Familiam Asset Management Oy:lle 70 000 euron yhteinen seuraamusmaksu raportointien laiminlyönneistä - 2026 - www.finanssivalvonta.fi

https://www.finanssivalvonta.fi/tiedotteet-ja-julkaisut/lehdistotiedotteet/2026/familiam-asset-management-oylle-70-000-euron-yhteinen-seuraamusmaksu-raportointien-laiminlyonneista/
Success
Service Enforcement - Investment Firm 15% Payment Processors 10%
Specialism Enforcement - Financial Penalty 92% Regulatory Reporting 88%
2026-03-26 08:52:46 · arahman@vixio.com
ID
3002308
GUID
6226352547640a66babd679367955444

Classification

Service
Enforcement - Investment Firm (15%)

This enforcement action concerns an asset management firm's failures in securities trade reporting and supervisory data submission, which fall outside the payments services scope defined in the taxonomy.

Payment Processors (10%)

While Familiam is an investment firm, the violations relate to capital markets reporting obligations rather than payment handling or client money management tied to payment services.

Specialism
Enforcement - Financial Penalty (92%)

The FCA imposed a €70,000 monetary penalty on a named financial firm for identified regulatory breaches in trade and supervisory reporting, meeting the threshold for a financial penalty enforcement action.

Regulatory Reporting (88%)

The breaches involved failures to report transactions and submit supervisory data (FINREP and IF frameworks) within required timeframes, which are core regulatory reporting obligations.

Finanssivalvonta on määrännyt Familiam Asset Management Oy:lle 70 000 euron yhteisen seuraamusmaksun kaupparaportoinnin sekä säännöllisten raporttien laiminlyönneistä.

Lehdistötiedote,Finanssivalvonta,sanktio

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TITLE: Finland's Financial Supervisory Authority Imposes €70,000 Penalty on Familiam Asset Management for Reporting Failures BODY: On March 25, 2026, the Financial Supervisory Authority (FCA) of Finland imposed a combined administrative penalty of €70,000 on Familiam Asset Management Oy for failures in trade reporting and regular supervisory reporting obligations. Familiam Asset Management Oy failed to report 2,867 transactions to the FCA within the required timeframe between September 8, 2021, and August 31, 2023—a period spanning nearly two years. Additionally, the company failed to submit quarterly supervisory data in accordance with the FINREP and IF reporting frameworks for three reference dates in 2024. The delays in submitting supervisory data ranged from approximately four days to two weeks. Trade reporting is essential to the FCA's market abuse supervision and maintaining public confidence in securities markets. Timely submission of regular supervisory data is critical to the FCA's statutory supervisory functions. The FCA determined the penalty amount through a comprehensive assessment considering the nature, scope, and duration of the breaches. The company's cooperation with the FCA in clarifying the matter was treated as a mitigating factor in reducing the penalty amount. The FCA's decision is not final. Familiam Asset Management Oy has the right to appeal the decision to the Helsinki Administrative Court within 30 days of receiving notification of the decision. Information regarding the enforceability of the decision is available on the FCA's online services portal. **Reference:** Financial Supervisory Authority (FCA) press release, March 25, 2026
  • Scraped:2026-03-26 08:52:46
  • Created:2026-03-26 08:52:45
  • By:arahman@vixio.com (35)