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.
Counsel to the joint lead managers with the several issues of the Republic of Finland’s Serial Bonds.
Counsel to Nordea Mortgage Bank in connection with the update of its €25,000,000,000 Covered Bond Programme.
Counsel to OP Mortgage Bank in connection with the various issues under its EMTCB Programme.
Counsel to Nordea Bank Abp in connection with the update of its €50,000,000,000 Euro Medium Term Note Programme.
Counsel to Nordea Bank Abp in connection with the update of its U.S.$25,000,000,000 Global Medium-Term Note Programme.
Counsel to OP Corporate Bank plc in connection with the update of its €20,000,000,000 Euro Medium Term Note Programme.
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.
Counsel to Nordea Mortgage Bank in connection with various issues under its Covered Bond Programme.
Counsel to Nordea Mortgage Bank in connection with the update of its €25,000,000,000 Covered Bond Programme.
Counsel to Nordea Bank Abp in connection with the update of its U.S.$25,000,000,000 Global Medium-Term Note Programme.
Counsel to Nordea Bank Abp in connection with the update of its €50,000,000,000 Euro Medium Term Note Programme.
Counsel to OP Corporate Bank plc in connection with various issues under its EMTN Programme.
Counsel to Nordea Bank Abp in connection with various issues under its GMTN and EMTN Programmes.
Counsel to the joint lead managers with the several issues of the Republic of Finland’s Serial Bonds.
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.
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.
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.
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.
Counsel to BNP Paribas in LocalTapiola Finance’s EUR 592 million public securitisation of a portfolio of Finnish consumer auto hire purchase contracts, 2021.
Counsel to Nordea Bank Abp in connection with the update of its U.S.$25,000,000,000 Global Medium-Term Note Programme, 2021 .
Counsel to Nordea Bank Abp in connection with the update of its €50,000,000,000 Euro Medium Term Note Programme, 2021.
Counsel to OP Mortgage Bank in connection with the update of its €10,000,000,000 Euro Medium Term Retained Covered Note Programme, 2021.
Counsel to the joint lead managers with the several issues of the Republic of Finland’s Serial Bonds, 2021.
Counsel to Nordea Bank Abp in connection with its issues under its GMTN and EMTN Programmes, 2021.
Counsel to OP Mortgage Bank in connection with the update of its €20,000,000,000 Euro Medium Term Covered Note Programme, 2021.
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
Counsel to OP Corporate Bank plc in connection with the update of its €20,000,000,000 Euro Medium Term Note Programme, 2021.
Finnish counsel to Brite AB.
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
Counsel to various UK based investment firms and banks on applying for post-Brexit authorisation from the Finnish Financial Supervisory Authority.
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
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).
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.
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
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
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
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
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
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
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.