Combined penalty payment of EUR 70 000 to Familiam Asset Management Oy for omissions in reporting
25.3.2026 14:00:00 EET | Finanssivalvonta | Press release
The Financial Supervisory Authority (FIN-FSA) has imposed a combined penalty payment of EUR 70 000 on Familiam Asset Management Oy for omissions in transaction reporting and regular reporting.
Familiam Asset Management Oy had failed to report to the FIN-FSA within the stipulated time period of 8 September 2021 – 31 August 2023, i.e. for a period of almost two years, a total of 2,867 transactions.
Furthermore, the company failed to submit to the FIN-FSA within the stipulated time period the quarterly supervisory information required to be submitted on a regular basis under the FINREP and IF reporting frameworks, for three reference dates in 2024. Delays in the submission of supervisory information ranged from approximately four days and two weeks.
Transaction reporting is of key importance in the FIN-FSA’s supervision of market abuse and thus for safeguarding confidence in the securities markets. The timely submission of regularly reported supervisory information is, in turn, essential for the FIN-FSA to carry out its statutory supervisory duties.
A combined penalty payment, payable to the State, has been imposed on the company for several omissions. The amount of the combined penalty payment was based on a comprehensive assessment which took account especially of the nature, extent and duration of the omissions. Alongside other factors, the company’s acknowledgment of the omissions, i.e. cooperation with the FIN-FSA in investigating the matter, was taken into consideration as a mitigating factor in determining the amount of the combined penalty payment.
The FIN-FSA's decision is not yet legally binding. The company has the right to appeal the decision to the Helsinki Administrative Court within 30 days of receipt of notice of the decision. Information on the legal validity of the decision is available on the FIN-FSA website.
For further information, please contact
Janne Häyrynen, Head of Unit, Legal. Requests for interviews are coordinated by FIN-FSA Communications, tel. +358 9 183 5030, weekdays 9:00–16:00.
Appendix
FIN-FSA decision (pdf, in Finnish)
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Finanssivalvonta, or the Financial Supervisory Authority (FIN-FSA), is the authority for supervision of Finland’s financial and insurance sectors. The entities supervised by the authority include banks, insurance and pension companies as well as other companies operating in the insurance sector, investment firms, fund management companies and the Helsinki Stock Exchange. We foster financial stability and confidence in the financial markets and enhance protection for customers, investors and the insured.
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