic, ongoing, delayed disclosure, disclosure of major holdings, takeover bid, and primary markets 16 23 17 18 24 23 12 12 15 9 6
Other 7 4 8 6 6 2 1 2 2 2 3

Figures 2016–2019 have been corrected on 17 February 2021.

The table below displays supervision cases related to trading in securities markets and the disclosure obligation inspected by the FIN-FSA and concluded during the year concerned. In 2021 there were 115 such cases.

In the corresponding term, the FIN-FSA received 160 STORs from the markets on suspicious transactions or orders, some of which continue to be inspected in 2022.

During 2021 FIN-FSA sent five requests for judicial assistance to foreign securities markets authorities concerning the supervision of securities markets. Respectively, the FIN-FSA received five requests for judicial assistance.