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New schedule of processing fees to take effect on 1 September 2018

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The Financial Supervisory Authority’s new schedule of processing fees will take effect on 1 September 2018.

The structure of the schedule has been reformed. The purpose of the reform was to create a more clear and simple schedule than the present one.

The schedule no longer specifies products by legal act and section, but services subject to a fee/products are described at a more general level. The schedule of processing fees is mainly based on fixed prices. Services where the amount of work required may vary to an unusual degree have a hourly rate in addition to a fixed base price. The pricing by product is more consistent with the requirements of cost-based pricing, which is ensured by monitoring working time where necessary. The hourly rate has been revised reflecting changes in costs.

In April, comments on the reform were requested from financial sector participants. The comments (in Finnish) were published at lausuntopalvelu.fi.

The schedule of processing fees is available on the FIN-FSA website, FIN-FSA.fi.

For further information, please contact

Matti Lakeus, Team Leader, tel. +358 9 183 5571

Appendix

The schedule of processing fees (pdf)

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Regulator Information

Abbreviation: FIN-FSA
Jurisdiction: Finland

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