FINLAND CONTENTS
6.7 Rules of Payment for Order Flow p.278 6.8 Market Integrity Principles p.279 7. High-Frequency and Algorithmic Trading p.279 7.1 Creation and Usage Regulations p.279 7.2 Requirement To Be Licensed or Registered as a Market Maker When Functioning in a Principal Capacity p.279
7.3 Regulatory Distinction Between Funds and Dealers p.279 7.4 Regulation of Programmers and Programming p.279 8. Insurtech p.279 8.1 Underwriting Processes p.279 8.2 Treatment of Different Types of Insurance p.279 9. Regtech p.279 9.1 Regulation of Regtech Providers p.279 9.2 Contractual Terms to Ensure Performance and Accuracy p.279 10. Blockchain p.280 10.1 Use of Blockchain in the Financial Services Industry p.280 10.2 Local Regulators’ Approach to Blockchain p.280 10.3 Classification of Blockchain Assets p.280 10.4 Regulation of “Issuers” of Blockchain Assets p.280 10.5 Regulation of Blockchain Asset Trading Platforms p.281 10.6 Staking p.281
10.7 Crypto-Related Lending p.281 10.8 Cryptocurrency Derivatives p.281 10.9 Decentralised Finance (DeFi) p.281 10.10 Regulation of Funds p.282 10.11 Virtual Currencies p.282 10.12 NFTs p.282 10.13 Stablecoins p.282 11. Open Banking p.283 11.1 Regulation of Open Banking p.283 11.2 Concerns Raised by Open Banking p.283 12. Fraud p.283 12.1 Elements of Fraud p.283
12.2 Areas of Regulatory Focus p.283 12.3 Responsibility for Losses p.283
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