Information on granted permission: Permission under Article 49 (1) of the EU Capital Requirements Regulation to not deduct insurance holdings from the consolidated core capital

TAALERI PLC                                 STOCK EXCHANGE RELEASE   31 January 2019 AT 15.10 EET

Information on granted permission: Permission under Article 49 (1) of the EU Capital Requirements Regulation to not deduct insurance holdings from the consolidated core capital

The Finnish Financial Supervisory Authority has today given Taaleri Plc. permission pursuant to Article 49 (1) of the EU Capital Requirements Regulation (EU) 575/2013 (CRR).

The permission entitles Taaleri Plc. to not deduct the investments in the own funds instruments of Garantia Insurance Company Limited from the consolidated core capital (CET1) of the investment services firm. Garantia is part of Taaleri Plc's financing and insurance conglomerate supervised by the Financial Supervisory Authority. Instead of deduction, investments in insurance company should be risk-weighted in accordance with CRR Article 49 (4). The permit is for a fixed term and is valid until 31.12.2020.

Taaleri Plc had a similar fixed-term permission pursuant to Article 49 CRR that was valid until 31 December 2018. With the permission now granted, Taaleri is able to develop its business with the current organizational structure in a more long-term manner and to use capital more efficiently.

Taaleri Plc.

Communications

Further information:

CFO Minna Smedsten Oyj, tel. 738,

Taaleri in brief

Taaleri is a Finnish financial service company, whose parent company Taaleri Plc is listed on Nasdaq Helsinki's main market. The Taaleri Group comprises three business areas: Wealth Management, Financing, and Energy. Taaleri provides services to institutional investors, companies and private individuals. The Group’s operational subsidiaries are: Taaleri Wealth Management Ltd and its subsidiaries, Taaleri Private Equity Funds Group, Taaleri Investments Group, Taaleri Energia Oy Group and Garantia Insurance Company Ltd. In addition, Taaleri has associated companies Fellow Finance Plc, which offers peer-to-peer lending services, Ficolo Oy developing data centers, and Turun Toriparkki Oy and Munkkiniemi Group Oy that are real estate project companies.

At the end of June 2018, Taaleri had assets under management totalling EUR 6.0 billion and 4,600 asset management customers. Taaleri Plc has some 4,100 shareholders. Taaleri’s operations are supervised by the Finnish Financial Supervisory Authority.

More information about our company and services: 

Sophie Jolly, Head of Communications and IR, , tel. 7