News

1511.24

Coop Pank AS was granted a licence to issue covered bonds

At the proposal of Finantsinspektsioon, the European Central Bank gave Coop Pank AS a licence to issue covered bonds. At the same time, Finantsinspektsioon approved Coop Pank’s covered bonds programme.

0111.24

Sortter OÜ was granted an operating licence as a credit intermediary

Finantsinspektsioon issued a licence to operate as credit intermediary to Sortter OÜ on 21 October. The licence allows Sortter OÜ to issue credit to consumers for a fee or to enable consumers to sign credit agreements. The licence also lets it assist consumers in the process before signing a credit agreement and in signing it and other related activities.

0111.24

AB Kreditex AS broke the law despite misdemeanour proceedings being terminated

Finantsinspektsioon terminated the misdemeanour case against AB Kreditex AS because the time limit on misdemeanour proceedings had passed. The time expired for the misdemeanour proceedings on 11 October, when the two-year period allowed for the proceedings was completed.

0111.24

Finantsinspektsioon fined Hannes Niid for trading in shares while under a ban

Finantsinspektsioon fined Hannes Niidi (ID code 38909300304), member of the board at Punktid Technologies AS (register code 16158335), 800 euros for a misdemeanour as he twice traded in the shares of Punktid Technologies AS while he was under a 30-day ban on doing so between 31.08.2023 and 29.09.2023.

0111.24

Finantsinspektsioon issued a precept to AS Silvano Fashion Group

AS Silvano Fashion Group published a stock exchange announcement on 3 September saying that it will partly fulfil the obligation to have its annual report audited for the year ending on 31 December.

0111.24

A financial centre should offer enough value added to outweigh its risks says Kilvar Kessler

Kilvar Kessler, Chair of the board of Finantsinspektsioon, participated in a panel discussion on Estonia as a financial centre and whether it was a security risk or an opportunity, which was held in Tartu on 26 September as part of a conference for lawyers in Estonia. He focused his comments on turning Estonia into a successful centre for finance.