The Finnish Ministry of Finance has on 2 February 2009 appointed a working group to prepare a thorough reform of the Finnish Securities Market Act of 1989. The aim of the reform is to modernise the current legislation to better reflect the integration of the international securities market, ensuring in particular the competitiveness of the Finnish securities market and its accessibility by foreign market participants.
The working group is expected to complete its work by the end of 2010, but shall, nevertheless, prepare a proposal for renewed provisions on custody and settlement so that they may be submitted to the Parliament at the latest during 2010. Tarja Wist is a member of the working group.
For further information, please contact *#Ms. Tarja Wist#* or *#Mr. Lauri Peltola#*.