Security templates for financial institutions

The financial institution submits the security required of the organiser to the FCCA. The security may be either a guarantee or a pledge. The organiser agrees on the form of the security with the financial institution. The financial institution must use the security templates (models) approved by the FCCA.

The original security must be submitted to the Finnish Competition and Consumer Authority by the deadline specified by the FCCA in its decision concerning the security.

Missing the deadline will automatically result in an ‘insufficient security’ entry in the Travel Guarantee Register for the organiser in question.

The financial institution must have the right to engage in financing activities and be domiciled in the European Economic Area.

Security templates

The Finnish Competition and Consumer Authority only accepts securities provided on these templates.

  • No modifications may be made to the templates.
  • Financial institutions may not add their additional conditions to the templates.

In addition to the security, information on the signatories’ right to sign must be given to the FCCA.

If the security provider is established in another EU / EEA country, an investigation must be submitted from the relevant authority in the country of establishment on the right of a foreign financial institution to engage in financing activities.

Mailing address: Finnish Competition and Consumer Authority
P.O. Box 5
00531 Helsinki

Submission of Electronic Securities

Securities may also be submitted to the Finnish Competition and Consumer Authority as electronic documents. The signatures in an electronic security must meet at least the requirements for advanced electronic signatures.

There are different levels of electronic signatures. An advanced electronic signature ensures both the identity of the signer and the integrity of the document’s content. For example, a signature made using a mobile certificate or online banking credentials is classified as an advanced electronic signature.

All signatures in an electronic security must be electronic. A security containing both an electronic and a handwritten signature does not meet the requirements for an electronic document.

Securities that do not meet the requirements for electronic documents will be processed as paper submissions. In such cases, the original security with handwritten signatures must be sent by post to the FCCA. A document from the bank confirming the authenticity and validity of the electronic signature must be attached to the security, such as a timestamped printout.

Electronic securities are submitted via secure email to kirjaamo@kkv.fi by the deadline specified in the security decision. If the security is issued by a foreign bank, a statement confirming the validity of the electronic trust service used and the level of the signature must also be provided. In Finland, electronic trust services are supervised by the Cybersecurity Center of Traficom.

Lue myös

Travel organiser’s security

2.12.2021 | Accommodation services