The Law In The Book-Entry System And Clearing And Settlement

Original Language Title: Laki arvo-osuusjärjestelmästä ja selvitystoiminnasta

Read the untranslated law here: https://www.global-regulation.com/law/finland/647108/laki-arvo-osuusjrjestelmst-ja-selvitystoiminnasta.html

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Get a Day Pass for only USD$49.99.
In accordance with the decision of the Parliament, provides for: (I) the PART of the GENERAL PROVISIONS and DEFINITIONS Chapter 1 General provisions section 1 scope of application of this law shall apply to the book-entry system and clearing activities in Finland. (12.4.2013/256)
Central securities depository and settlement in the Community shall apply to the limited liability company Act (624/2006), unless otherwise specified in this law or any other breach of security or for legislation on the subject to the clearing house.

section 2 of the Enforcement of this Act and its compliance with the provisions of the provisions adopted in the implementation and monitor the financial supervision by the financial supervision Act (889/2008) and in the law.

Definitions for the purposes of paragraph 3 of This law: 1) the value of the leg of a securities market law (746/2012), Chapter 2, article 1 of the said shares, or any other law, investment law (758/2012), Chapter 1, section 10 of the Act in respect of a financial instrument or other similar within the meaning of the right to, or change the value of the paper, which is attached to the book-entry system;
in the book-entry system 2) the computer system unit, which consists of the Act on book-entry accounts (1991/827) in the book-entry accounts and referred to in the lists;
the value of the book-entry register 3)-share accounts, accounts of the value of the shares and the securities accounts, and the value of the shares on the rights and responsibilities of certain security centre in Finland, ahead of the record;
4) Security Agency the Finnish company, which is authorized in accordance with this law, take care of the security of the Centre's tasks;
5) central counterparty OTC derivatives, central counterparties and trade repositories/2001 of the European Parliament and of the Council amending Regulation (EC) No 1782/2003 648/2012, hereinafter referred to as the structure of the market operator, referred to in paragraph 1 of article 2 of the community; (12.4.2013/256) 6) remarks on the side of the community, which has been granted the right to issue financial instruments transactions or any other rendition of the clearing for settlement; (12.4.2013/256) 7) with a report on the activities of financial instruments for the determination or the obligations arising from the implementation of the trade;
8) clearing the Finnish company, which is authorized in accordance with this law, a professional and a regular process to pursue settlement activity;
9) tilinhoitajalla whom security is granted the right to make entries in the book-entry in the register;
10) outsourcing of the central securities depository or a clearing house arrangement, on the basis of which the matter dealing with the work of the other service provider to produce a security feature or service centre or report to the community, with a central securities depository or Clearinghouse would otherwise actually carried out;
11, the State of the EEA-European economic area) in the State.
(II) the PART of the central securities depository, the clearing, CENTRAL COUNTERPARTY and CLEARING PARTY (12.4.2013/256) Chapter 2 of the central securities depository, the owners, management and operation of section 1 of the Finnish central securities depository's activity licence requirements, and the value of the paper's headquarters in the central securities depository activities issued by the Ministry of finance should not be implemented without a licence.
Finnish central securities depository's head office is located in Finland.

section 2 of The application for authorisation to the Ministry of Finance shall, on application, grant a licence to Finnish central securities depository activity in the stock to the company. You can also apply for a licence for a new company.
Applications must be accompanied by the Security Centre activities, as well as possible within the meaning of section 16 (3) of the Security Centre's activities closely connected with any other activity, the plan, as well as on the establishment of rules for the application of the central securities depository. The plan shall, in particular, to find out how the Security Center will be able to handle all of the value attached to the book-entry system and to take care of all the tasks set out in article 16, and in the book-entry system in the manner of an appropriate development are safely taken care. The application shall also be accompanied by adequate reports on the ownership of the securities Centre: 1);
2) and Auditors;
3) internal control and risk management;
4) potential conflicts of interest and incompatibility;
5) capital adequacy, liquidity, and other economic conditions;
6) sustainability also in exceptional circumstances;
7) control function for the organization.
If the authorisation is sought for a new company, the application shall also be accompanied by adequate reports on the applicant.
At the request of the Ministry of finance, the applicant shall submit to the Ministry of Justice of Luxembourg for the grant of the necessary supplementary evidence.

section 3 of the Ministry of finance, The conditions under which the licence is to be granted, if it can, on the basis of a report received from the to make sure that: 1) the applicant and the products meet the requirements of this Act and the action envisaged by the provisions adopted pursuant thereto and the provisions on the conduct of the activities of the central securities depository requirements laid down a reliable and provided for;
2 the value of the paper's owners meet the 4), provided for by article; as well as 3) securities ownership does not compromise the security of the Centre to provide prudent and healthy business in accordance with the principles of the business.

section 4 of the reliability of The major owners of the securities Centre, who directly or indirectly holds at least 10% of the share capital or stock of the Centre, which produces at least 10% of its voting shares, must be reliable.
Trust is not considered it, that is: 1) during the year preceding the assessment of the five sentenced to imprisonment or a fine penalty three assessment during the year preceding the crime, which can be regarded as a manifestly inappropriate to show his own Security Center; or 2) otherwise the earlier shown to be manifestly inappropriate to devote the regulatory framework of the central depository.
If the above 2 are not referred to in paragraph 1 of the law of strength, conviction, however, may continue with the Security Agency's use of the power of decision to the owner of the Security Center, if it is the judgment of the circumstances that led to his earlier activities, and any other relevant factors, taken as a whole, be regarded as manifestly well founded.

section 5 of the authorisation and of the central securities depository in which the application for the activity licence to be resolved within six months of the date of receipt of the application or, if the application has been incomplete, of the applicant for the necessary documents and information. The decision on authorisation must, however, be made within 12 months of the date of receipt of the application. On the conclusion of the complaint on the basis that the decision is not adopted within the prescribed period, provided for in article 5 of Chapter 8.
The Ministry of finance is the solution to the request before the request of the Bank of Finland, and the opinion of the financial supervision.
The Ministry of Finance has the right to the concession, after consultation with the applicant to set the value of the securities in the licence provisions, necessary for the stability of the financial market supervision or restrictions and conditions.
The Security Center can begin to work, subject to the terms of the authorisation, immediately after the authorisation has been granted and the value of the paper's rules are laid down. If the authorisation is granted to the company in the future, action may be initiated when the Security Center is registered.

section 6 of the licensed company licensed in securities business is also authorised in another EEA State, the Statute for a European company (SE) of the corresponding rules laid down in Council Regulation (EC) No 1782/2003 n ° 2157/2001, hereinafter referred to as the eurooppayhtiöasetus, to the company, which plans to move its head office in Finland, in accordance with article 8 of that regulation. In addition, the Ministry of finance to request the application of the State securities market supervisory authority in a statement. Not be registered before the approval is issued. The same applies to the creation of the European company statute, by means of a merger in such a way that the host company, whose head office is situated in another State is registered in eurooppayhtiönä in Finland.

section 7 of the financial capacity of the scope of its activities in the securities Centre must have sufficient financial and operating conditions.
Finnish central securities depository's fully paid share capital shall not be less than EUR 5 million.
Finnish central securities depository's resources must be placed in a safe and are safely taken care of the liquidity of the community.

section 8 of the notification of The acquisition of shares, which intends to acquire, directly or indirectly, securities shares, it shall inform in advance the financial supervision, if: 1 the purchase of should be at least) for his holding to 10 per cent of the share capital of the securities;
2) his holdings in would be so great that it would be at least 10% of all the voting shares; or 3) would use his holding to otherwise take ownership of the endorsement referred to in paragraph 2 or otherwise a significant influence over the management of the securities Centre.
If the ownership is going to be to at least 20%, 30% or 50% of the share capital or securities Agency of its voting shares, the acquisition also must be informed in advance of the financial control. Also, if the Declaration is to be made responsible for the ownership stake would be reduced to less than the limit laid down in paragraph 1 of this or.

The calculation referred to in paragraph 1 and 2 of title and interest in and to the share of the vote, shall apply to the securities markets Act, Chapter 2, and Chapter 9, in section 4 of article 4 to 7.
The central securities depository shall notify the Financial supervision at least once a year, the owners of the holdings referred to in paragraph 1 and 2 and, if they are in the holdings of the central securities depository. The central securities depository shall immediately inform the Financial control of the reported change in the ownership of the shares. Notices must be given adequate information on the amount and the percentage of the owners, as well as other information as determined by the financial supervisory authority.
The notification referred to in paragraphs (1) and (2) must show the necessary information and explanations: 1) to the ilmoitusvelvollisesta, as well as his integrity and financial situation;
a party responsible for ownership and other relationships between the 2) security features;
3. the financing of the acquisition agreements, procurement) and, in the case referred to in paragraph 2, the objectives of the reservation of title.
What this section provides for the Security Center notification of the acquired stake, also applies to the community, with the securities markets Act, Chapter 2, as referred to in section 4 of the control over the Security Center (security's ownership in the community).

section 9 of the acquisition of shares in the denial of the right of the financial supervisory authority to prohibit a participating interest within the meaning of article 8 of the Financial contribution provided for in the law on the control of the contracting 32 (a).
The financial supervisory authority has to make a decision as referred to in paragraph 1 within three months of the date of receipt of the notification referred to in article 8.
Before the expiry of the period provided for in paragraph 2, the party responsible shall acquire the shares referred to in article 8 only if the financial supervisory authority has given its consent.

withdrawal of authorisation pursuant to section 10 of the Ministry of finance may withdraw all or part of the central securities depository, if: 1) the operation of the central securities depository is essentially a violation of the law or the provisions adopted pursuant to the provisions of the licence, or any conditions or restrictions, or the Finnish central securities depository's rules;
2) Security Center has not worked in the last six months;
3. the granting of authorisation) of the central securities depository of the essential conditions laid down no longer exists;
4) all or part of the Security Agency's activity is not started within 12 months of the grant of a licence; or 5) Securities Act when applying for the authorization is of essentially false or incomplete information on the key aspects of the operation of the central securities depository.
The Ministry of finance, the decision referred to in subparagraph (1) is before the request of the Bank of Finland, and the opinion of the financial supervision, subject to exceptions on grounds of urgency. Before the Treasury Department to withdraw the Security Center under a licence as referred to in paragraphs 1 and 3, it shall, prior to their decision, to set a reasonable time limit for the operation of the securities Agency in order to remedy the deficiencies identified, subject to the withdrawal of authorisation or to the urgency of the matter immediately with the necessary security to safeguard the stability of the market and reliable operation.
The Ministry of finance may, on the application of the securities Center to cancel its authorisation, if the Security Center has decided to stop working. Before taking a decision of the Ministry of Finance shall request the opinion of the Bank of Finland and financial supervisory authority.
If the Treasury Department to cancel under paragraph 1 or 3, the value of the securities at the same time, the concession, the Ministry may issue regulations on how the operation will be terminated.

the suspension of the restrictions on the operation of section 11, and the Ministry of finance, acting by a qualified for the activities of the Centre, or to limit the number of securities for, or for the time being to suspend the operation of the central securities depository activities, if it is found to the incompetence or varomattomuutta, or if the security of the Centre's activities are otherwise disturbed. It is also required that the continuation of the obviously seriously undermine the role of the investor or a settlement agent, or financial stability or reliability.
The Ministry of finance may issue regulations on the organisation of the securities of the Centre's operations during that time, the operation of which is suspended.
The Ministry of Finance shall, before the decision referred to in subparagraph (1) consult the Security Centre and request the opinion of the Bank of Finland and financial supervisory authority, subject to exceptions on grounds of urgency.

Article 12 of the Finnish central securities depository's Management Board, the Executive Director of the securities Centre and the rest of the senior management is going to lead to a Security Center in a professional manner and in accordance with the principles of sound and prudent business. The Board, the members and alternate members of the Executive Director and the Deputy Executive Director, as well as other senior management needs to be a reliable person who is not bankrupt and whose activity has not been limited. These persons must have a general knowledge of the operations of the securities markets as to the quality and scope of the activities of the central securities depository, as well as the person's post, there is a need.
Trust is not considered it, that is: 1) during the year preceding the assessment of the five sentenced to imprisonment or a fine penalty three assessment during the year preceding the crime, which can be considered to show him to be a member of the Board of Directors of the apparent unsuitability of the central securities depository or an alternate member, Managing Director or ceo or other senior executives; or 2) otherwise the earlier shown to be manifestly inappropriate for the task referred to in paragraph 1.
If (2) the Court referred to in paragraph 1 has not received any legal force, convicted in the case referred to in paragraph 1 may, however, continue with the task, if it is the judgment of the circumstances that led to his earlier activities, and any other relevant factors, taken as a whole, be regarded as manifestly well founded.
The central securities depository shall inform the persons referred to in subparagraph (1) shall without delay of any changes in the Financial control.
The provisions of this article shall apply by analogy in respect of the securities, the value of the paper's ownership in the community.

section 13 of the value of the transfer of securities in the European economic area if the Security Center is planning to move to another EEA Member State, as provided for in article 8 of the eurooppayhtiöasetuksen, the value of the securities shall be sent to the Financial control of a copy of the eurooppayhtiöasetuksen the transfer of the plan referred to in article 8 (2) and the report referred to in paragraph 3 shall, without delay after the Security Center has announced a plan for registration.
The registration authority shall not permit a eurooppayhtiölain (779/2004) section 9 of the certificate referred to in paragraph 5, if the financial supervision authority has announced before the same to the granting of the authorisation referred to in paragraph (2), that the Security Center has not complied with the transfer of the seat of the provisions of the winding-up or in Finland. The licence may be issued until a month has passed since the companies Act Chapter 16, section 6, subsection 2 of the deadline referred to in only if the financial supervisory authority has announced that it had no objection to the transfer of the seat of the.

section 14 of the securities Division of the merging companies or of the Centre's participation in the European economic area if the Security Center is involved in the cross-border merger or Division within the European economic area, the registration authority shall not give such a merger of the funds provided for in article 4 of the eurooppayhtiölain or of the companies Act, Chapter 16, section 26 of the Act, or of the companies Act, chapter 17 of the certificate referred to in article 25, if the financial supervision authority is informed, before granting a permit, that the Security Center has not complied with the merger, Division or the provisions of the winding-up in Finland. The licence may be issued until a month has passed since the companies Act Chapter 16, section 6, paragraph 2 or article 6 of chapter 17 of the deadline referred to in paragraph 2 only if the financial supervisory authority has announced that it had no objection to the merger, Division or the creation of the European company statute.

Article 15 of the security of the Centre's activities to the Security Agency's action must be held to its business, taking into account the quality and scope of the operations in a reliable manner. The Security Center is to ensure its activities related to the functioning of the internal control and risk management, business continuity at all times.
The Security Agency must be to identify conflicts of interest relating to the activities of the operational principles and with a view to their prevention. The policy shall take particular account of the situations of conflicts of interest that may affect the Security Centre in the control provided for in article 20 of the sound.
Security Center performing the duties provided for in this law shall not apply to the management of the operation of the Act (434/2003), the law on openness of government activities (621/1999), the language Act (423/2003) and the Sámi Language Act (1086/2003). A member of the Governing Board of the Centre body of the securities or the securities centre service does not apply to the provisions relating to criminal responsibility.
What provides the security, shall apply by analogy to the Finnish central securities depository's ownership in the community. Financial supervisory authority may grant derogations from the obligations under subparagraph (1), the community of property, if the property is in another EEA country by the community that law of the corresponding control.

section 16 of the securities of the Centre's tasks


In the book-entry system for the exercise of the tasks common to the Security Centre: in the book-entry system 1) is responsible for the operational centre for the maintenance of information systems;
the value referred to in this Act 2) takes care of the book-entry system and provides the related services;
3) to keep the article, as well as 3 of Chapter 6 of the book-entry securities accounts (827/1991), as referred to in article 3 and 4 of the lists, and lists of data exploitation and processing of offers of the relevant services;
4) shall ensure that the accounts recorded in the value of shares equivalent to the amount of banknotes in circulation in the book-entry system;
5 in accordance with the laws of the community, of this report) is active;
the value of the contributions of the 6) takes care of the return and the value of the measures necessary for the contribution to similar events in the system in accordance with the rules of the common organisation;
7 in the book-entry system) takes care of the other reliable operation and the measures necessary for the development of, and, where appropriate, to those related topics.
Security Center may, in addition to the tasks referred to in subparagraph (1) to collect the information in the book-entry system of the securities market Act, as referred to in chapter 13 of insider ownership in the register, referred to in article 28 of the securities pursuant to the investment services act, Chapter 7, article 19, of the investment firm as referred to in the trade in financial instruments pursuant to the Act, as referred to in Chapter 2, article 43 of the Exchange Insider register and mutual funds, as referred to in article 101 (a) of the management company's insider register, as well as measures of the law of securities accounts (750/2012) § 2, paragraph 1, sub-paragraph 2 a store within the meaning of the paragraph.
Security Center may engage in the activities referred to in subparagraph (1), and in addition to clearing the maximum change in these closely related action. In addition to the option of the Agency shall act as the securities fund managers Act (162/2014) in accordance with article 3 of Chapter 14 of a special custodian. In particular, the rest of the action as referred to in sub-section or the custodian of the Act should not jeopardise the performance of the duties referred to in paragraph 1 and not in the book-entry system. (7.3.2014/168) article 17 of the International cooperation of Security Centre works in partnership with the organizers of foreign stock exchanges, multilateral trading, securities analysis, clearing and deposit institutions, CSDs, the book-entry system and two systems administrators.
Security Center keeps lists of the international cooperation necessary for the accounts and register. Collaboration provides the rules of the central securities depository.

section 18 of the securities were tied to the value of the securities, and the rest of the legal person or natural person, the major interested parties shall not prevent the effectiveness of supervision over the securities Centre. Effective controls are also not allowed to block in such a linkage in relation to the natural or legal persons with which the third country's regulations and administrative provisions. (8.8.2014/625)
After the granting of an authorisation an authorisation of any changes in the information stated at the time of the application to the proprietary shall immediately notify the financial supervisory.
An important binding for the purposes of this article investment firms, credit institutions and capital adequacy requirements and Regulation (EU) no 648/2012 to the European Parliament and of the Council amending Regulation (EC) No 1782/2003 575/2013 38 referred to in article 4 (1) of the nearby. (8.8.2014/625) section 19 dealing with Security Center will be to ensure the preservation of the information in the book-entry system as soon as possible all disruption also operate with sufficient information in exceptional circumstances, in Finland or other continuous functioning of the financial markets, make adequate arrangements so as to, by participating in the contingency planning and preparation in advance of the activity, as well as other measures in exceptional circumstances.
If the resulting from tasks require such measures, which clearly differ from those of the normal procedures before the Security Agency's activities, and which are reflected in a significant additional costs, such costs may be replaced by safeguarding security of supply (1390/1992), referred to the Security Fund.

section 20 of the Finnish central securities depository's supervisory role of the central securities depository must provide for an adequate and reliable monitoring of this law and its regulations, and the provisions adopted in the implementation of and to ensure compliance with the rules of the securities in the book-entry system.
The value of the paper to the attention of the financial supervisory authority of the Centre shall be a procedure that is obviously contrary to the provisions referred to in subparagraph (1) or the rules of procedure of the central securities depository shall without delay, subject to correction or otherwise resolve the situation. If the provisions of the rules, regulations or materially or repeatedly, the notification is, however, always.
Tilinhoitajien and other users of the central securities depository services, at the request of the Security Centre in the control in accordance with this article to satisfy an obligation of the identified information.

section 21 of the Finnish central securities depository's outsourcing of security, the Centre may with the permission of the Ministry of finance to outsource 16 in accordance with the first subparagraph of article a significant operation, if outsourcing is not detrimental to the Security's risk management, internal control, monitoring and operation of the central securities depository for the securities of the Centre's business or activities of other action.
The action is important for the functioning of the securities, in the event of an error, or the lack of it may interfere with the carrying out of the activities of the securities laws, essentially, their adopted on the basis of laws or regulations or compliance with the terms of the authorisation of the central securities depository or the security of the Centre's financial position or its operational continuity.
A significant feature of the central securities depository for the operation of the agreement, indicating the content of the mandate and the period of validity of the contract.
The Security Center is to see to it that it gets outsourced activities are constantly conducting securities regulatory control, risk management and internal control regarding the necessary information and that it has the right to disclose information to the Ministry of finance, the Bank of Finland and financial supervisory.
The central securities depository, that the granting of an authorisation after plans to outsource its operation in terms of a significant other than as referred to in subparagraph (1) of section 16 of the action, shall be notified in advance of the financial supervision of outsourcing. The security agreement between the Centre and the outsourced activities to manage in relation to the substantial change shall be notified to the Financial control.

Article 22 of the rules of the central securities depository for the securities of the Centre shall be drawn up and kept available to the public of the provisions of the rules, which contain at least the following: 1) of the Securities and the mutual exchange of information and the rules for the tilinhoitajien principles, as well as the value of the shares and rights holders to identify the labels to be used and be sure to book-entry securities system for common practices;
2) tilinhoitajien vähimmäisaukioloajoista;
3) posting errors and study the operation of the procedure to be followed;
4) tilinhoitajien in action and the measures necessary for the procedures to be followed for rekisteriturvallisuuden procedures as well as the decisions taken by the documents relating to the tilinhoitajien or the preservation of their copies;
the granting of the rights of the tilinhoitajan and 5) when applying the knowledge;
6) according to the law of the securities Centre for monitoring the performance of their tasks;
7. the adoption of decisions of the rules of the Act) of the annual breakdown between the Board of Directors and the Managing Director;
notification of a change to the rules, and 8);
9) other security matters related to the activities of the Centre.

the strengthening of the central securities depository pursuant to article 23 of the rules of the Finnish central securities depository's rules to strengthen the application of the Treasury. The rules must be laid down, if they are adopted on the basis of the provisions of this law and in accordance with the provisions and, on the basis of a report and, if obtained can be considered that it is likely that they will ensure the security of the organisation and the Centre for the reliable operation of the book-entry system maintenance.
The application is to be resolved within three months of the date of its receipt, or, if the application has been incomplete, of the applicant for the necessary documents and information. The decision is, however, always be made within six months of the date of receipt of the application. The Ministry of finance, is the strengthening of the rules on the application of the Bank of Finland prior to the request and the opinion of the financial supervision. If the opinion of the Bank of Finland is the statutory responsibilities of the Bank of questions in the negative, the rules are not going to fix.
The Ministry of finance to the book-entry system in order to strengthen confidence in or for any other reason to impose the rules of the event by the contents of the provisions to be changed or the national air and Space Museum. The Ministry of finance, before the order is issued to request the opinion of the case of the Bank of Finland and financial supervisory authority.

Tilinhoitajan must agree to comply with the security rules of the Centre. The value of the issuer is required to agree to comply with the security rules of the Centre before the securities can be attached to the request of the issuer, to the book-entry securities system.

section 24 of the central securities depository services charges for securities services charges must be reasonable, taking into account the different customer groups and a level playing field, which it must be able on request to demonstrate to the financial control.

section 25 of the personal transactions of the central securities depository is to take adequate measures to prevent the security features in an impressive person in the capacity of the taking of personal transactions, if this can lead to a conflict of interest, or where the person in question is the meaning of the securities market law, insider information, or the issuers or the clearing of the transactions or information of a confidential nature. The confidentiality of such information is a must.
The central securities depository shall maintain personal transactions. The central securities depository shall forward to the Financial control and an explanation of how the Security Center has overseen the provisions relating to personal transactions, the value of the Centre's internal rules and compliance with the instructions of the paper, and what measures the Security Centre is taken, if the provisions of the instructions in the ' the provisions or have not been complied with.
Set in an impressive person and personal transactions of the investment services act, Chapter 7, what provides the management of the investment firm, in an impressive people and their personal activities.

section 26 of the obligation to provide a notification of the central securities depository on the inner circle is the inform a regulated market or a multilateral trading system, the trading of the shares in Finland and the kind of financial instruments on the basis of the shares, whose value is determined by the information relating to article 28 of the securities referred to in article 27 of the Insider register as the Centre, hereinafter referred to as the insiders. (7.3.2014/168)
For the purposes of the central securities depository Insider: 1) the value of the paper's directors, members and alternate members, the ceo and the ceo's making men, as well as auditors, the Deputy and the Court of Auditors, the European people, which have the main responsibility for the audit of the financial statements of the company;
2) CSD employed by the other person, in any position or duties referred to in subparagraph (1), receives on a regular basis over the shares or financial instruments on the inside information.

section 27 of the securities Centre, an insider's Insider-notification must be made within 14 days of the notification of the walled garden, when he has been appointed within the meaning of article 26 (2) in the performance of their tasks.
Inner circle-the notification shall specify: 1) under guardianship, the guardian insider;
2) community or Foundation, with insider or vajaavaltaisella referred to in paragraph 1 directly or indirectly, has control over;
3) if applicable, referred to in paragraph 1 as well as owned by and owned by the Foundation of the Community referred to in paragraph 2 or of a regulated market or a multilateral trading system trading shares and financial instruments in Finland, whose value is determined by the shares.
An insider is the task when he was within seven days notify the Security Center: 1) (2) of the shares referred to in paragraph 3 and the procurement and supply of financial instruments, when the change of ownership is at least EUR 5 000;
2. the information referred to in this article).
Under paragraph 2, the information referred to in paragraph 2 and 3 need not be given, in so far as they relate to the Housing Corporation, the housing companies Act (1599/2009) referred to in article 2 of Chapter 28 of the mutual real estate company, ideological or economic associations or non-profit community. In the event of the community regularly to trade financial instruments, the information must, however, be indicated.
The notification shall be included in the Foundation of the community or of the person concerned to identify the necessary information, as well as shares and other financial instruments.
If (2) the shares or financial instruments referred to in paragraph 3 is connected to the book-entry securities system, security centre can arrange a procedure in which data is taken from the book-entry system. In this case, no additional messages not to be done.

section 28 of the Securities and the value of the securities of the Centre's insider register is kept of the referred to in article 27, the insiders-notifications to the register (Securities Insider register), showing each case of an insider's insider, section 27, subsection 2, if applicable, as referred to in paragraph 1, and the Foundation of the Community referred to in paragraph 2 or in the said paragraph owned by shares and financial instruments, as well as broken down by referred to in the procurement and supply.
If the notifications shall be made in accordance with paragraph 6 of article 27, the Security Agency's insider register may be in that regard, to form the book-entry system;
The value of the paper's list of maintenance must be organised in a reliable manner. Recorded data must be kept for five years of data. Everyone has the right to obtain reimbursement against excerpts from and copies of the information in the registry. A personal identification number and address of a natural person as well as the rest of the name of a natural person as an insider, however, are not in the public domain.
The Security Center is annually, the organisation of the maintenance of the financial control statement of the insider, security surveillance and to the notification requirement of the Centre's insiders about what measures the Security Centre is taken, if the provisions of the Declaration on the provisions of the walled garden, or the value of the paper's internal guidelines have not been complied with.

section 29 of the financial audit and the obligation to provide copies of certain documents on the securities Centre, at least one shall be a CHARTERED ACCOUNTANT-auditor or the audit firm, the lead Commission auditor must be a CERTIFIED PUBLIC ACCOUNTANT-auditor. (18.9.2015/1160)
L:lla 1160/2015 modified the Act shall enter into force on the 1.1.2016. The previous wording: on the securities Centre, at least one shall be a Court of Auditors Act (459/2007), section 2, of the firm of the auditor referred to in paragraph 2 or to the APA community.
The central securities depository shall, without undue delay, send a copy of the Financial control: 1) accounting documents;
2), the Court of Auditors report;
the minutes of the annual general meeting 3).
What provides the security, shall apply by analogy to the Finnish central securities depository's ownership in the community. Financial supervisory authority may grant a derogation from the requirement laid down in paragraph 2, the community of property, if the property is in another EEA country by the community that law of the corresponding control.

section 30 of the Financial control of the määräystenantovaltuudet the provisions of the financial control can give more specific in accordance with article 15 of the security of the Centre's operations from a trusted organization, as well as conflicts of interest, in order to identify and comply with policy considerations in such a way that the provisions, mutatis mutandis, to bear the investment services act, Chapter 7, article 23, paragraph 1, sub-paragraph (3) and (4) the provisions of the investment services companies.
More detailed provisions on financial control can provide in article 25 of the activities referred to in subparagraph (1) and (2) the report referred to in and submitting it to the article 27 of the Financial control: the content of the notification referred to in the walled garden, and the way the value of the paper referred to in section 28 of the list of content and data entry of the Centre on the way in, as well as article 28 of the report referred to in paragraph 4, and submitting it to the Financial control. The provisions of the investment services act, if applicable, respond to the chapter 7, article 23, paragraph 5, and under the provisions of the investment services companies.
Chapter 3 of the clearing house, the owners, management and operation of the section 1 analysis of the situation in the community and the application of the provisions relating to the settlement of the securities central clearing house activities may not engage in the community without an authorization issued by the Ministry of finance.
Chapter 1-section 15 2: provides for the authorization of the securities Centre, economic conditions, the limitation of the operation of the acquisition, management, and the suspension of the participation of the merging companies, on the transfer, and the organisation of the activities of the Division in the European economic area, as well as the same in the articles in Chapter 20, 21, 25 and 29 of the supervisory role, outsourcing, personal transactions and on the audit of the financial statements, also apply to the clearing of the community. Chapter 2, section 15 provides the Security Centre, as well as members of the employment and its governing body, apply by analogy to members of the governing body of the clearing house, as well as the analysis of the situation in the community and in the service of performing the tasks provided for in this Act. Chapter 2, section 8 provides for ownership of the securities in the community, shall apply by analogy to the community, with the securities markets Act, Chapter 2, as referred to in section 4 of the control of the survey in the Community (the clearing house ownership in the community).

The provisions of the financial control can give a more accurate analysis of the situation in the community activities referred to in paragraph 2 from a trusted organization, conflicts of interest, in order to identify and to comply with the policy considerations as well as on personal transactions, the monitoring of the submission of the report on the report and, in accordance with Chapter 2, for the Financial supervision of respectively 30.
Analysis of the situation in the Community authorisation application shall also be accompanied by adequate reports on the operation of the clearing house, as well as the risk of loss arising from the distribution of any of the losses.

section 2 of the statement of Community action, in addition to the settlement of the clearing house may under the conditions laid down in the permit: 1) to provide for the storage of securities circulation and tietojenkäsittelypalveluja, as well as the security and the development of the financial markets-related training, information, and tietojenkäsittelypalveluja;
2) engage in securities activities and maintain book-entry registry;
3) to act as a clearing party. (12.4.2013/256) 4 L:lla 12.4.2013/256 is repealed.
A statement of the Community shall not be allowed to own shares or units of other than the services referred to in this article-production in the community, subject to financial supervision, for a special reason, grant an exemption from this restriction. A derogation may be granted, if the property does not compromise the reliability of the operation of the clearing house.
Report of the activities referred to in this article shall be exercised by the community and the operation of the Centre, in addition to other securities permitted for these closely-related activities. Such other activities must not impair the operation of the Clearing House's Security Center, you can perform the tasks referred to in subparagraph (1) and the statement of operations.

section 3 of the clearing house in order to safeguard the functioning of the Clearing Settlement community to its agreement with the parties to the settlement to make Community action in the field of the distribution of possible losses. The contract clearing party of responsibility can be limited to only part of the explanation of the activities of the community, and the responsibility to set the maximum number of the clearing party.
The agreement must apply to the Ministry of finance. The strengthening of the Ministry, the agreement shall request the opinion of the Finnish Bank and the financial supervisory authority. If the activities of the Community shall include the value of securities in the book-entry system that are attached to the statement of activities, statement is, if necessary, request the Security Centre. The clearing party may replace the loss-sharing agreement on the commitment, in whole or in part for the purposes of the insurance or guarantee to safeguard the operation of the clearing house, the acquisition.
Analysis of the situation in the community is constantly cover clearing and settlement on the day on which the clearing around responsibility arising from being called.
A statement of the Community shall be accompanied by a report on the activities of the Fund, if the clearing is netted against the delivery of securities or payment obligations of certain securities and foreign exchange trading as well as the terms of the Act on the settlement system (1084/1999). A statement of the Fund may be used to cover losses resulting from the settlement of the clearing house, as well as the operation of the clearing house, or clearing member clearing obligation, unless the clearing-party code to the clearing party for yourself or meet the obligation. A statement of the Fund makes payments to those parties who are involved in securities settlement. A statement of the Fund's governance, rules, resources management, and revenue and resources recovery shall apply, mutatis mutandis, to the provisions of this Act provides for the securities to the Fund, the rules of posting, management of resources, as well as return and refund the funds. The Fund will be posted in the balance sheet as a separate component of equity, the clearing house. A statement of the Fund shall be transferred to the funds as specified in the rules of the Fund and the report of the community or, if the Fund is recorded in the balance sheet of the clearing house, the articles of Association. A statement by the general meeting may decide that a certain amount of off-balance-sheet for the distributable shall be transferred to the settlement fund. In addition to the analysis of the situation in the community, it may be provided that, in the settlement of the clearing party shall pay the fees for kartutus the Fund. A statement of the Fund's assets can be returned to the parties to the settlement agent or the use of profit-sharing only with the permission of the financial supervision or liquidation.
A statement of the community's own resources, the potential loss-sharing agreement, a statement of the Fund, as well as an explanation for the benefit of the community insurance, collateral, guarantees, as well as other measures taken to assure the functioning of the clearing house is the one to be sufficient to ensure the reliability of clearing and settlement.

section 4 of the clearing rules of the clearing house shall be drawn up and kept available to the public the operation of the rules, which contain provisions on at least the following issues: 1) what kind of security or other donations will be taken by the clearing and settlement of the clearing house;
2) how and when clearing and settlement will be arranged.
3) how and on what basis the acceptance and withdrawal of the rights of a clearing party;
4) how the transfer of the securities trade or set up the rest of the obligations arising out of the clearing and settlement;
5) the date on which the obligation shall be deemed to permit for settlement;
6.) the manner in which a statement of fulfilment of the obligations to be borne by the community;
7) how obligations are to be fulfilled.
8) how the marginal clearing house;
9) how 3 of the securities referred to in the report and to safeguard the operation of the set;
10) the risk of loss arising from clearing shall be covered by the way;
11) how the settlement activities are organized disorder situations, or when, if the clearing-party code to the clearing party of failing to comply with their contractual obligations;
12) how the parties are responsible for clearing and settlement;
the adoption of the cross-compliance rules decisions 13) how is divided between the Board of Directors and the Managing Director;
14) how to report community monitoring missions are carried out;
15) what specific requirements will be set for the community, which acts as an agent on behalf of the clearing party;
16) what specific sets of a community, that the obligations arising out of the transactions defined by the survey shall be carried out in the community;
17) how to Center a clearing or settlement agent vastapuolena party shall take the clearing and settlement of trades, the order of priority for some of the shops in accordance with the rules of the settlement is not carried out at all of the obligations arising out of the schedule;
18) how clearing can engage in securities lending and repurchase transactions in case of its obligations or clearing some of the security zone, and foreign exchange trading as well as the terms of the settlement, in accordance with the Act on the system;
19) which law applied to the settlement activities;
20) what are the conditions for the settlement of the administrator of the other;
21) how the rules changed and the change shall be notified to the parties to the settlement agent.

section 5 of the statement of the rules adopted by the community, on application by the Ministry of Finance of the clearing house. The rules must be laid down, if they are adopted on the basis of the provisions of this law and in accordance with the provisions and, on the basis of a report and, if obtained can be considered that it is likely that they will ensure the reliable operation of the clearing house.
The application is to be resolved within three months of the date of its receipt, or, if the application has been incomplete, of the applicant for the necessary documents and information. The decision is, however, always be made within six months of the date of receipt of the application. The Ministry of finance, is the strengthening of the rules on the application of the Bank of Finland prior to the request and the opinion of the financial supervision. If the activities of the Community shall include the value of securities in the book-entry system that are attached to the statement of activities, statement is, if necessary, request the Security Centre, as well as the relevant stock exchange or securities as part of in order to ensure the compatibility of the rules of the multilateral trading and to strengthen confidence in the securities markets.
The Ministry of finance may, in order to strengthen confidence in the operation of the clearing house, or other event is why the content of the provisions of the order by the Commission in the rules to be changed, or the national air and Space Museum. The Ministry of finance, before the order is issued to request the opinion of the case of the Bank of Finland and financial supervisory authority. If an important public interest in the Organization and operation of the Clearing House requires a statement of rules or due to the rejection of the application for the change or for any other reason laid down, the Treasury Department may impose a settlement.
Chapter 4 central counterparty (12.4.2013/256), section 1 (12.4.2013/256) of the Finnish central counterparty of the concession and control structure of the central counterparty market operator referred to in paragraph 1 of article 22 of the regulation on the licensing authority is the Ministry of finance. The role of central counterparty activities as the control of the financial supervisory authority, the competent authority provided for in article 50 of the law on Financial control (d). The conditions for the initial authorisation and central counterparty procedures provides for the structure of the market operator-14 to article 21 of the regulation.

section 2 (12.4.2013/256) on the functioning of the central counterparty activities central counterparty provides for the structure of the market operator.

section 3 (17.10.2014/827) agreements on the side of the central counterparty configuration section in the event of insolvency


The structure of the market operator in accordance with article 48 of the regulation-agreements on the side of the central counterparty to customers of the assets in the configuration section and the transfer of the contracts to the configuration section of the configuration section can be carried out on the first side of the bankruptcy, the company, the activities of a deposit Bank and the rest of a temporary suspension shall be subject to such a procedure, without prejudice to compare.

4 – 6 of the section has been repealed from 4 to 6 L:lla 12.4.2013/256.
section 1 of Chapter 5 of the clearing party shall mean the granting of the rights of a clearing party shall grant the rights clearing house, Suomen Pankki, the stock exchange, as well as a financial service provider: 1) that has a fixed place of business in Finland;
2) in this Act, that meets the clearing party, provisions adopted pursuant thereto, as well as a statement of the requirements laid down in Community rules;
3) who agree to be bound by the rules of the clearing house;
4) whose participation report the activities of the community is not likely to jeopardise the achievement of the activities or the reliability of the rest of the operation of the clearing house; and the proportion of the share capital 5), capital or other capital is at least EUR 730 000.
Analysis of the situation in the community, the rights of a clearing party shall also be granted for: 1) to the investment service provider in Finland required the authorization of the authority responsible for the authorisation in the European economic area to which the foreign investment service provider, which does not have a permanent establishment in Finland and which fulfils the conditions laid down in paragraphs 2 to 5 of article;
2) amounts paid pursuant to paragraph 1, which satisfies the conditions laid down in paragraphs 2 to 5. (12.4.2013/256)
Statement of the Ministry of finance, the conditions imposed by the community may be granted the rights of a clearing party for the rest of the paragraphs 2 to 5 of the conditions for the advisability of and risks associated with controlling enough filling in the Finnish or foreign to the community. The conditions laid down by the Ministry of Finance shall require that the applicant, the Community shall provide a statement of the community with those explanations, mutatis mutandis, to similar studies, which is the investment services act, Chapter 3, section 1 of the Ministry of finance, and pursuant to the regulation, to be accompanied by an application for authorisation as an investment firm.
The terms of the Ministry of Finance prior to the decision referred to in paragraph 3, requested the opinion of the Bank of Finland and financial supervisory authority.
The Ministry of finance, regulation is necessary in order to give more specific requirements for the provisions of the clearing party.

section 2 of the withdrawal of the rights of a clearing party and referred to the decision of the financial supervisory authority, the clearing house is to be withdrawn in whole or in part, the rights of a clearing party if the party no longer complies with article 1 of the requirements laid down in accordance with it, or if the financial supervision in order to strengthen confidence in the securities markets or for any other reason, particularly if they so decide.
Analysis of the situation in the community on the status of the clearing party shall notify its decision to the Ministry of finance and Financial control. The role of the clearing party, the onus of the community, as well as the rights of the community, which has been revoked, is entitled to enforce 1 section 1 (3) of this section and the analysis of the situation in the community as referred to in sub-section 1, the decision of the financial supervisory authority within 30 days of the decision. The financial supervisory authority shall notify the clearing of the date on which the matter was referred to it.

section 3 (12.4.2013/256) entail the obligation to apply for such a clearing house, or clearing member party to the central counterparty, which defined the obligations arising out of the transactions are carried out on a regular basis a statement of the community and the operation of which can be significant in terms of the stability of the financial market, said a statement of the rights of a clearing party shall apply in the community.

section 4 of the security of the clearing of the clearing party shall ensure that there is no risk of the clearing parts of the loss of the community's activities in the field of performance without counterpart. Clearing shall not be filled or an obligation relating to supplies of remarks to the side of the varmistumatta the fact that this has met its own obligations to trade or transfer.
The implementation of the clearing house may be clearing and settlement to open a bank account in their own names but on behalf of the financial resources of Finland, foreign Central Bank, deposit in a Bank, a credit institution or its foreign branch in such a way that the account is received and shall be paid to the performance of these customers, as well as clearing and settlement agent and the customers in the future. Such funds are not part of the statement to the community, and they must be regarded as a statement of the accounts of the community, apart from a statement of the Community funds. The clearing house is to keep up-to-date records of who funds belong to.

section 5 of the clearing party shall mean the obligation of ensuring the control of transfers of securities, the client has the financial resources, retention of the investment services act, Chapter 9, section 1, of the Act on book-entry accounts 9 or in accordance with section 16 of the posting or otherwise sufficient care must be taken to ensure that the transfer of trade resulting from the performance of the work or other obligations or securities delivery obligations can be met in accordance with the rules of the clearing house.
If any delay in the supply of trade or clearing-party code to the clearing party as is in the case of serious breach of regulations, rules or to fulfil its obligations under the rules of the clearing house and for settlement the securities or any other form of transfer, cannot be settled in accordance with the rules of the terms and conditions, or the clearing house, the clearing party shall, if required, to pay the compensation or damages as a result of the clearing of the delay, the delay. The clearing party shall on demand pay the damages or delay the settlement of the compensation of the delay to the community, if the community is to take the responsibility, according to the trade or transfer.
Explanation of the rules for the compensation community. The obligation of compensation for damage provided for in section 7 of Chapter 8.

section 6 of the clearing house and the clearing member of a clearing party lien for settlement to give security in accordance with the rules of trade-related, the Clearing House to guarantee the fulfilment of the obligations set out in a statement of the value of the share in the community of the lien, which is the trade of non-recorded statement shall mean the community, or the value of the investment on behalf of the service provider, for the consideration of the accounts, the law on section 16 of the book-entry: kaupintatilille. Clearing may the lien, if the value of the units of the community has completed the payment or assumes responsibility for it.
Remarks on the side of a lien or a party-party to the investment represented by the service provider on behalf of kaupintatilille-posted on behalf of the customer's value share in the fulfilment of the obligations arising from the guarantee, if the value of the shares to the clearing party for payment has passed.
If the same value of shares is at the 1 and 2 of subsection 1, the right to a lien, may be submitted by the holder of the right in accordance with paragraph 2, the satisfaction of the holder.
If a pawn in the property, the obligation referred to in paragraph 1 or 2 are neglected, the implementation of the change may be submitted by the holder of a lien statement pledge of assets into cash. If a pawn is a regulated market the securities to trading or the financial instrument, the financial instrument of the securities can be converted into cash or a regulated market or a multilateral trading system. Cash change can also be the holder of the right to otherwise depart from the provisions of the law, restricting the pledge if not unduly compromise the debtor's other creditors in the event of the owner, a lien or interest. Rahaksimuuttamisoikeus is also in the event of a clearing on the side of the service provider, which is the clearing party fails to fulfil its obligations under the selvitettävästä trade.
What is the value of the kaupintatilille posted in this article is to be applied to share, and you are not satisfied with the value of the security or financial instrument, which has been handed over to the clearing house, or clearing member over the trading of securities or financial instruments for the purpose of the survey.

section 7 of the procedure for the application of the provisions of the investment services, clearing the way for half What investment services law provides in Chapter 7, section 10 of the management of conflicts of interest and of section 11 of the personal transactions, Chapter 9, section 1 of the investment firm from the obligation to keep client funds separate from, as well as article 7 of Chapter 10 of the processing of orders, also applies to the settlement agent.
What of the Finnish securities market Act, chapter 14, section 5 of the misuse of the service provider on the market provides for the obligation of the investment and what the chapter 16 section 3 provides for the obligation of compensation, also applies to the settlement agent.

section 8 of the financial supervisory authority, the financial control may provide more detailed provisions on the määräystenantovaltuus: 1) of the conflict of interest situations as referred to in sub-section 1, management practices;
2) 7 of the article for personal transactions;
3), paragraph 7, of the implementation of the mandates referred to in paragraph 1, the procedure to be followed.

Financial supervisory authority shall, if necessary, more detailed provisions in section 4 of the report referred to in paragraph 2 of the accounts opened by the community on the marketing and the customer in the customer funds separate from the small clearing and settlement, as well as section 7 of the notice referred to in subsection 2 of the misuse of the content market, and on the way in.
(III) the PART of the book-entry SYSTEM Chapter 6 in the book-entry securities system, section 1 of the value of the share is not given in the stock records, promissory note, or anything else the right to existence and the value of the content of the paper. The value of the units are not numbered.
What is the value of paper otherwise provides, shall apply by analogy, mutatis mutandis, to the value of the contribution.

section 2 of the book-entry securities accounts to the value of the shares, as well as the rights and limits must be recorded in the book-entry securities accounts, which are considered to be in the book-entry in the registry. The book-entry securities accounts provided for in the Act on book-entry accounts.
What is the value of the paper and the disposition of the share, the value of the record shall apply by analogy to the book-entry account of the Subscriber.

section 3 Lists the value of the securities of the issuers of the shares of the owners of the following shall be considered on behalf of liikkeeseenlaskijakohtaiset-partner lists, and other similar lists of securities owners: 1) stock or other equity share in the community or in connection with the dividend, interest or other yield-the right or rights;
2) (1) and (2) the combination of the rights referred to in paragraph 1;
3) Fund-share or be treated as UCITS units.
In the book-entry system of the value of the shares of the owners of the following is considered the lists of the Security Centre: 1) share a bond, or to an officer of the debtor's claim, what passes for a share or interest or other income that is associated with the commitment of the law;
2) (1) and paragraph 1 of the rights referred to in paragraphs 1 and 2, for the purchase or sale;
3) other than the above, which is based on a contract or commitment.
The Security Center is also considered to be the value of the units referred to in paragraph 2, a list of numbers.

Article 4 of the Tilinhoitajan grant of rights, the rights of the central securities depository shall be granted tilinhoitajan the State of Finland, Finnish Bank, the Central Bank of another EEA State, the Act on trading in financial instruments to the stock exchange, the statement of the amounts paid pursuant to the investment community and the Centre, as well as a service provider and the clearing of: (12.4.2013/256) 1) whose action meets the technical requirements necessary for the operation;
2) which can be justified on the basis of prior or otherwise considered to have met the mission with the necessary legal expertise and ethical standards;
3) whose activities do not compromise the value of the system and in the book-entry register of reliable and appropriate action;
4. the proportion of the share capital, capital), or any other similar capital is at least EUR 730 000. and 5) which satisfies the other requirements laid down in the rules of the central securities depository.
The central securities depository shall also be granted for the investment service provider in Finland tilinhoitajan rights required the authorisation of another EEA State corresponding to the authority for the provision of the foreign investment service provider that meets the requirements set out in subparagraph (1).
Security Center may be granted the rights to the community tilinhoitajan, which works with the other, and which meets the requirements laid down in paragraph 1.
Security Center may be granted under the conditions imposed by the rest of the State, the Ministry of finance, tilinhoitajan rights, the rest of the non-EEA State, the Central Bank, the persons referred to in section 17 of Chapter 2 in the community as well as to the rest of a foreign community, which meets the requirements provided for in subparagraph (1).
Security Center may be granted under the conditions imposed by the Ministry of Finance of the tilinhoitajan rights for the rest of the paragraph (1), (3) and (5) all types of tyres meeting the requirements provided for in the community in such a way that the Community shall have the right to make entries in the book-entry register only on their own account.
The measures referred to in subsection (4) and (5) the conditions laid down by the Ministry of Finance shall require that the rights of the owners of the company applying for the tilinhoitajan can be considered to be reliable. The assessment of the reliability of the investment services act, Chapter 3, section 4.

section 5 of the Tilinhoitajan for the granting of rights of way to solve the issue of securities is to be resolved within six months of the tilinhoitajan on the rights of the application from the date of its receipt. If the Security Center during this time seeks supplementary information from the applicant, the said period shall be calculated from the date on which the Security Center to receive more explanation.
When making the Tilinhoitajien of the central securities depository shall comply with fairness.
Security measures must be communicated immediately to the Centre tilinhoitajan of its decision to the Financial control. Tilinhoitajan rights, the onus of the Community shall have the right to bring the matter to the Financial control of the central securities depository of the decision within 30 days of the notification of the decision. The financial supervisory authority shall inform the securities in the financial control of the matter.

section 6 of the Tilinhoitajan withdrawal of the rights of the securities is to be withdrawn tilinhoitajan rights, if the account manager no longer satisfies one of the 4 of the conditions laid down in paragraphs 1 to 4, or if the value of the share of the financial control system in order to strengthen confidence in the event or for any other reason, so decides.
The Security Center can cancel tilinhoitajan rights in whole or in part, if: 1. the operation of the law is essentially a breach of) tilinhoitajan, or the legal or regulatory provisions adopted pursuant to the decision on the rights of the tilinhoitajan, any conditions or restrictions which have been included in the value of the securities or of the rules;
2) account manager has not worked in the last six months;
3) tilinhoitajan all or part of the activity is not started within 12 months of the grant of the rights; or 4) has been substantially when applying for the rights of the false or incomplete information on the key aspects of the operation of the tilinhoitajan.
When permissions are revoked, the action moves to the tilinhoitajan by posting immediately to the Security Center. The central securities depository shall, without delay, to ensure the cessation of operation of the tilinhoitajan posting.
The value of the securities must provide for the remission of a decision notified without delay to the rights of the tilinhoitajan Financial control. Tilinhoitajalla, whose rights have been revoked, is entitled to enforce the decision of the financial supervisory authority, the securities of the Centre within 30 days of the notification of the decision. The value of the securities, which have been referred to the financial supervisory authority, is responsible for the time being in force, in spite of the treatment subject to financial supervision or the issue in other parts of the financial regulation, provides otherwise. The financial supervisory authority shall inform the securities in the financial control of the matter.

section 7 of the Tilinhoitajan rather than the withdrawal of the rights of the security restrictions on the operation of the Centre may restrict tilinhoitajan activities, if it can be considered as a sufficient measure.
The Security Center can restrict the amount of tilinhoitajan activity tilinhoitajan activity for, if it is found to the incompetence or varomattomuutta, or if it is obvious, that in the book-entry system tilinhoitajan hazard or book-entry registry operations or the investors ' interests.
Section 6 provides the decision on the revocation of the rights of the tilinhoitajan, is subject to the decision on the limitation of the rights of the tilinhoitajan.

section 8 of the security services provided by the Centre for the tilinhoitajana when the value of the account tilinhoitajana is the Security Center, under section 3 of the value of the shares as referred to in sub-section 1, the owners of those accounts in the name of the value of the share of the costs of those non-securities issuers.
Security Center may, however, charge the account holder, the account of a registration of the compensation and the value of the Declaration, which is due to the transfer of this section on the book-entry account referred to in the second tilinhoitajan in the treatment of the value of the portion of the account, the pledge, the value of the donation or contribution to the accounts of the law on the measures referred to in article 5.
The costs incurred in the marketing of the book-entry securities accounts can be used in the manner set out in the rules of the central securities depository and the account as agreed in the contract, however, charged to the account holder, or owned by other than natural.
The value of securities in the book-entry account is open to anyone who will agree to be bound by the account in the book-entry account agreement and carry out related to payment and other obligations.

section 9 of the Audit of the accounts of the Fund Tilinhoitajalle the Act on book-entry securities as provided for in order to ensure the fulfilment of the liability is to be set up by the Government Securities Fund (posting).

section 10 of the secondary responsibility of the tilinhoitajan of the eligible damages if the account manager is unable to book-entry securities accounts, the obligation laid down in the Act on compensation for damages, vahingonkärsineellä have the right to be reimbursed for posting. In this case, the right to charge for the posting accounts the amount of the compensation fund has so far, which is responsible for carrying out the compensation.

Article 11 of the deposit


The security of payments to the Fund shall be carried out in the posting Tilinhoitajien. The posting rules of the Fund, it may be provided that the Finnish State, the rest of the State, the Bank of Finland and the foreign Central Bank shall not be obliged to carry out the guarantee fees. Security charges shall be collected for posting to the Fund so that the posting of the Fund's capital is at least 0.0048 per cent of the book-entry system over the past five years, the total value of the shares which have been stored at the fair value on the basis of the average of a minimum of EUR 20 million.
Tilinhoitajien the security charges shall be carried out in such a way that the person liable for the proportion of the fees for each of the tilinhoitajan is responsible for posting the posting rules of the Fund, its contribution to the Fund to be covered määriteltävällä way. Security charges shall be based on the value of the number of entries in the book-entry system, the amount of the value of the euro, as well as the number of these posting-the fair value of the shares. The calculation of the payment shall be the same for each of the posting rules of the määriteltävälle vakuusmaksuvelvollisten tilinhoitajien of the Fund group.
By way of derogation from article 1, the tilinhoitajan, who will be posting as a member of the Fund after the Fund's capital is the minimum provided for in subparagraph (1), it is accumulated in the Fund shall be carried out in advance of joining three% of the Fund's capital the minimum amount. A deposit for the benefit of the advance shall be counted when deciding on the tilinhoitajan in accordance with article 12 of the tilinhoitajan deposit.

Article 12 determination of Posting a deposit of the Fund and the management of the Fund rules of posting every six months, in the manner set out in the Fund guarantee charges, the minimum number of resources of the Fund and to be collected for each of the posting of the person liable for the amount of tilinhoitajan deposit.
The financial resources of the Fund shall be placed in a safe posting and posting are safely taken care of the liquidity of the Fund. The posting of the Fund's financial resources must be added to the Fund's return in the capital after the posting of the proceeds after deduction of costs, the necessary administrative expenses. The posting of the Fund's financial resources may not be investing in real estate or a share or other security, which alone or jointly with others, in accordance with the law of securities with the manage apartments or real estate.
A deposit of means: the tilinhoitajalla is the right to change the rules of the Fund in the manner of the posting will guarantee as payment for the completed the asset to another. In this case, the holder of the share of the contributions, however, must not be reduced.
If the damaged party, carried out under the Fund's private equity compensation, or section 19 of the act as a result of the refund referred to in article 11 (1) reduced regulatory capital, the capital is to build up again to an amount within three months of the payment of the compensation or refund.
The posting shall be weighted as laid down in the rules of the Fund can take credit for, if its assets are not sufficient to cover the liabilities of the Fund.

Article 13 of the Fund's administrative rules of the Fund, and Posting the journal rules to strengthen the application of the Treasury.
Those rules shall in particular: 1) the name and address of the Fund;
2. the operative event for the Fund's replenishment of the deposit the fees to be collected);
3 the total amount of the fees to be collected for the Fund) guarantee the security of the person liable for payment of the amount of replenishment and tilinhoitajan in order to end the procedure;
In addition to the cash collateral payments 4) eligible assets, as well as the principles for the valuation of the items;
5 the procedure for the way in which the Fund is carried out);
investment in the Fund, and the Fund 6) borrowing the guiding principles;
the criteria for the payment of the annual income of the Fund 7) and to restore the vakuusmaksuvelvolliselle tilinhoitajalle of the Fund's assets;
the financial year of the Fund, 8);
9) approved the number of Auditors or audit firms, the choice of method and the term of Office;
10) the way in which the rules are changed, and the change will be announced.
The Fund, run by the Government for the management of the central securities depository, as laid down in the Fund rules.

section 14 of the Posting of the Fund's obligation to pay if the account manager for which it is responsible under the book-entry securities accounts, according to the law on the compensation of the injured party to obtain clear and common ground, the injured party may bring the matter to the attention of the financial control.
The financial control is within a period of 21 days of the notification referred to in subparagraph (1) or otherwise, for the victim to decide whether or not the posting of the Fund to be carried out. The imposition of the duty of performance is subject to the condition that the failure of the receipt referred to in paragraph 1 without has been due to the bankruptcy or liquidation or tilinhoitajan to set it from the rest of the inability to pay, according to the financial supervisory authority, which is not temporary, and with adequate information.
The financial supervisory authority has to give notice of the decision referred to in paragraph 2, the Ministry of finance, tilinhoitajalle and posting to the Fund.
The implementation of the decision of the financial supervisory authority, referred to in paragraph 2 and the individual compensation decisions relating to tilinhoitajan is bringing about disparities, if necessary, submit a posting to the Fund and the financial control of the data of all the rights holders that have been posted to the account referred to in paragraph 1 and of the claims.

Article 15 of the damaged party, to be reimbursed to the claims for the same shall be paid to the injured party in the same posting from the resources of the Fund as compensation for the tilinhoitajalta to be the compensation amount, up to a maximum of EUR 25 000. Posting an event related to the Fund's obligation to the same injury damage does not exceed EUR 10 million.
Natural persons bringing about disparities in the compensation fund before any other journal.
The compensation payable to an injured party shall be calculated according to the date on which the fair value of the financial supervisory authority made in accordance with section 14 (2) of the decision, or the date on which the account manager was placed in insolvency proceedings, depending on whichever is the earlier. Compensation shall be paid to the right of an injured party, with the full tilinhoitajan held by the claims. If the compensation is a number of yhteisomistajia, each will be taken into account for the calculation of the yhteisomistajalle of compensation an injured party.
As a result of assets acquired in the transactions in connection with which the injured party or its representative has been sentenced to punishment of the Penal Code (39/1889) 32 Chapter 6 – 10, in accordance with article, cannot be replaced by the posting of the Fund.

section 16 of the payment of compensation to the victim of the posting of the Fund shall pay the claims without undue delay, but not later than three months after the date referred to in section 14 (2) of the decision of the financial supervisory authority. If the account manager is the before section 14 of the decision referred to in paragraph 2, placed in special liquidation, liquidation or bankruptcy, shall be calculated on the amount of time the liquidation, liquidation or bankruptcy of the bet is placed. The liability for compensation is to be paid the interest Act (633/1982) in accordance with article 4 of the interest from the date on which the financial supervision has made this law, article 14 of the decision referred to in paragraph 2.
Financial supervisory authority may, for a special reason to grant an additional period to pay for the assets of the Fund for victims of the posting does not exceed three months. However, the Fund received from the time of posting, in spite of the additional compensation without delay, if the delay in the payment of compensation would be a way for the compensation.
If the Fund is not replaced the injured party to obtain, within the time allowed under subsection 1 or 2, the damaged party has emerged, which the injured party has the right to require the posting from the Fund.
If the injured party or its representative is wanted on 32 of the Penal Code in Chapter 6 – an offence under section 10, the Fund may, notwithstanding the provisions of paragraph 1 and 2, defer payment of the fee, the Court of Justice in case to make a decision.

section 17 of the Posting to the posting of the Fund's obligation to the Fund shall be given in writing to the information referred to in section 14 (2) of the decision of the financial supervisory authority for all the relevant tilinhoitajan to customers. In addition, the posting of the Fund by public notification shall report on the measures to be taken in order to secure the amount of injured parties. Notice shall be published in the tilinhoitajan domain has been listed in the major daily newspapers in the official languages of the region.
Posting the Fund may impose at least a six-month time-limit within which the victim must take measures in order to secure receivables. The time limit to be exceeded due to the damaged party, and refuse to pay compensation does not, however, be, which has been pressing an obstacle to the implementation of their rights to control the notes and bonds.

section 18 of the Securities Settlement Fund from the requirement to establish a settlement Fund provided for in section 3 of Chapter 3 of the workers ' Statute provides for it.
Posting with the permission of the Ministry of finance, the Fund and the statement of the Fund can be used to promote sound and efficient financial management, combined into a single fund. Mail merge does not lead to a reduction in the value of the paper's responsibility for the security of the various funds using kantokykyä and the judgment of the obligation to pay may increase it, what it would be when the funds are separate from the.

section 19 Posting a deposit of the Fund and the proportion of funds that has carried out the tilinhoitajan can be read at tilinhoitajan. Tilinhoitajalla does not, however, have the right to claim a share in the posting that the Fund itself and not to disclose it to another other than a case referred to in paragraph 2.

If the action is discontinued, the posting in the manner set out in the rules of the Fund is, upon request, the relative share of the amount of the Fund to restore the tilinhoitajalle it, which it has carried out the Fund. The recovery can be done at the earliest, when the obligation to pay the termination of the operation that caused the expiration of a period of three years.
The activities of the holders of the right to compensation for the injured Tilinhoitajan are posting within the protection of the security of the Fund's return of the payments until tilinhoitajan. The proportion of the capital of the Fund to be repaid does not include and cannot be used as a tilinhoitajan for the payment of compensation claims arising after the cessation of the activity.

section 20 of the matter to the Financial control of the Tilinhoitajalla the right to apply to the decision taken by the Fund under this Act for the posting of the financial supervisory authority within 30 days of the notification of the decision.
Chapter 7 the security and financial instrument into the book-entry securities system, section 1 of the Shares, the shares and mutual fund shares in the Finnish company, which issued shares are admitted to trading on a regulated market as referred to in the Act on trading in financial instruments to the regulated market, shall be accompanied by their shares into the book-entry system.
What the first paragraph shall also apply to the Fund, to be managed by the Fund's shares in the company and to the cooperative, more shares or investment shares, which are admitted to trading on a regulated market as referred to in the Act on trading in financial instruments to the regulated market concerned. The Fund's shares into the book-entry system shall be subject to the otherwise, what is provided for in Chapter 10 of the laws of the investment fund.
The rules of the central securities depository, it may be provided that also the other than as referred to in sub-section 1 of the company's share of the Finnish limited liability can be attached to the book-entry securities system. The append procedure must comply with this chapter and the provisions of Chapter 4 of the Finnish companies act. The procedure shall determine in more detail the rules of the central securities depository. Shares or share which, alone or jointly with others, with the issue of shares in accordance with the right to manage apartments or part of the property, does not, however, be connected to the book-entry securities system.
Financial supervisory authority may, for a special reason, grant a derogation from the requirement referred to in paragraph 1 and 2 of the financial instruments in the book-entry system.

section 2 of the number of securities and financial instruments of the issuer of the securities, on application by the Centre may accept other security or financial instrument as referred to in article 1 of the share, the share of the contribution or investment funds, to be included in the book-entry system. The central securities depository shall, prior to their decision, notify the Bank of Finland and financial supervisory authorities to carry out their functions in terms of the legal material on the application.
In its decision, the central securities depository is to determine the point in time at which the security or financial instrument can be connected to the book-entry securities system. Security Center can provide more detailed provisions in its decision in the book-entry system of the information and the procedure for registration of the notes when the security or financial instrument to be attached to the book-entry securities system. Before taking a decision on the value of the securities, it must be ensured that the issuer is satisfied with one or more of the tilinhoitajan agreement or otherwise, that all the owners of the value of a security or financial instrument is able to get the rights to the book as the book-entry securities system.
From the date referred to in paragraph 2, the value of a financial instrument, or the owner or his representative can apply for the recognition of the ownership of the issuer of another undertaking designated by the tilinhoitajalta. The applicant shall surrender the security or any financial instrument tilinhoitajalle and prove that he is a promissory note (622/1947) or security deemed equivalent thereto in accordance with the provisions of the right to impose or financial instrument. Tilinhoitajan must be recorded in the security or financial instrument in the book-entry account indicated by the applicant in accordance with the Act on book-entry accounts.
Tilinhoitajalle released for security or financial instrument must be equipped with a label to its inclusion in the book-entry system.
The Ministry of finance, regulation can be adjusted more precisely the date after which the issuance and trading of financial instruments within the meaning of the Act to be admitted to trading on the regulated market of the securities or financial instruments shall be accompanied by the book-entry securities system.
What is the financial instrument for this article, apply by analogy to section 3 of Chapter 1 of the endorsement of the financial instrument of the right referred to in paragraph 1.

section 3 of Foreign securities in the securities Center can be attached to the book-entry securities system, Chapter 2, in the case referred to in article 17 of the foreign establishment of a foreign security or to keep the current system, based on foreign law, or. The value that you assign to the shares of the securities or rights shall be recorded in a foreign system security center and a foreign body on the basis of an agreement between the central securities depository account or a distinction must be made between the value of the units in any other way for the owners. The value of the units that are attached to the amounts of securities shall be separated by a foreign institution, or. The value of the shares in the book-entry system can be connected to this law and the law on the book-entry securities accounts, without prejudice to the provisions relating to the issuer. The append procedure shall lay down the rules of the central securities depository.
The Security Center can accept the application by an issuer of a foreign security or any or the right to append to the book-entry securities system. If the value of the share of the audit to be a proof of the proof of the right in the context of the annexation, and to invalidate the Security Center is to ensure that the proof of the value of the unit are not circulation at the same time. The same is true of a foreign security or entitlement that is attached to the book-entry securities system. Before the inclusion of foreign securities in the book-entry system of the central securities depository is able to ensure that the connection and the value of the shares into the book-entry system can be reliable and appropriate to the activity and investor protection. The append procedure shall lay down the rules of the central securities depository.

Article 4 of the Liikkeeseenlaskutili when you paste in the book-entry securities register is open liikkeeseenlaskutili.
Liikkeeseenlaskutilille must be recorded in the data that would be according to the law, a significant proportion of the value of the value to be given to the package, as well as the number of issued to be calculated. Above, Chapter 6, section 3, subsection 2, of the value of the units referred to in paragraph 1 is in addition to the due dates, the length of the potential liikkeeseenlaskutilille significant collateral, the interest rate you pay on the loan, or any other credit, repayment of the loan and other relevant terms, as well as how the terms of the loan shall be considered available to the public.
Section 3: the value of the share referred to in paragraph liikkeeseenlaskutilille is important to the book-entry securities system accompanied by a number, the value of the identification of the foreign as well as the type of the data value contained in the law, the information referred to in section 17 of Chapter 2 in the foreign institution where the value-the value of the paper to the right of, or maintaining, or information on where to find the basic information concerning the value of the paper are available, as well as the data of the issuer of the security.

section 5 of the Securities and the removal of a financial instrument in the book-entry system of the Finnish central securities depository can be deleted in the book-entry system attached to the application by the issuer of the Securities and financial instruments, provided that the value of the Securities and financial instruments, the rights holders are not prejudiced.
The Security Center can remove the book-entry system of the Securities and financial instruments that are attached to it, on its own initiative, if the issuer is insolvent or is in breach of the obligations relating to the book-entry system, or the rest of the event for a reason and something that, provided that the value of the Securities and financial instruments, the rights holders are not prejudiced.
The central securities depository of securities and financial instruments is the removal of prior to the book-entry system presented in this section to the financial supervision of the fulfilment of the conditions referred to in the statement above. Securities or financial instruments may be removed from the book-entry system before the financial supervisory authority has announced that it had no objection to deletion. The financial supervisory authority has to deal with the Security Agency's report within three months of its receipt.
The value of the financial instrument for the Elimination of the paper and the book-entry system shall determine in more detail the rules of the central securities depository.
What is the financial instrument for this article, apply by analogy to section 3 of Chapter 1 of the endorsement of the financial instrument of the right referred to in paragraph 1.
PART IV MISCELLANEOUS Chapter 8 miscellaneous provisions § 1 Management registration


If the value has been posted for the value-share accounts in section 5 (a) of the Act on the account referred to in section 16 of the said law or in kaupintatilille, referred to in this Act, Chapter 6 of the list referred to in paragraph 3 of the owner instead of a major nominee. The list can be used instead of the owner of the mark the nominee, even when the value of the asset is owned by a foreign national or a foreign corporation or Foundation. The management of the registration of the holder of the account or can act as kaupintatilin as Manager of the central securities depository, account manager, or the rest of the book-entry accounts on the article 3 (5) (a) of the laws of the community, which can be obtained the right to operate the account.
A holder of nominee registered shares or other section 3 of Chapter 6 of the value of the shares on the basis referred to in paragraph 1 cannot be used as the value of the issuer of the proportion of the other owner as the owner of the rights of the law-to raise funds to convert or change the value of the share and to participate in the stock or other securities issue.
Management of registration, it shall, upon request, communicate the value of holdings in the financial monitoring of the actual name of the owner, if known, and the number of securities owner. If the value of the actual name of the owner of the shares is not known, the operator shall be responsible for the management of the registration information on behalf of the owner of the only thing a man and written assurances that the value of the true owner of the shares is not a Finnish or a community, or the Foundation. The information in section 3 of Chapter 6 of the value referred to in sub-section (1) of the shares shall also be made available upon request to the issuer. The owner of the section 17, Chapter 2, acting on behalf of the institution, however, is not required to provide a written assurance, where the question is section 3 of Chapter 6 of the value of the shares referred to in paragraph 2.

section 2 of the secrecy with Which tilinhoitajan, or the ownership of the central securities depository, the consolidation of the community, the financial institution that is part of a group or as a member of the Association or institution making a member of or while carrying out the mandate of the task has got to know the value of the owner, the financial position of the issuer or any other person or personal conditions of, or commercial or professional secrecy, shall be obliged to keep it a secret, unless it is provided for the benefit of, the consent to its disclosure. Confidential information must not give tilinhoitajan or the value of the securities to the annual general meeting or a meeting of the general meeting of the shareholders of participating in and contribution to the owner. In article 1, and other data, which are referred to in the value of the issuer is in that capacity in respect of the obligation of confidentiality shall apply to an issuer, also received the institution's members and alternate members, its personnel or on behalf of the tasks.
That statement shall mean the community, or, Chapter 2, section 21 of the Act, as a member of the Community institutions referred to in or making a member of, or the person has been informed of a security of the issuer or any other person that the circumstance of the financial position of the undisclosed circumstance or the private, commercial or professional secret, the don't get it free, or otherwise disclose or use, if it is not provided for or specified in the appropriate order, the ilmaistavaksi, or in the absence of it, which is provided for in the , consent to its disclosure.

section 3 of the disclosure on the side of the Tilinhoitajalla, clearing, clearing, management of registration administrators, and, for the Security Agency, the ownership, the community, the financial institution and the consolidated Group of the Consortium is the duty of the article 2 Notwithstanding the provisions referred to in the book-entry account of the other and the owners of the information on the book-entry securities authority, which is under the law, the right to receive such information. The obligation to provide information to the Court provided for in chapter 17 of the code of judicial procedure. The book-entry securities accounts and the value of the shares of the owners of the information laid down for the transmission of tax separately.
Tilinhoitajalla, remarks on the side, clearing, management of registration administrators, and, for the Security Agency, the community and the consolidation of the financial institution has the right to give the information referred to in subparagraph (1), notwithstanding the provisions on secrecy, in the same group, the consolidation group or the Act on the supervision of financial conglomerates (699/2004) of the community of the financial conglomerate referred to in customer service and customer relationship management, marketing as well as the consolidation of the group or the group or financial conglomerate in the risk, if the members of the administrative bodies and officers section 2 conditions of professional secrecy laid down in or similar. What is mentioned above in this paragraph does not apply to the transmission of data subject, the personal data Act (523/1999), any sensitive data referred to in article 11.

section 4 of the knowledge of the value of the securities of the client and tilinhoitajan, as well as the consolidation of the financial institution shall be familiar with the client. Tilinhoitajan and the central securities depository, as well as their financial institution shall, in addition to the consolidation of the group to identify the beneficial owner and the customer, which works on behalf of the client, as well as, where appropriate, shall verify his identity. The obligation laid down in subsection (2) of the filling can be used in systems. (8.8.2014/625)
Tilinhoitajalla and the consolidation of the financial institution as well as the Security Agency must be sufficient to riskienhallintajärjestelmät, where they can assess clients for their activities.
In fact, the customer provides, in addition to the prevention of money laundering and the financing of terrorism and how to determine whether the Act (503/2008).

section 5 (7.8.2015/945) in the Ministry of finance, the Ministry of finance decision of appeal under this Act to give the decision may be appealed to the Helsinki Administrative Court. The administrative court decision may be appealed to the administrative law (586/1996).
If the decision referred to in Chapter 1 of the securities of any authorisation, article 23 of Chapter 2 of the decision of the securities referred to in the rules, Chapter 3, article 1 of the decision referred to in the authorization of any firm or the clearing house, Chapter 3, section 5 of the decision referred to in the statement on the establishment of rules of the community, or in Chapter 4 of the decision referred to in article 1 of the central counterparty of the authorization has not been given within the time limit laid down, the applicant shall be communicated to lodge a complaint. The appeal shall be considered in this case, the appeal against the decision on the application. Such complaints may be submitted, until such time as a decision has been given. The adoption of the decision, the appeal authority must be notified of the Ministry of finance, if the decision has been taken after the conclusion of the appeal. For the rest, the complaint, and the law provides for administrative processing.
L:lla 945/2015 modified article 5 shall enter into force on the 1.1.2016. The previous wording: article 5 of the decision of the Ministry of finance, Ministry of finance, the review of the appeal on the basis of the decision of this law provides for the administrative act (586/1996).
If the decision referred to in Chapter 1 of the securities of any authorisation, article 23 of Chapter 2 of the decision of the securities referred to in the rules, Chapter 3, article 1 of the decision referred to in the authorization of any firm or the clearing house, Chapter 3, section 5 of the decision referred to in the statement on the establishment of rules of the community, or in Chapter 4 of the decision referred to in article 1 of the central counterparty of the authorization has not been given within the time limit laid down, the applicant shall be communicated to lodge a complaint. The appeal shall be considered in this case, the appeal against the decision on the application. Such complaints may be submitted, until such time as a decision has been given. The adoption of the decision, the appeal authority must be notified of the Ministry of finance, if the decision has been taken after the conclusion of the appeal. For the rest, the complaint, and the law provides for administrative processing. (12.4.2013/256) article 6 of the decision of the appeal to the appeal of the financial supervisory authority, the financial supervisory authority under this Act to give the decision provides for the use of the Act and the Financial Administration law, the law on the control of section 73.

section 7 of the damages Which, either intentionally or recklessly causes another injury to this law or the provisions adopted pursuant to the procedure which is at variance with the provisions of, or is under an obligation to compensate the damage caused.
Damages on mediation and the liability sharing between two or more korvausvelvollisen provides for a tort (412/1974), Chapter 2 and 6.

section 8 (12.4.2013/256) of the law on the supervision of the payment of the Financial Penalty under section 38 the provisions referred to in paragraph 2, which provided for the violation or breach of the payment of this Act, Chapter 2, the provisions of article 26 to 28 of the walled garden of the notification and of the structure of the market operator-sisäpiirirekisteristä and 15 of this regulation and to the provisions of article 31 to 38 of the central counterparty.

under section 9 of the Penalty payment


Section 40 of the Act on the financial supervision of the provisions referred to in that negligence or violation is subject to a penalty payment, are: 1) the purpose of this Act, Chapter 2, Chapter 3, article 15, and to the provisions of section 1 of the Finnish central securities depository and clearing organisation of community activities, as well as the structure of the market operator-regulation 16, 26 to 30 and 39-the provisions of article 50 of the organisation of the central counterparty activities; (12.4.2013/256) 2) in this Act, Chapter 2, Chapter 3, section 20, and the provisions of article 1 of the security control centre, and an explanation of the role of the community;
3 section 25 of this Act, Chapter 2) and the provisions of section 1 of Chapter 3 of the personal transaction security features and a description of the community;
4 Article 3 of Chapter 3 of this Act) of the provisions of articles 3, 4 and 5 of the securing of the operation of the clearing house;
5) the provisions of section 4 of this chapter, the customers ' knowledge.
In addition to the provided for in paragraph 1 of the law on Financial supervision of the provisions referred to in article 40 are also mentioned in the provisions referred to in paragraphs 1 to 5 of the rules and regulations.

the implementation of article 10 of Administrative sanctions and the imposition of administrative sanctions, the publication of the financial market and the implementation of the processing of the law in Chapter 4 of the law on the control.

infringement of article 11 of the professional secrecy, the penalty for breach of professional secrecy laid down in article 2 of the condemnation of the criminal code, chapter 38, section 1 or 2 of the Act, unless the rest of the law provided for a more severe penalty.

section 12 (12.4.2013/256) with a report on the activities of the community, the practice of Which unauthorized intentional or grossly negligent action contrary to the provisions of Chapter 3 of the clearing exercise 1 paragraph, must be condemned, if the Act is not limited or in other parts of the Act provide for a heavier penalty pursuit, unauthorized access to the clearing to a fine or imprisonment up to one year.

section 13 of the Securities and the exercise of Which unauthorized intentional or grossly negligent action contrary to the exercise of the central securities depository, Chapter 2, section 1, is to be condemned, if the Act is not limited or other parts of the law provide for more severe punishment for unauthorized Security Agency in pursuit of a fine or imprisonment for a maximum period of one year.

13 (a) of section (12.4.2013/256) the exercise of central counterparty activities That malicious intent or gross negligence on the other hand, the task of performing the central counterparty activities article 14 of the regulation of the market structure of the operator, is to be condemned, if the Act is not limited or other parts of the law provide for more severe punishment for unauthorized access to central counterparty, the pursuit of a fine or imprisonment for a maximum period of one year.

Article 14 of the Financial control of the määräystenantovaltuudet the provisions of the financial control can provide more accurate: 1) as referred to in article 1, the way in which the data value for the identification of the owner and the necessary sections of access information;
2): (1) knowledge of the procedures for the exercise of the client and (2) the meaning of risk management.

date of entry into force of section 15 of this law shall enter into force on 1 January 2013.
This law repeals the law on the book-entry system (826/1991), hereinafter referred to as the repealed law.
If the rest of the law refers to the law of the kumottavaan, or otherwise, of a rule of the law, for the purposes of the annulled it in place of a provision of this Act, which shall apply instead of the rule.
The provisions of the annulled law adopted pursuant to the financial control can be applied for a period of six months after the entry into force of the law, if they do not conflict with the law.
Before the entry into force of this law may be to take the necessary steps in the implementation of the law.

section 16 of the transitional provisions of the central securities depository and clearing house, which is before the entry into force of this law authorized, and analysis of the situation in the community, which is before the entry into force of this law granted authorisation to carry out the clearing operations in Finland, there is no need to apply for a new work permit.
The central securities depository shall bring into force the regulations to meet the requirements of the law and to seek changes in the Ministry of finance, this confirmation of the entry into force of this law within six months.
The central securities depository shall maintain the annulled Act section 13 in accordance with the first subparagraph of paragraph 4, the information systems of the securities market Act, chapter 19, section 7 (1) of the Ministry of finance until the entry into force of the regulation referred to in the paragraph.
Section 26 of this Act, Chapter 2: the value of the securities referred to in section 27: an insider shall be in accordance with the requirements of the law of notification to meet this inner circle-within one month of the date of entry into force of the law. In Chapter 2 of the central securities depository shall bring into force the amount referred to in article 28 of the paper's insider register to respond to the requirements of the law within two months of the date of entry into force of the law.
THEY'RE 32/2012, TaVM 11/2012, the 2012 acts 117/EV, entry into force and application in time: 12.4.2013/256: this law shall enter into force on April 15, 2013.
THEY are 4/5/2013, 2013, TaVM EV 30/2013, the European Parliament and of the Council Regulation (EU) no 648/2012 (32012RO648); OJ No L L 201, 27.7.2012, p. 1-59 7.3.2014/168: this law shall enter into force on 15 March 2014.
THEY TaVM 38/94/13, 2013, PeVL 43/2013, EV 4/2014, the directive of the European Parliament and of the Council of 2011/61/EC; (32011L0061); OJ L 174, 8.8.2014, p. 1/625 after July 1: this law shall enter into force on 15 August 2014.
THEY'RE 39/2014, TaVM 6/2014, EV 62/2014 17.10.2014/827: this law shall enter into force on 1 November 2014.
THEY TaVM 14/114/2014, 2014, EV 100/2014, the European Parliament and of the Council Regulation (EU) no 648/2012 (32012R0648); OJ L 201, 27.7.2012, p. 1-59 7.8.2015/945: this law shall enter into force on the 1 January 2016.
On appeal before the entry into force of this law shall apply to the Management Board on the date of entry into force of this law, the provisions in force.
THEY'RE 230/26/2014 2014, LaVM, EV 18.9.2015/319/2014 1160: this law shall enter into force on the 1 January 2016.
THEY TaVM 34/254/2014, 2014, EV 371/2014

Related Laws