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On May 20, 2026, Finland's Ministry of Finance initiated preparation of a government proposal to amend the Investment Services Act (Sijoituspalvelulaki) and certain other laws. The proposal aims to reduce administrative and financial burdens on investment service providers by repealing national regulations requiring these entities to maintain public insider registers and imposing insider notification obligations on their personnel. The proposal will also complete the implementation of the Markets in Financial Instruments Directive II (MiFID II) (2014/65/EU) and the Shareholder Rights Directive II (SRD II) ((EU) 2017/828) into Finnish law. The government recognises that the national insider register maintenance requirement duplicates aspects of existing European Union regulations governing personal transactions, creating unnecessary compliance costs for domestic investment service providers. The amendment will particularly benefit Finnish investment service firms by eliminating the administrative and financial burden associated with maintaining and updating public insider registers. By removing this overlapping national requirement, the proposal seeks to streamline regulatory compliance while maintaining alignment with EU regulatory frameworks. A draft government proposal is scheduled for public consultation in early June 2026. The proposal will be submitted to the Finnish Parliament (Eduskunta) for consideration no later than October 2026. Eevi Jonkka, Government Secretary at the Ministry of Finance, serves as the project contact and responsible official. Further information regarding the legislative process and consultation procedures is available through the Finnish Government website.