Sanctions, requests for investigation and cases of securities market inspections

FIN-FSA´s requests for police investigation and administrative sanctions 2012–2022H1

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022H1
Request for police investigation 5 4 3 5 2 6 5 2 6 8 1
Public reprimand* 3 - - 2 - - - - - - -
Public warning 3 2 2 - 2 5 3 1 1 1 2
Administrative fine 14 6 2 19 2 3 - - 1 - -
Penalty payment - - 1 - 3 4 3 5 2 2 3

* Since 1 January 2013, the Financial Supervisory Authority has been unable to issue a public reprimand for an infringement occurring after this date.

In the period from 1 January 2022 to 30 June 2022, the FIN-FSA made one request for police investigation, issued two public warnings and imposed three penalty payments.

FIN-FSA's administrative sanctions and supervisory measures are published here.

Supervision cases related to trading in securities markets and the disclosure obligation processed by the FIN-FSA in 2012–2022H1

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022H1
Total number of cases  85 100 83 127 104 95 108 150 155 115 66
Abuse of inside information 23 47 36 57 48 58 71 83 105 65 45
Market manipulation 35 28 23 40 31 24 23 50 39 41 13
Disclosure obligation: periodic, ongoing, delayed disclosure, disclosure of major holdings, takeover bid, and primary markets 23 17 18 24 23 12 12 15 9 6 6
Other 4 8 6 6 2 1 2 2 2 3 2

Figures 2016–2019 have been corrected on 17 February 2021.

The table below displays supervision cases related to trading in securities markets and the disclosure obligation inspected by the FIN-FSA and concluded during the year concerned. In the period from 1 January 2022 to 30 June 2022 there were 66 such cases.

In the corresponding term, the FIN-FSA received 77 STORs from the markets on suspicious transactions or orders, some of which continue to be inspected in 2022.

The FIN-FSA sent six requests for judicial assistance to foreign securities markets authorities concerning the supervision of securities markets in the period from 1 January 2022 to 30 June 2022. Respectively, the FIN-FSA received one request for judicial assistance.