Lag om ändring av lagen om hypoteksföreningar
At least half of the founders of a mortgage association must live in the EEA, unless the Financial Supervisory Authority grants permission to depart from that requirement.
- Jurisdiction
- Finland
- Instrument
- Act or statute
- Citation
- 595
- Version
- Undated source snapshot
- Language
- sv
- Official source
- View official record ↗
Statute overview
About this statute
At least half of the founders of a mortgage association must live in the EEA, unless the Financial Supervisory Authority grants permission to depart from that requirement. At least half of a mortgage association’s board members and its CEO must live within the European Economic Area, unless the Financial Supervisory Authority grants an exemption. Any remaining property is to be used for purposes set out in the association’s bylaws, and the Finnish Financial Supervisory Authority may decide on the use of the surplus if needed. Finansinspektionen may issue detailed rules, in individual cases, about the procedure for merging mortgage associations or dividing one mortgage association into several independent ones.
Available versions
Undated version · current
fi
Undated version · current
sv
Ask AI about this statute
Lag om ändring av lagen om hypoteksföreningar
Sign in to ask AI about this statute
Sign in to start authenticated, citation-grounded statute research.
Sign inLexChat organizes source-backed legal information for research. Verify amendments, commencement, and current legal force with the official publisher before relying on it.