Guidelines regarding the establishment of rules of procedures by boards of directors of Financial Undertakings

22.2.2007

The FME has published an English version of Guidelines no. 4/2006 regarding the establishment of rules of procedures by boards of directors of Financial Undertakings. In particular, the rules are required to address the implementation of procedures concerning the conflict of interest situations of board members, handling of information on individual customers by the board, participation of board members in the boards of subsidiaries and associated companies, and the implementation of rules on handling of business dealings with connected parties. It is furthermore provided that the rules should be forwarded to the Financial Supervisory Authority (FME).

The guidelines can be downloaded here.

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