Financial Supervisory Authority imposes an administrative fine on Aval Asset Management Oy for non-compliance with the reporting obligation
The Financial Supervisory Authority (FIN-FSA) has imposed an administrative fine in the amount of EUR 5,000 on the investment firm Aval Asset Management Oy for failure to comply with the obligation to provide information on its financial position. The delivery of electronic information for supervisory purposes was delayed for 7 days.
FIN-FSA may impose an administrative fine of EUR 5,000–100,000 on a legal person for non-compliance with the reporting obligation. The administrative fine is payable to the State.
The decision of 28 May 2013 on the administrative fine has legal force.
For further information, please contact
- Erkki Kontkanen, Chief Advisor, tel. +358 10 831 5260
- Decision by the Financial Supervisory Authority (in Swedish)