Services

Financial Services Regulation

Hannes Snellman’s Financial Services Regulation practice advises local and international clients on all aspects of banking, investment, asset management, payment services, insurance, virtual currency, financial technology, derivatives, capital and financial markets law and regulation. Our clients include top-tier financial institutions as well as new entrants to the fast-evolving financial services industry.

Our clients have sought advice on:

  • licences, registrations, and authorisations for local and cross-border activity
  • marketing and distribution of funds; we have assisted over 100 fund managers with fund marketing notifications to the Finnish Financial Supervisory Authority
  • establishment and structuring of fund management operations
  • offering requirements of derivatives, structured instruments, and other types of financial products and insurances
  • financial infrastructure issues; we advise clearing and settlement organisations and their members on questions relating to derivatives trading, clearing, and settlement. We are proud to be ISDA’s netting opinion counsel and CLS’s opinion counsel in Finland.
  • crypto assets; we have assisted a top tier crypto platform with entering into the Finnish market
  • ownership assessment and fit & proper requirements
  • regulatory support in M&A transactions 
  • internal policies, including AML/CTF related issues
  • consumer credits
  • insurance distribution
  • sanctions and enforcement measures of the Finnish Financial Supervisory Authority 

We work in close co-operation with our colleagues in Finance, M&A, Tax, Dispute Resolution, and Technology & Data practices.

 

References

Counsel to Nordea Bank Abp in connection with the various issues under its EMTN Programme.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com
Senni Kinnaslampi

Senni Kinnaslampi

Senior Associate
senni.kinnaslampi@hannessnellman.com

Counsel to the joint lead managers with the several issues of the Republic of Finland’s Serial Bonds.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com
Senni Kinnaslampi

Senni Kinnaslampi

Senior Associate
senni.kinnaslampi@hannessnellman.com

Counsel to Nordea Mortgage Bank in connection with the update of its €25,000,000,000 Covered Bond Programme.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com
Senni Kinnaslampi

Senni Kinnaslampi

Senior Associate
senni.kinnaslampi@hannessnellman.com

Counsel to OP Mortgage Bank in connection with the various issues under its EMTCB Programme.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com
Senni Kinnaslampi

Senni Kinnaslampi

Senior Associate
senni.kinnaslampi@hannessnellman.com

Counsel to Nordea Bank Abp in connection with the update of its €50,000,000,000 Euro Medium Term Note Programme.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com
Senni Kinnaslampi

Senni Kinnaslampi

Senior Associate
senni.kinnaslampi@hannessnellman.com

Counsel to Nordea Bank Abp in connection with the update of its U.S.$25,000,000,000 Global Medium-Term Note Programme.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com
Senni Kinnaslampi

Senni Kinnaslampi

Senior Associate
senni.kinnaslampi@hannessnellman.com

Counsel to OP Corporate Bank plc in connection with the update of its €20,000,000,000 Euro Medium Term Note Programme.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com

Counsel to OP Mortgage Bank in connection with its issue of EUR 1,250,000,000 5.5-year Finnish Covered Bonds under its EMTCB Programme.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com

Counsel to Nordea Mortgage Bank in connection with various issues under its Covered Bond Programme.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com

Counsel to Nordea Mortgage Bank in connection with the update of its €25,000,000,000 Covered Bond Programme.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com

Counsel to Nordea Bank Abp in connection with the update of its U.S.$25,000,000,000 Global Medium-Term Note Programme.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com

Counsel to Nordea Bank Abp in connection with the update of its €50,000,000,000 Euro Medium Term Note Programme.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com

Counsel to OP Corporate Bank plc in connection with various issues under its EMTN Programme.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com

Counsel to Nordea Bank Abp in connection with various issues under its GMTN and EMTN Programmes.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com

Counsel to the joint lead managers with the several issues of the Republic of Finland’s Serial Bonds.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com

Counsel to OP Mortgage Bank in connection with its issue of EUR 1,000,000,000 5.5-year Finnish Green Covered Bonds under its EMTCN Programme.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com

Counsel to Finnish Customs in the public procurement of bitcoin brokerage services. The assignment is related to the Finnish Government’s decision to sell the Bitcoins and other cryptocurrencies seized by Finnish Customs and allocate a significant share of the additional revenue to support Ukraine in the current war.

Outi Jousi

Outi Jousi

Counsel
outi.jousi@hannessnellman.com
Jesper Nevalainen

Jesper Nevalainen

Partner
jesper.nevalainen@hannessnellman.com
Anna Mäkinen

Anna Mäkinen

Associate
anna.makinen@hannessnellman.com
Eeva Tiainen

Eeva Tiainen

Senior Associate
eeva.tiainen@hannessnellman.com
Jari Tukiainen

Jari Tukiainen

Specialist Partner
jari.tukiainen@hannessnellman.com
Antti Kuha

Antti Kuha

Partner
antti.kuha@hannessnellman.com
Stefan Stellato

Stefan Stellato

Managing Associate
stefan.stellato@hannessnellman.com

Counsel to various crypto currency service providers regarding their regulatory obligations in Finland.

Counsel to OP Corporate Bank plc in connection with the update of its €20,000,000,000 Euro Medium Term Note Programme, 2021.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com

Counsel to OP Mortgage Bank in connection with its issue of EUR 750,000,000 10-year Finnish Green Covered Notes under the EMTCN Programme, 2021.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com

Counsel to BNP Paribas in LocalTapiola Finance’s EUR 592 million public securitisation of a portfolio of Finnish consumer auto hire purchase contracts, 2021.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com
Pauliina Sutinen

Pauliina Sutinen

Senior Associate
pauliina.sutinen@hannessnellman.com

Counsel to Nordea Bank Abp in connection with the update of its U.S.$25,000,000,000 Global Medium-Term Note Programme, 2021  .

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com

Counsel to Nordea Bank Abp in connection with the update of its €50,000,000,000 Euro Medium Term Note Programme, 2021.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com

Counsel to OP Mortgage Bank in connection with the update of its €10,000,000,000 Euro Medium Term Retained Covered Note Programme, 2021.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com

Counsel to the joint lead managers with the several issues of the Republic of Finland’s Serial Bonds, 2021.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com

Counsel to Nordea Bank Abp in connection with its issues under its GMTN and EMTN Programmes, 2021. 

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com
Senni Kinnaslampi

Senni Kinnaslampi

Senior Associate
senni.kinnaslampi@hannessnellman.com
Pauliina Sutinen

Pauliina Sutinen

Senior Associate
pauliina.sutinen@hannessnellman.com

Counsel to OP Mortgage Bank in connection with the update of its €20,000,000,000 Euro Medium Term Covered Note Programme, 2021.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com
Senni Kinnaslampi

Senni Kinnaslampi

Senior Associate
senni.kinnaslampi@hannessnellman.com

Parties

Aktia Bank Plc

Transaction

Aktia Bank Plc issue of Additional Tier 1 unsecured fixed to fixed rate Finnish law notes of EUR 60 million on 26 May 2021

Deal Value

EUR 60 million

Role

Counsel to Aktia Bank Plc

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com
Pauliina Sutinen

Pauliina Sutinen

Senior Associate
pauliina.sutinen@hannessnellman.com
Annemari Rosi

Annemari Rosi

Senior Associate
annemari.rosi@hannessnellman.com

Counsel to OP Corporate Bank plc in connection with the update of its €20,000,000,000 Euro Medium Term Note Programme, 2021.

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com

Finnish counsel to Brite AB.

Jari Tukiainen

Jari Tukiainen

Specialist Partner
jari.tukiainen@hannessnellman.com
Pauliina Sutinen

Pauliina Sutinen

Senior Associate
pauliina.sutinen@hannessnellman.com

Counsel to various UK based banks, fund managers and investment firms as well as Nordic and international entities on their Brexit planning in Finland and Sweden

Jari Tukiainen

Jari Tukiainen

Specialist Partner
jari.tukiainen@hannessnellman.com
Senni Kinnaslampi

Senni Kinnaslampi

Senior Associate
senni.kinnaslampi@hannessnellman.com

Counsel to various UK based investment firms and banks on applying for post-Brexit authorisation from the Finnish Financial Supervisory Authority.

Jari Tukiainen

Jari Tukiainen

Specialist Partner
jari.tukiainen@hannessnellman.com
Senni Kinnaslampi

Senni Kinnaslampi

Senior Associate
senni.kinnaslampi@hannessnellman.com
Pauliina Sutinen

Pauliina Sutinen

Senior Associate
pauliina.sutinen@hannessnellman.com

Counsel to various alternative investment fund managers on Finnish and Swedish licencing applications and notification requirements, and assisted in their licence or notification processes with the Finnish and Swedish Financial Supervisory Authority

Jari Tukiainen

Jari Tukiainen

Specialist Partner
jari.tukiainen@hannessnellman.com
Senni Kinnaslampi

Senni Kinnaslampi

Senior Associate
senni.kinnaslampi@hannessnellman.com
Pauliina Sutinen

Pauliina Sutinen

Senior Associate
pauliina.sutinen@hannessnellman.com

Counsel to a Swedish credit institution on the implementation of changes to the regulatory treatment of non performing exposures.

Finnish counsel to Nordax Bank AB (publ).

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com
Pauliina Sutinen

Pauliina Sutinen

Senior Associate
pauliina.sutinen@hannessnellman.com
Matias Moberg

Matias Moberg

Managing Associate
matias.moberg@hannessnellman.com
Senni Kinnaslampi

Senni Kinnaslampi

Senior Associate
senni.kinnaslampi@hannessnellman.com

Counsel to an international firm with launching its consumer credit business in Sweden including ownership and management assessments, and the various documentation necessary for regulatory approvals.

Finnish netting counsel to ISDA.

Finnish counsel to CLS.

Jari Tukiainen

Jari Tukiainen

Specialist Partner
jari.tukiainen@hannessnellman.com
Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com

Counsel to the Finnish State Treasury on financial regulatory and documentation issues.

Finnish and Swedish counsel to SIX x-clear Ltd in their entry to the Nordic market as a central clearing counterparty for NASDAQ OMX originated trades.

Counsel to Euroclear SA/NV on Finnish banking and financial regulatory matters.

Parties

YIT Corporation, Ålandsbanken

Transaction

YIT and Ålandsbanken entered into an agreement to establish a joint venture company for housing investments

Deal Value

EUR 112 million

Role

Counsel to YIT Corporation

Tapio Teräkivi

Tapio Teräkivi

Senior Partner
tapio.terakivi@hannessnellman.com

Parties

Nordea Bank Abp

Transaction

Nordea Bank Abp's issue of U.S.$1,250,000,000 Perpetual Non-Call March 2026 Additional Tier 1 Conversion Notes under the U.S.$25,000,000,000 Global Medium Term Note Programme in March

Deal Value

USD 1,250,000,000

Role

Counsel to Nordea Bank Abp

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com

Parties

Nordea Bank Abp

Transaction

Nordea Bank Abp's establishment of its €50,000,000,000 Euro Medium Term Note Programme

Deal Value

EUR 50,000,000,000

Role

Counsel to Nordea Bank Abp

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com
Janne Veneranta

Janne Veneranta

Managing Associate
janne.veneranta@hannessnellman.com

Parties

Nordea Bank Abp

Transaction

Nordea Bank Abp's establishment of its USD 25,000,000,000 Global Medium-Term Note Programme

Deal Value

USD 25,000,000,000

Role

Counsel to Nordea Bank Abp

Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com
Janne Veneranta

Janne Veneranta

Managing Associate
janne.veneranta@hannessnellman.com

Advice in connection with the issuance of Tier 1 and Tier 2 capital base instruments to be issued by Hoist Finance and other regulated entities.

Parties

Telia Company (Buyer), AinaGroup Oyj (Seller), AinaCom Oy (Target)

Transaction

Telia Company’s acquisition of AinaCom Oy from AinaGroup Oyj

Deal Value

Value not public

Role

Counsel to Telia Company

Heidi Haanpää

Heidi Haanpää

Partner
heidi.haanpaa@hannessnellman.com
Riikka Kuha

Riikka Kuha

Senior Associate
riikka.kuha@hannessnellman.com
Jenni Heurlin

Jenni Heurlin

Managing Associate
jenni.heurlin@hannessnellman.com

Parties

Commonwealth Bank (Seller), Colonial First State Global Asset Management (Target), Mitsubishi UFJ Trust and Banking Corporation (Buyer)

Transaction

Commonwealth Bank's sale of its global asset management business, Colonial First State Global Asset Management (CFSGAM), to Mitsubishi UFJ Trust and Banking Corporation

Deal Value

AUD 4.1 billion

Role

Counsel to Commonwealth Bank

Jari Tukiainen

Jari Tukiainen

Specialist Partner
jari.tukiainen@hannessnellman.com

Counsel to Victory Park Capital Advisors, LCC in connection with their financing of a Swedish payment service provider.

Counsel to BlackRock on Finnish banking and financial regulatory matters.

Counsel to Australia and New Zealand Banking Group Limited on Finnish financial regulatory matters.

Counsel to Bank of America Merrill Lynch on Finnish financial regulatory matters.

Recent Blog Posts


Main Contacts

Henrik Mattson

Senior Adviser
henrik.mattson
@hannessnellman.com

Jari Tukiainen

Specialist Partner
jari.tukiainen
@hannessnellman.com

Team

Senni Kinnaslampi

Senni Kinnaslampi

Senior Associate
senni.kinnaslampi@hannessnellman.com
Hanna Lindberg

Hanna Lindberg

Associate
hanna.lindberg@hannessnellman.com
Henrik Mattson

Henrik Mattson

Senior Adviser
henrik.mattson@hannessnellman.com
Tiia Mäki

Tiia Mäki

Associate
tiia.maki@hannessnellman.com
Pauliina Sutinen

Pauliina Sutinen

Senior Associate
pauliina.sutinen@hannessnellman.com
Jari Tukiainen

Jari Tukiainen

Specialist Partner
jari.tukiainen@hannessnellman.com
Elisa Viiri

Elisa Viiri

Associate
elisa.viiri@hannessnellman.com