Government bills18
- HE 184/2025 vpPassed with amendments
Making stock market listings easier
Companies' access to the stock exchange and capital markets will be made easier by easing prospectus requirements and lowering the threshold for listing. Regulation will be made more flexible, particularly to promote access to financing for small and medium-sized enterprises.
25 Mar 2026 · passed without a vote - HE 177/2025 vpPassed with amendments
Organising supervision of ESG ratings
The Financial Supervisory Authority will be designated as the Finnish authority supervising sustainability and responsibility ratings for companies and financial products. The change aligns national legislation with a new EU regulation.
11 Mar 2026 · passed without a vote - HE 153/2025 vpPassed with amendments
Allowing debt conversions in corporate restructuring
Debts of a company undergoing corporate restructuring could be converted into the company's shares directly under the restructuring programme. Under certain conditions, the arrangement could also be carried out against the will of the shareholders.
18 Dec 2025 · passed without a vote - HE 77/2024 vpPassed with amendments
Supervision and penalties for green bonds
The Financial Supervisory Authority will receive powers to supervise issuers of green bonds complying with the EU standard and to impose penalty payments for infringements. The reform clarifies disclosure obligations for bonds emphasising environmental impacts and prevents greenwashing.
19 Nov 2024 · passed without a vote - HE 3/2024 vpPassed with amendments
Improving First North investor protection
Multilateral trading facilities, such as the First North trading venue, will be subject to the same takeover bid and flagging rules as the main stock exchange list. Investors will receive better protection in corporate takeovers and up-to-date information on significant changes in company ownership.
25 Mar 2024 · passed without a vote - HE 28/2016 vpPassed with amendments
Reform of the book-entry system
Legislation on central securities depositories and the book-entry system is reformed to align with EU regulation. Finnish companies will also be able to issue their shares in foreign central securities depositories, but the direct ownership model and the public availability of ownership details for domestic investors are maintained.
31 May 2017 · 6 votes94 jaa62 ei - HE 126/2021 vpPassed
Easing financial market regulation for recovery
Financial market legislation will be eased in line with EU regulation to facilitate access to financing for companies. Client reporting for investment services will be streamlined, and the exchange of information will shift primarily to electronic format.
12 Nov 2021 · passed without a vote - HE 48/2017 vpPassed with amendments
Clarifying the status of bondholder representatives
A new act on bondholder representatives will be introduced in Finland, defining the rights and obligations of representatives acting on behalf of investors. The activities of representatives will be subject to registration and supervision by the Financial Supervisory Authority.
6 Jul 2017 · passed without a vote - HE 24/2021 vpPassed
Postponing electronic financial reporting for listed companies
Securities issuers will be given a one-year extension to transition to a harmonised electronic format for financial statements. Companies may still publish their 2020 financial statements in the previous format.
25 Mar 2021 · passed without a vote - HE 65/2016 vpPassed with amendments
Stricter sanctions for securities market abuse
Rules and penalties concerning insider trading and market manipulation are tightened to comply with EU regulations. The Financial Supervisory Authority is granted broader supervisory powers, and administrative fines imposed for abuses will be increased substantially.
23 Jun 2016 · passed without a vote - HE 7/2020 vpPassed
Revising financial supervision and insider rules
The powers and sanction provisions of the Financial Supervisory Authority will be specified to align with European Union derivatives regulation. The obligation to maintain project-specific insider lists will be retained for companies listed on SME growth markets.
14 Apr 2020 · passed without a vote - HE 305/2018 vpPassed with amendments
Strengthening listed company corporate governance
Remuneration of management and related party transactions in listed companies will become more transparent, and shareholders' ability to influence remuneration will be strengthened. At the same time, institutional investors will be required to disclose their shareholder engagement, and listed companies will be given better opportunities to identify their shareholders.
25 Mar 2019 · 2 votesClosest vote · Lausumaehdotus, mietintö / Lauri Ihalainen 2
101 jaa81 ei - HE 277/2018 vpPassed with amendments
Clarifying financial market regulation and supervision
Amendments will be made to financial markets legislation to strengthen regulatory supervision and investor protection, as well as to correct technical legislative errors remaining from previous EU regulation. The amendments will also clarify the operating conditions for non-EU investment firms in Finland.
21 Feb 2019 · passed without a vote - HE 141/2018 vpPassed with amendments
Implementing EU securitisation rules
EU rules on simple and transparent securitisation will be introduced in Finland. The Financial Supervisory Authority will be granted powers to supervise securitisation and impose sanctions for breaches of the rules.
3 Dec 2018 · passed without a vote - HE 111/2018 vpPassed with amendments
Easing regulation on securities prospectuses
Prospectus regulation relating to corporate securities issuance will be eased and simplified. The reform will make it easier particularly for small and medium-sized enterprises to raise finance from the markets.
30 Nov 2018 · passed without a vote - HE 208/2016 vpPassed with amendments
Sustainability reporting obligation for large companies
Large companies will be required to report on the social and environmental impacts of their activities, such as human rights and anti-corruption measures. At the same time, the relationship between financial statements and the management report will be clarified.
23 Dec 2016 · 3 votesClosest vote · 1. lakiehdotus, 3 a luvun 3 §, mietintö / Hanna Sarkkinen
142 jaa19 ei - HE 201/2016 vpPassed with amendments
Reforming the Financial Supervisory Authority
Supervision fees and administration of the Financial Supervisory Authority will be reformed to better correspond to European banking supervision and structural changes in the financial sector. In addition, protection for persons reporting suspected infringements will be improved.
20 Dec 2016 · passed without a vote - HE 11/2015 vpPassed with amendments
Reforming listed company reporting and supervision
The statutory obligation for listed companies to publish quarterly reports will be abolished, and the prospectus requirement for small securities offerings will be eased. At the same time, the notification obligation for major shareholdings will be expanded, and sanctions for market violations will be tightened.
15 Oct 2015 · passed without a vote