Best Financial Services Regulation Lawyers in Tallinn

Share your needs with us, get contacted by law firms.

Free. Takes 2 min.

Narlex Law Firm

Narlex Law Firm

15 minutes Free Consultation
Tallinn, Estonia

Founded in 2011
10 people in their team
Estonian
English
Russian
Finnish
The Estonian law firm Narlex provides all types of litigation and consulting services for business matters. Narlex has offices in the capital city Tallinn and in Narva, industrial area on the border with Russia.The lawyers at Narlex have been providing professional legal...
View profile
TURNSTONE Advokaadibüroo
Tallinn, Estonia

Founded in 2017
English
Established in January 2017 through the merger of Kais, Pihlak & Partnerid and Mullari & Koch, TURNSTONE Advokaadibüroo is a distinguished law firm based in Tallinn, Estonia. The firm offers comprehensive legal services across various domains, including contract law, family and succession law,...
TECH x LEGAL Law Firm
Tallinn, Estonia

Founded in 2020
English
TECH x LEGAL Law Firm, based in Estonia, specializes in providing comprehensive legal services to IT companies, startups, and founders. With over 40 years of collective experience, the firm's team has worked with both Estonian and international clients across various sectors, including iGaming,...
Law firm EMERALD LEGAL
Tallinn, Estonia

Founded in 2000
50 people in their team
Estonian
English
EMERALD the vision is to be a law firm with the best customer service and expertise in the Estonian legal landscape.We make legal services available to everyone through an understandable, fairly priced and efficient service and by making what seems impossible at first possible.EMERALD will never...
Hedman Law Firm
Tallinn, Estonia

Founded in 1993
50 people in their team
English
Estonian
Finnish
Practice areasStartups and FundraisingData ProtectionCorporate and M&AAI regulatory complianceRegulatory and New Business ModelsVenture Capital & Private EquityEmployment & Stock optionsInformation TechnologyWeb3 related servicesIntellectual PropertyDispute resolutionTaxEnforcement...
Concordia Law Firm
Tallinn, Estonia

Founded in 2012
50 people in their team
Estonian
English
We are members of the European Economic Interest Association "European Law Firm", thanks to which we are represented and can serve our clients in all member states of the European Union.We are members of the European Economic Interest Association "European Law Firm", thanks to which we are...
Advokaadibüroo Pormeister
Tallinn, Estonia

Founded in 2016
English
Advokaadibüroo Pormeister OÜ, established in 2016, was a distinguished Estonian law firm known for its comprehensive legal services across various domains. The firm specialized in civil law, including obligations, property, commercial, bankruptcy, and labor law, as well as court proceedings....
TRINITI Law Firm
Tallinn, Estonia

Founded in 1993
50 people in their team
Estonian
English
TRINITI is a law firm where lawyers really want to help their clients. It is important to us that the client feels that he is cared for and that his request is addressed. TRINITI's clients are mainly entrepreneurs, as well as their owners and managers with their personal legal issues. Our offices...
ASIS Consult OÜ
Tallinn, Estonia

Founded in 2016
English
ASIS Consult OÜ, established in 2016, is a distinguished legal services provider based in Tallinn, Estonia. The firm specializes in a comprehensive range of services, including paralegal support, attorney referrals, business management consulting, debt collection, and legal affairs. With a...
NUR Legal

NUR Legal

30 minutes Free Consultation
Tallinn, Estonia

Founded in 2022
6 people in their team
English
Estonian
Russian
Ukrainian
Azerbaijani
Legal experts in Fintech, Crypto, iGaming and more, providing best quality services on the low price - why? We are aiming on the successful projects behind us. Based in Estonia, United Kingdom, Seychelles, United Arab Emirates and other locations - our legal specialists are in every part of the...
AS SEEN ON

About Financial Services Regulation Law in Tallinn, Estonia

Financial Services Regulation in Tallinn, Estonia, is a critical aspect of the national legal framework that oversees the functioning of financial institutions, including banks, investment firms, insurance companies, and fintech entities. This regulation ensures economic stability, consumer protection, and market integrity. The financial services sector in Estonia is primarily regulated by the Financial Supervision Authority (FSA), which operates under the Estonian Ministry of Finance. The regulatory environment is aligned with EU directives, given Estonia's membership in the European Union, which provides a harmonized approach to financial regulation across member states.

Why You May Need a Lawyer

Individuals and businesses may need legal assistance in Financial Services Regulation for a variety of reasons, such as navigating compliance requirements, setting up financial services businesses, handling disputes, or dealing with regulatory investigations. Specific situations where legal help is particularly important include licensing issues, interpreting complex regulations, implementing risk management strategies, ensuring data protection and privacy, or challenging enforcement actions taken by authorities.

Local Laws Overview

Key aspects of Financial Services Regulation law in Tallinn involve rigorous compliance with EU regulations, such as the Markets in Financial Instruments Directive (MiFID II), the General Data Protection Regulation (GDPR), and Anti-Money Laundering (AML) standards. The Estonian Credit Institutions Act and the Investment Funds Act are also significant national legislations affecting the financial services landscape. Local laws also demand high standards of corporate governance, transparency, and financial reporting to safeguard consumer interests and to maintain trust within the financial system.

Frequently Asked Questions

What authority oversees financial regulation in Estonia?

The Financial Supervision Authority (FSA) is the primary body that regulates financial services in Estonia, ensuring compliance with local and EU standards.

What key regulations should financial service providers comply with?

Providers must comply with MiFID II, GDPR, AML laws, as well as the Estonian Credit Institutions Act and the Investment Funds Act.

Is licensing required to start a financial services business?

Yes, any new financial services business must obtain the necessary licensing from the FSA before starting operations.

How can a business ensure compliance with local financial regulations?

Engaging a legal expert specializing in financial services is crucial, along with establishing a robust compliance and risk management framework.

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

Penalties can include fines, restrictions on business activities, or revocation of licenses, depending on the severity of the violation.

How are fintech companies regulated in Estonia?

Fintech companies are subject to the same regulatory framework as traditional financial institutions, and must adhere to all relevant financial and data protection regulations.

What consumer protection laws apply to financial services in Estonia?

Consumer protection is governed by both the Estonian Consumer Protection Act and EU-wide regulations, ensuring fair treatment and transparency.

Can foreign financial companies operate in Estonia?

Yes, but they must comply with local regulations and often need to establish a local branch or obtain appropriate licensing.

What role does data protection play in financial services regulation?

Data protection is critical and governed by the GDPR, covering the management and security of personal data within the financial sector.

How can disputes with financial institutions be resolved?

Disputes can be resolved through negotiation, mediation, or legal proceedings; seeking legal advice can offer the best strategy for resolution.

Additional Resources

For further information, refer to the Financial Supervision Authority, the Ministry of Finance of Estonia, and other resources like the Estonian Bar Association for guidance on legal representation. These organizations provide valuable materials and updates on regulatory developments.

Next Steps

If you require legal assistance in Financial Services Regulation, start by researching and contacting lawyers or legal firms specializing in financial services. Schedule consultations to discuss your specific needs and evaluate potential legal strategies. It may also be beneficial to join industry groups or associations for networking and staying informed about regulatory changes.

Lawzana helps you find the best lawyers and law firms in Tallinn 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 Tallinn, Estonia - 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.