Removing reporting obligations for public manufacturers
Act repealing certain provisions of the Act on Transparency and Reporting Obligations Concerning the Economic Activities of Certain Undertakings
The annual financial reporting obligation of large public manufacturing undertakings to the European Commission will be abolished. The amendment will reduce administrative work for businesses and public authorities.
- Status
- In progress
- Submitted
- 24 Sep 2026
- Latest event
- 30 Sep 2026
- Votes
- 0
- Speeches
- 7
- Source
- eduskunta.fi ↗
What is proposed
Provisions obliging the annual reporting of financial information on public undertakings operating in the manufacturing sector to the European Commission will be repealed from the Transparency Act. The national obligation is being abolished because the corresponding reporting requirements in the EU directive have been repealed as unnecessary. Undertakings will nevertheless retain an obligation to retain their financial data and provide it upon request by the authorities.
What it means
The amendment will enter into force on 1 January 2027 and applies to public manufacturing undertakings with a turnover exceeding 250 million euros, as well as to the Prime Minister's Office, which is responsible for state ownership steering. In Finland, only one company has fallen within the scope of the obligation in recent years, so the practical impact of the proposal will be minimal. However, regular annual reporting work will be eliminated for the company in question and for public authorities.
How Parliament voted
Consideration is ongoing: Parliament has not yet voted on the bill in plenary.
Debate in the chamber
What was argued and where each group stood, followed by MPs' speeches verbatim from the parliamentary record. Speeches are shown in their original language.
7 speeches · 4 speakers · 1 debate
Key points of the debate
The debate addressed the repeal of the annual reporting obligation for public manufacturing undertakings in line with an EU directive. There was consensus on the legislative proposal itself, but the discussion broadened into a debate of principle on deregulation and EU regulation. The National Coalition Party and the Centre Party called for a broader dismantling of bureaucracy to strengthen competitiveness, whereas the Social Democrats stressed the necessity of regulations to safeguard employees' rights and a level playing field.
- Should EU and domestic regulation be dismantled on a significantly wider scale to safeguard competitiveness?
- How can it be ensured, when cutting regulation, that employees' rights and security are not undermined?
- National Coalition PartyIn favour
The National Coalition Party supports the proposal, as dismantling unnecessary regulatory burdens and reporting obligations improves operating conditions for businesses and promotes European competitiveness.
”Muutoksen tavoitteena on keventää yrityksille ja viranomaisille aiheutuvaa hallinnollista taakkaa sekä yksinkertaistaa raportointivaatimuksia.”
— Matias Marttinen - Social DemocratsIn favour with reservations
The Social Democrats consider easing the administrative burden to be a good thing in itself, but emphasise that regulation must not be dismantled automatically, as common rules protect employees' rights and create a level playing field.
”Norminpurku on sinänsä hyvä asia, mutta täytyy muistaa, että normien takana on myöskin sellaisia asioita kuin esimerkiksi työntekijöiden oikeudet ja turva, sen tyyppiset asiat.”
— Lauri Lyly - Centre PartyIn favour
The Centre Party takes a positive view of dismantling unnecessary bureaucracy and encourages the Government and the EU to cut regulation on a much broader scale.
”Toivon menestystä tuolle sanomallenne puheenvuorolle, että saatte unioniin vietyä näitä viestejä, että byrokratiaa purkamalla luomme paljon hyvää.”
— Hannu Hoskonen
This digest was generated by AI from 7 speeches 30 Sep 2026. Group positions are read from the speeches, not from votes; quotations were checked verbatim against the record.
Keskustelu päättyi. Asia lähetettiin talousvaliokuntaan.
Stages of consideration
The bill's path from the preliminary debate to the decision, as recorded by Parliament.
- 24 Sep 2026Eduskuntakäsittelyn vireilletulo · Työ- ja elinkeinoministeriö
- 29 Sep 2026Lähetekeskustelu · Täysistunto
Decisions by law proposal1
- 1Laki eräitä yrityksiä koskevasta taloudellisen toiminnan avoimuus- ja tiedonantovelvollisuudesta annetun lain eräiden säännösten kumoamisesta
Proposed law text
The law proposals in the bill as the Government presented them. The final act may differ after committee consideration.
The law text is shown in Finnish or Swedish from Parliament's official documents; it is not translated into English.
Laki eräitä yrityksiä koskevasta taloudellisen toiminnan avoimuus- ja tiedonantovelvollisuudesta annetun lain eräiden säännösten kumoamisesta
Eduskunnan päätöksen mukaisesti säädetään:
1 §
Tällä lailla kumotaan eräitä yrityksiä koskevasta taloudellisen toiminnan avoimuus- ja tiedonantovelvollisuudesta annetun lain (19/2003) 2 §:n 1 momentin 4 kohta, 5 §:n 2 momentti sekä 9 §, sellaisina kuin niistä ovat 5 §:n 2 momentti laissa 1371/2009 ja 9 § osaksi mainitussa laissa.
2 §
Tämä laki tulee voimaan päivänä kuuta 20 .
Main content of the bill (official)
The summary and title were produced with AI on 30 Sep 2026. They are not official documents – check the details in the original bill. The title and summaries are machine translations of the Finnish AI summaries. Speeches and quotations are always shown in their original language.