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Finland

The Securities Markets Act governs the issuance of securities to the public and the prevention of market abuse and supervision of the securities market.

Overview: This law governs the issuance of securities to the public, the disclosure obligation on the securities markets, takeover bids, prevention of market abuse and supervision of the securities market. It also applies to activities taking place outside Finland.

Part V: Market Abuse

Chapter 12: General Provisions

  • Section 1: Scope of application
  • Section 2: Inside information
  • Section 3: Insider
  • Section 4: Inner circle

Chapter 13: Public insider register and company-specific insider register

  • Section 1: Scope of application
  • Section 2: Duty to notify the Financial Supervisory Authority
  • Section 3: Duty to the issuer to advise an insider
  • Section 4: Public insider register
  • Section 5: Maintenance and keeping of the public insider register and access to information
  • Section 6: Company-specific insider register
  • Section 7: Information to be entered in the company-specific insider register
  • Section 8: Maintenance and keeping of the company-specific insider register
  • Section 9: Authority to issue regulations of the Financial Supervisory Authority

Chapter 14: Provisions on market abuse

  • Section 1: Scope of application of the chapter
  • Section 2: Use and disclosure of inside information
  • Section 3: Market manipulation
  • Section 4: Exemption from market manipulation
  • Section 5: Obligation to disclose relating to market abuse
  • Section 6: Presentation of research and investment recommendations relating to financial instruments
  • Section 7: Reporting on transactions
  • Section 8: Authority to issue regulations of the Financial Supervisory Authority
     

Resources & Insights

Nasdaq Crypto Regulation Guide: Europe

Nasdaq Crypto Regulation Guide: Europe

Regulation of cryptocurrency varies globally by region, jurisdiction, and regulatory body. Nasdaq’s comprehensive and updated Cryptocurrency Regulation Guide Europe provides a snapshot of recent recommendations from international regulatory and standards-setting bodies as well as key developments in Europe.

Clearing the Path for Crypto-Asset Regulation: The EU’s MiCA Explained

Clearing the Path for Crypto-Asset Regulation: The EU’s MiCA Explained

The EU recently passed the Markets in Crypto-Assets (MiCA) regulation which will go into effect in 2024. The monumental vote will set global standards for the regulation of crypto-assets. Read our paper to learn more about the articles within MiCA pertaining to market abuse.

Practical Guide: Markets in Crypto Assets (MiCA) Regulation

Practical Guide: Markets in Crypto Assets (MiCA) Regulation

With MiCA scheduled to go into effect in 2024, crypto-asset market participants should expect more stringent surveillance requirements once the regulation is implemented. Now is the time to implement technology and processes to monitor for market abuse, money laundering, and fraud – not only to ensure compliance, but also to protect investors, instill confidence, promote integrity, and attract clients.