{"id":1012,"date":"2026-04-02T08:28:28","date_gmt":"2026-04-02T05:28:28","guid":{"rendered":"https:\/\/aastaraamat.fi.ee\/the-legal-environment\/"},"modified":"2026-04-22T14:56:16","modified_gmt":"2026-04-22T11:56:16","slug":"the-legal-environment","status":"publish","type":"page","link":"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/the-legal-environment\/","title":{"rendered":"The legal environment"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1012\" class=\"elementor elementor-1012 elementor-586\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cf691af konteiner e-flex e-con-boxed e-con e-parent\" data-id=\"cf691af\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-5ce0238 e-con-full e-flex e-con e-child\" data-id=\"5ce0238\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-222db76 e-con-full vahe-m e-flex e-con e-child\" data-id=\"222db76\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_on&quot;:[&quot;widescreen&quot;,&quot;desktop&quot;,&quot;laptop&quot;,&quot;tablet_extra&quot;,&quot;tablet&quot;,&quot;mobile_extra&quot;],&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;sticky_offset&quot;:0,&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fd8e334 elementor-nav-menu--dropdown-none elementor-widget elementor-widget-nav-menu\" data-id=\"fd8e334\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;layout&quot;:&quot;vertical&quot;,&quot;submenu_icon&quot;:{&quot;value&quot;:&quot;&lt;svg aria-hidden=\\&quot;true\\&quot; class=\\&quot;e-font-icon-svg 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href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/foreword-by-the-chair-of-the-management-board\/\" class=\"elementor-item\">Foreword by the chair of the management board<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1070\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/the-right-to-operate-in-the-financial-sector\/\" class=\"elementor-item\">The right to operate in the financial sector<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1071\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/the-legal-environment\/\" class=\"elementor-item\">The legal environment<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1072\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/finantsinspektsioon-as-a-solver-of-crises\/\" class=\"elementor-item\">Finantsinspektsioon as a solver of crises<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1073\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/banking-and-credit\/\" class=\"elementor-item\">Banking and credit<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1074\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/insurance\/\" class=\"elementor-item\">Insurance<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1075\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/e-money-and-payment-services\/\" class=\"elementor-item\">E-money and payment services<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1076\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/investment-and-the-securities-market\/\" class=\"elementor-item\">Investment and the securities market<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1077\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/about-finantsinspektsioon\/\" class=\"elementor-item\">About Finantsinspektsioon<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-1078\"><a href=\"https:\/\/aastaraamat.fi.ee\/wp-content\/uploads\/FI_AA_2025_eng_www.pdf\" class=\"elementor-item\">PDF version of the yearbook<\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t\t\t<nav class=\"elementor-nav-menu--dropdown elementor-nav-menu__container\" aria-hidden=\"true\">\n\t\t\t\t<ul id=\"menu-2-fd8e334\" class=\"elementor-nav-menu sm-vertical\"><li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-home menu-item-1068\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/\" class=\"elementor-item\" tabindex=\"-1\">Home<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1069\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/foreword-by-the-chair-of-the-management-board\/\" class=\"elementor-item\" tabindex=\"-1\">Foreword by the chair of the management board<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1070\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/the-right-to-operate-in-the-financial-sector\/\" class=\"elementor-item\" tabindex=\"-1\">The right to operate in the financial sector<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1071\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/the-legal-environment\/\" class=\"elementor-item\" tabindex=\"-1\">The legal environment<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1072\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/finantsinspektsioon-as-a-solver-of-crises\/\" class=\"elementor-item\" tabindex=\"-1\">Finantsinspektsioon as a solver of crises<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1073\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/banking-and-credit\/\" class=\"elementor-item\" tabindex=\"-1\">Banking and credit<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1074\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/insurance\/\" class=\"elementor-item\" tabindex=\"-1\">Insurance<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1075\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/e-money-and-payment-services\/\" class=\"elementor-item\" tabindex=\"-1\">E-money and payment services<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1076\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/investment-and-the-securities-market\/\" class=\"elementor-item\" tabindex=\"-1\">Investment and the securities market<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1077\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/about-finantsinspektsioon\/\" class=\"elementor-item\" tabindex=\"-1\">About Finantsinspektsioon<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-1078\"><a href=\"https:\/\/aastaraamat.fi.ee\/wp-content\/uploads\/FI_AA_2025_eng_www.pdf\" class=\"elementor-item\" tabindex=\"-1\">PDF version of the yearbook<\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5d8044a e-con-full e-flex e-con e-child\" data-id=\"5d8044a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-91110aa elementor-widget elementor-widget-text-editor\" data-id=\"91110aa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tThe legislative environment of the Estonian financial sector is made up of national legislation, directly applicable European Union directives, and a large quantity of semi-legal regulation such as guidelines from European Union institutions.<br><br>Finantsinspektsioon published its own opinion on various draft acts. The European supervisory authorities issued several guidelines to clarify legislation of the financial sector, and Finantsinspektsioon published these as advisory guidelines (see Appendix 1). It also directed the attention of market participants to its own guidelines and materials.<br><br>Key issues in the legislative environment for Finantsinspektsioon were:<br><ul>\r\n \t<li>Simplification of the legal environment. The initiative taken at the European and national levels to simplify the legal environment led to a critical review of the legislative acts and guidelines covering the financial sector. Finantsinspektsioon contributed to this by collecting proposals for ways to simplify the legislation from within its own organisation and from market participants. The proposals were analysed and sent to the Ministry of Finance on 18 December 2025.<\/li>\r\n \t<li>Implementing the new legislative framework. The Market in Crypto-Assets Act and the Credit Servicers and Credit Purchasers Act came into force in 2024 and brought new entities under the supervision of Finantsinspektsioon. Finantsinspektsioon focused in 2025 on implementing those acts, which included designing new work processes for constant supervision, and putting licensing procedures in place.<\/li>\r\n \t<li>Participation in drafting legislation. Finantsinspektsioon was involved in drafting several important legal acts in 2025. Work continued on transposing and implementing the new EU banking package, which contained amendments to Directive 2013\/36\/EU (CRD6) and Regulation 575\/2013 (CRR3). Finantsinspektsioon is also closely involved in amendments to the Insurance Activities Act and other acts that aim to transpose the amendments to Directive 2009\/138\/EU (Solvency 2) and Directive 2025\/1 of the European Parliament and of the Council establishing a framework for the recovery and resolution of insurance and reinsurance undertakings.<\/li>\r\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d4df14 elementor-widget elementor-widget-heading\" data-id=\"1d4df14\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Court cases involving Finantsinspektsioon<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4aae1ea elementor-widget elementor-widget-text-editor\" data-id=\"4aae1ea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>AB Kreditex AS applied to the Tallinn Administrative Court on 30.11.2023 to overturn the decision of Finantsinspektsioon of 31.10.2023 that withdrew its licence as a creditor and a mortgage creditor with the right to provide advisory services. The case is still ongoing.<\/p>\n<p>\u00dchisraha O\u00dc applied to the Tallinn Administrative Court on 30.11.2023 to overturn the decision of Finantsinspektsioon of 31.10.2023 that withdrew its licence as a credit intermediary and a mortgage creditor. The case is still ongoing.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5326602 elementor-widget elementor-widget-heading\" data-id=\"5326602\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Four misdemeanour proceedings ended with Finantsinspektsioon issuing a fine<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7e68202 elementor-widget elementor-widget-text-editor\" data-id=\"7e68202\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul>\n<li>A natural person filed a complaint with the Tallinn Administrative Court on 24.07.2025 demanding that Finantsinspektsioon cease publishing factually incorrect information about them on its website. The case is still ongoing.<\/li>\n<li>AS Silvano Fashion Group submitted a complaint to the Tallinn Administrative Court on 06.11.2024 requesting annulment of the precept issued by Finantsinspektsioon on 07.10.2024 requiring AS Silvano Fashion Group to publish information required by \u00a7184<sup>1<\/sup> the Securities Market Act by the deadline given. It also applied for the legal fees to be paid by Finantsinspektsioon. The Tallinn Administrative Court issued a decision on 23.09.2025 satisfying the complaint, annulling precept No 4.1-1\/132 issued by Finantsinspektsioon on 07.10.2024, and requiring Finantsinspektsioon to remove all reference to the precept from its website. It also required Finantsinspektsioon to pay the legal fees of the plaintiff of 6500 euros. Finantsinspektsioon appealed and the case is ongoing.<\/li>\n<li>Maksekeskus AS submitted a complaint to the Tallinn Administrative Court on 22.01.2025 concerning the orders issued by Finantsinspektsioon on 18.12.2023 and 22.08.2024 setting the advance and final payments of the supervision fees for 2024 and the orders of 23.12.2024 and 18.08.2025 setting the payments of the supervision fees for 2025. It also demanded that Finantsinspektsioon revisit its decision, remedy the consequences of the orders, and refund to Maksekeskus AS the excess supervision fees it had already paid to Finantsinspektsioon. It also demanded that interest be paid to the plaintiff. The case is still ongoing.<\/li>\n<li>Vagner Insurance Broker AS submitted a complaint to the Tallinn Administrative Court on 18.12.2024 requesting that the decision of Finantsinspektsioon of 16.12.2024 to remove it from the list of insurance intermediaries be annulled. The plaintiff applied for temporary legal protection as well, but the court did not satisfy this application. The Tallinn Administrative Court also decided not to satisfy the complaints submitted by Vagner. The case has reached the Tallinn Circuit Court after Vagner appealed. The case is still ongoing.<\/li>\n<li>\u00dchisarveldused AS submitted a complaint to the Tallinn Administrative Court on 19.08.2025 against the management decision of Finantsinspektsioon of 18.08.2025 that withdrew the licence from \u00dchisarveldused AS as a payment institution as it had seriously breached the terms of the legal acts regulating the business and the rules set within the legal acts on countering money laundering and terrorist financing. It also applied for temporary legal protection that suspends the application to the plaintiff of the Finantsinspektsioon decision until the case has reached court. The Tallinn Administrative Court issued a preliminary injunction on 21.08.2025 approving the application for temporary legal protection and suspending the decision by Finantsinspektsioon, and prohibiting publication of the decision on the Finantsinspektsioon website. Finantsinspektsioon appealed this to the Tallinn Circuit Court, asking for the injunction to be overturned. The case is still ongoing.<\/li>\n<li>If P&amp;C Insurance AS submitted a complaint to the Tallinn Administrative Court on 16.04.2025 requesting annulment of the decision of the Finantsinspektsioon management board of 17.03.2025 to issue a precept requiring If P&amp;C Insurance AS to organise and ensure that clients signing a contract for optional vehicle insurance or motor third party liability insurance; parties making a claim to If P&amp;C Insurance AS under vehicle insurance who have chosen to use the partner of If P&amp;C Insurance AS for the repairs; and distributors of If P&amp;C Insurance AS optional vehicle insurance or motor third party liability insurance get information about the conditions for repairs agreed between If P&amp;C Insurance AS and its partner that will apply to the client receiving the repairs, including the key performance indicators (KPI) for the repairs. It also applied for temporary legal protection as well, but the court did not satisfy this application. The case is still ongoing.<\/li>\n<li>A natural person filed a complaint with the Tallinn Administrative Court on 26.06.2024 requesting that a warning notice published by Finantsinspektsioon on 27.03.2024 be removed. The Tallinn Administrative Court issued a judgement on 04.11.2024 that the warning issued by Finantsinspektsioon was lawful. It also ruled that Finantsinspektsioon must decide on whether to remove the published information from its website within one month from the judgement being made by the court. The case has reached the Tallinn Circuit Court after the plaintiff appealed.<\/li>\n<li>IIZI Kindlustusmaakler AS submitted a complaint to the Harju County Court on 18.06.2024 about the decision of Finantsinspektsioon in general proceedings to fine IIZI Kindlustusmaakler AS 24,000 euros under \u00a7 261 (2) of the Insurance Activities Act because it transferred its marketing of insurance and breached the obligation for intermediaries to act in the interests of clients and the requirements defined in law. Harju County Court rejected the complaint from IIZI Kindlustusmaakler AS on 28.11.2024, after which IIZI Kindlustusmaakler AS filed a cassation appeal with the Supreme Court on 23.12.2024. The Supreme Court started to hear the case on 16.04.2025 and reached a decision on12.06.2025 annulling the decision of Finantsinspektsioon and terminating the misdemeanour proceedings because the statute of limitations had expired.<\/li>\n<li>Svea Finance AS submitted a complaint to the Harju County Court on 26.06.2025 about the decision of Finantsinspektsioon in general proceedings to fine Svea Finance AS 50,000 euros under \u00a7 98(2) of the Creditors and Credit Intermediaries Act and 150,000 euros under \u00a7 99(2) of the same act. Finantsinspektsioon had identified multiple breaches of the rules in the assessment of the credit capacity of consumers by Svea Finance AS and found that its internal rules for issuing consumer credit did not meet the requirements. Harju County Court agreed to hear the complaint and the court case is ongoing.<\/li>\n<li>Invest in O\u00dc submitted a complaint to the Harju County Court on 18.12.2025 about the decision of Finantsinspektsioon in general proceedings to fine Invest in O\u00dc 16,000 euros under \u00a7 96(2) of the Creditors and Credit Intermediaries Act because Invest in O\u00dc had not submitted its annual financial report for 2024 and the related documents to Finantsinspektsioon by the deadline for doing so. Harju County Court agreed to hear the complaint and the court case is ongoing.<\/li>\n<\/ul>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9ffc999 elementor-widget elementor-widget-text-editor\" data-id=\"9ffc999\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Nine misdemeanour proceedings that Finantsinspektsioon had started were ended in 2025. The proceedings concerned violation of the creditor\u2019s obligation to assess creditworthiness, non-compliance with the requirements for internal rules, submission of an incomplete annual financial report or late submission, and failure to submit information required by Finantsinspektsioon. Four of the nine cases ended with a fine being issued, and five ended with no punishment being given for pragmatic reasons. Proceedings in a further two cases were continued into 2026. Finantsinspektsioon decided in 2025 not to start misdemeanour proceedings in five cases of small violations of the rules, and only issued warnings. Finantsinspektsioon submitted four complaints of criminal activity in 2025.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c75b90e e-con-full e-flex e-con e-child\" data-id=\"c75b90e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t\t\t<h5 \n\t\tdata-interaction-id=\"bf00259\" \n\t\tclass=\"e-bf00259-ccdc1b7 e-heading-base\" \n\t\t \n\t\tdata-e-type=\"widget\" data-id=\"bf00259\"\n\t>\n\t\n\t\t\tFinantsinspektsiooni m\u00e4\u00e4ratud trahvide summa\n\t\t<\/h5>\n\t\t<div class=\"elementor-element elementor-element-a39550b e-con-full e-flex e-con e-child\" data-id=\"a39550b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-191abbc elementor-widget elementor-widget-heading\" data-id=\"191abbc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">2025<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0080611 elementor-widget elementor-widget-heading\" data-id=\"0080611\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">2024<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cda7a00 elementor-widget elementor-widget-heading\" data-id=\"cda7a00\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">2023<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9ce8f94 elementor-widget elementor-widget-heading\" data-id=\"9ce8f94\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">2022<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4401b1e elementor-widget elementor-widget-heading\" data-id=\"4401b1e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">2021<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-42d3f27 e-con-full e-flex e-con e-child\" data-id=\"42d3f27\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-88309d3 elementor-widget elementor-widget-heading\" data-id=\"88309d3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">416 800 euros<\/p>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b4d2d32 elementor-widget elementor-widget-heading\" data-id=\"b4d2d32\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">138 800 euros<\/p>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d3d681b elementor-widget elementor-widget-heading\" data-id=\"d3d681b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">1 025 000 euros<\/p>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e9d696 elementor-widget elementor-widget-heading\" data-id=\"4e9d696\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">50 000 euros<\/p>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5843f1c elementor-widget elementor-widget-heading\" data-id=\"5843f1c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">91 000 euros<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3894f1a elementor-widget elementor-widget-heading\" data-id=\"3894f1a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Finantsinspektsioon issued precepts to guide financial intermediaries<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3df5d0b elementor-widget elementor-widget-text-editor\" data-id=\"3df5d0b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Finantsinspektsioon issued four precepts in 2025 that directed participants in the financial market to meet the requirements of the law. One precept was to a creditor and concerned deficiencies in how it assessed consumer creditworthiness and issued consumer credit. A precept was issued to remind one insurer that an insurance firm must disclose information to its clients and insurance intermediaries in accordance with the requirements. A precept was issued requiring one credit institution to remedy shortcomings identified during an inspection in 2024 in its provision of basic payment services. One insurance broker was given a precept about the late publication of its annual report.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The legislative environment of the Estonian financial sector is made up of national legislation, directly applicable European Union directives, and a large quantity of semi-legal regulation such as guidelines from European Union institutions. Finantsinspektsioon published its own opinion on various draft acts. The European supervisory authorities issued several guidelines to clarify legislation of the financial [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":955,"parent":1019,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"class_list":["post-1012","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/aastaraamat.fi.ee\/en\/wp-json\/wp\/v2\/pages\/1012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aastaraamat.fi.ee\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/aastaraamat.fi.ee\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/aastaraamat.fi.ee\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/aastaraamat.fi.ee\/en\/wp-json\/wp\/v2\/comments?post=1012"}],"version-history":[{"count":2,"href":"https:\/\/aastaraamat.fi.ee\/en\/wp-json\/wp\/v2\/pages\/1012\/revisions"}],"predecessor-version":[{"id":1047,"href":"https:\/\/aastaraamat.fi.ee\/en\/wp-json\/wp\/v2\/pages\/1012\/revisions\/1047"}],"up":[{"embeddable":true,"href":"https:\/\/aastaraamat.fi.ee\/en\/wp-json\/wp\/v2\/pages\/1019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aastaraamat.fi.ee\/en\/wp-json\/wp\/v2\/media\/955"}],"wp:attachment":[{"href":"https:\/\/aastaraamat.fi.ee\/en\/wp-json\/wp\/v2\/media?parent=1012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}