Best Financial Services Regulation Lawyers in Finland

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Attorneys Alfa Oy
Tampere, Finland

Founded in 2000
50 people in their team
Finnish
Swedish
English
Insightful problem solving For companies, public entities and individualsIn Finnish, Swedish and EnglishWe only handle things that we know we are good atExtensive contacts abroad for cross-border assignmentsCarefully, promptly and cost-effectivelyReporting on the progress of the assignment...
Justeria Law Firm
Espoo, Finland

Founded in 2000
50 people in their team
Finnish
English
Swedish
JusteriaJusteria Oy is a legal affairs office specializing in business jurisprudence for small and medium-sized companies. We assist companies and their owners, e.g. in matters of contract law, questions related to company and tax law, and business arrangements. We also handle lawsuits and...
Kuusivaara
Helsinki, Finland

Founded in 1998
10 people in their team
Finnish
English
OverviewWe are a law firm specializing in litigation. Our specialty is labor disputes. We also handle other aspects of helping citizens, such as family and inheritance law matters and criminal cases. Recently, disputes related to the compensation scope of various insurances, the right of recourse...
Lex Gaudius
Helsinki, Finland

Founded in 2016
10 people in their team
Finnish
English
We are an international law firm in Sörnäis, Helsinki. Our expert team serves you, your company or your organization reliably and cost-effectively.Our goal is to promote the realization of human rights and guarantee everyone the opportunity for legal aid regardless of citizenship, social status...
Lexia Law Firm
Oulu, Finland

Founded in 2009
200 people in their team
Finnish
Swedish
English
We create value and bring peace of mind. We lead your company on the path to success with business expertise and customer-oriented business legal services.We combine legal excellence with a positive service attitude and offer comprehensive business legal services with 80 experts in Helsinki, Turku,...
Attorneys Veneskoski Ltd
Tampere, Finland

Founded in 2000
50 people in their team
Finnish
Swedish
English
Law firm VeneskoskiA traditional law office for individuals and companies in the center of TampereLaw firm Veneskoski is a competent and expert Tampere-based company specializing in handling legal matters, which offers a wide range of lawyer's services from all different fields of law to...
Law firm Audentia
Oulu, Finland

Founded in 2000
50 people in their team
Finnish
Swedish
English
Law firm AudentiaSo that you can focus on what's most importantAudentia is an Oulu-based law firm that serves private and business clients with an expert and courageous approach. Our office is located in Oulu, but we operate throughout Finland. Read more about our services and contact our experts -...
Uudenmaan Lakimiehet Oy
Helsinki, Finland

Founded in 2000
50 people in their team
Finnish
English
Uudenmaa Lakimiehet Oy is a full-service law office in HelsinkiOur legal office offers comprehensive legal services for legal assistance and advice. Uudenmaa Lakimiehet Oy handles with solid professional skills legal advice, handling trials, preparing complaints, drawing up documents, assisting in...
Inventio Law Firm
Espoo, Finland

Founded in 2000
50 people in their team
Finnish
English
Our customersFor us, every customer is a key customer. Our typical customers are large international and Finnish companies as well as SMEs that are looking for special expertise in a certain field. We also serve smaller companies. Our assignments range from strategic level advice to day-to-day...
Magnusson Ltd
Helsinki, Finland

Founded in 2004
500 people in their team
Finnish
English
As a client of Magnusson, your interaction will be with one expert attorney as a single point of contact. But what enables this individual to deliver the coherent and seamless cross-jurisdictional advice you receive is the close interaction between our network of local practice groups. Each...
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About Financial Services Regulation Law in Finland

Financial Services Regulation in Finland is primarily concerned with ensuring the stability, integrity, and competitiveness of Finland's financial markets. It encompasses a wide range of financial activities, including banking, securities, insurance, and public pension systems. The regulatory framework is designed to protect consumers, maintain fair and transparent market practices, and prevent systemic risks. The Financial Supervisory Authority (FIN-FSA) is the primary regulator, overseeing financial markets and ensuring compliance with both national and European Union regulations.

Why You May Need a Lawyer

There are various scenarios where legal assistance may be essential in the realm of Financial Services Regulation:

  • Disputes with financial institutions regarding terms and conditions or compliance issues.
  • Guidance on regulatory compliance for companies offering financial services or products.
  • Assistance in licensing processes or addressing sanctions imposed by regulatory bodies.
  • Help with understanding the legal ramifications of cross-border financial transactions.
  • Support in navigating mergers, acquisitions, or organizational restructuring involving financial firms.
  • Representation in cases of suspected financial fraud or misconduct.

Local Laws Overview

Finland's Financial Services Regulation is a composite of national legislations and European Union directives. Key aspects include:

  • Finnish Act on Credit Institutions: Regulates the establishment and operation of credit institutions.
  • Finnish Securities Markets Act: Covers the procedures and requirements for trading in the securities markets.
  • Insurance Contracts Act: Governs the provisions of insurance contracts and obligations of insurance companies.
  • EU Anti-Money Laundering Directives: Implemented to prevent money laundering and terrorist financing.
  • FIN-FSA’s Supervisory Standards: Set principles on proper conduct, market transparency, and risk management for financial entities.

Frequently Asked Questions

What is the role of the Financial Supervisory Authority in Finland?

The Financial Supervisory Authority (FIN-FSA) supervises the operations of Finland's financial organizations and ensures market stability. It enforces regulations, issues licenses, and oversees the compliance of financial firms with legislations.

What types of financial services require regulatory compliance in Finland?

Regulatory compliance is required for banks, insurance companies, investment firms, payment service providers, and other organizations involved in financial asset management and transactions.

How do EU regulations affect financial services in Finland?

As a member state of the European Union, Finland integrates EU financial regulations into its national framework, ensuring coherence with the broader European financial system. This includes directives on banking, securities, and anti-money laundering.

What is the process for obtaining a financial services license in Finland?

To obtain a license, an entity must apply to the FIN-FSA, providing comprehensive information about its operations, financial health, and compliance mechanisms. The authority reviews applications to ensure that they meet the legal and regulatory criteria.

Can foreign financial institutions operate in Finland?

Yes, foreign financial institutions can operate in Finland, generally through the establishment of a branch, subsidiary, or by using passporting rights under the EU framework.

What consumer protections are available in Finnish financial services?

Consumer protection laws mandate financial service providers to offer transparent information, fair contracts, and to handle complaints effectively. The FIN-FSA also plays a role in safeguarding consumer interests.

What are the penalties for non-compliance with financial regulations in Finland?

Penalties for non-compliance can range from fines and corrective orders to revocation of licenses. The severity depends on the nature and extent of the violation.

How are disputes between consumers and financial institutions resolved?

Disputes are often resolved through internal complaint procedures and can be further addressed by the Finnish Financial Ombudsman Bureau. Mediation and arbitration are also considered viable options before pursuing litigation.

Is there a requirement for ongoing training for financial professionals in Finland?

Yes, financial professionals, especially those in advisory roles, are often required to undergo continuous professional development to stay informed about regulatory changes and maintain ethical standards.

How does Finland address financial crime within the financial services sector?

Finland adheres to both national and EU-level anti-money laundering regulations, enforcing strict monitoring and reporting processes. Financial institutions must implement protocols to detect and report suspicious activities.

Additional Resources

For further information and assistance, consider the following organizations and resources:

  • Financial Supervisory Authority (FIN-FSA): Provides regulatory guidance and necessary updates about the financial industry in Finland.
  • The Finnish Bankers' Association: Offers resources for banking services and legislative updates.
  • Finnish Financial Ombudsman Bureau: Assists in resolving consumer disputes with financial institutions.
  • European Securities and Markets Authority (ESMA): Supplies information on the broader legislative impacts within the EU.

Next Steps

If you need legal assistance with financial services regulation in Finland, consider the following steps:

  • Identify the specific area of regulation or legal issue you need guidance on.
  • Consult with a specialized lawyer or legal firm that has a strong background in financial services law.
  • Prepare all relevant documents and information related to your situation for the legal consultation.
  • Consider reaching out to FIN-FSA or other related bodies for any preliminary clarifications.
  • Stay informed about the latest developments in financial regulations that may impact your legal needs.
Lawzana helps you find the best lawyers and law firms in Finland through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Financial Services Regulation, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Finland—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.