An investment firm operating in Estonia files seven solo supervisory reports with Finantsinspektsioon: balance sheet, profit-and-loss statement, claims-and-liabilities, securities, derivatives, investment-services and supplementary profit-and-loss reports.
Riigiteataja A foreign investment firm's Estonian branch files six solo reports under § 10(3): balance sheet, profit-and-loss statement, claims-and-liabilities, securities, investment-services and supplementary profit-and-loss reports — the derivatives report is required only of firms under § 10(1)Riigiteataja. A consolidation-group parent files three consolidated reports — balance sheet, profit-and-loss statement and group securities report.Riigiteataja
The filing calendar turns on the firm's licence. A firm licensed for the activities in Väärtpaberituru seadus § 43(1) points 3 or 6 reports the first five solo reports monthlyRiigiteataja and the investment-services and supplementary reports quarterlyRiigiteataja; other firms report all seven quarterlyRiigiteataja. The two quarterly solo reports are due within 20 days after the quarter endsRiigiteataja, and a deadline on a day off moves to the next working dayRiigiteataja. All reports are filed electronically as XMLRiigiteataja, in EstonianRiigiteataja and in Estonia's official currencyRiigiteataja; a firm with nothing to report files an empty reportRiigiteataja. Finantsinspektsioon checks each filing on receipt and tells the filer at once about defects.
Alongside the reporting framework sits the valuation method the investor-protection sub-fund's quarterly levy rests on. It covers the investment institutions in Tagatisfondi seadus § 43(1) — investment firms, credit institutions and authorised fund managersRiigiteataja — and the Estonian branches of foreign investment institutions under §§ 45(2) and 46Riigiteataja. The levy is the sum of the payment amounts computed under §§ 4–6 multiplied by the Tagatisfond council's rateRiigiteataja, subject to the statutory minimum in § 53(4)Riigiteataja; a branch counts only its own figuresRiigiteataja.
A traded security is valued from the closing price on a regulated market in the issuer's home country on the valuation dayRiigiteataja, falling back to the previous day's home-country price or the latest known closing priceRiigiteataja. Where several home-country regulated markets exist and timing cannot pick the closest price, § 10(3) prefers the price on a regulated market within the meaning of Väärtpaberituru seadus § 3(2) — highest price if several qualifyRiigiteataja — and § 10(4) takes the highest closing price where none of the markets is in that categoryRiigiteataja. Ten working days without a home-country transaction move valuation to the closest price on other regulated markets where the security tradesRiigiteataja; ten days without any regulated-market transaction move it to the latest known closing price or bid quotation, whichever better reflects market valueRiigiteataja; twenty days without trading anywhere relevant invoke the non-traded-security rules of § 11Riigiteataja. Decisions under §§ 10–12 must be justified in writing if Tagatisfond or Finantsinspektsioon asksRiigiteataja.
No amendment is stated anywhere in the documents: the reporting framework records adoption on 28.11.2008Riigiteataja with entry into force on 01.01.2009Riigiteataja, and the valuation procedure records adoption on 23.10.2002Riigiteataja with entry into force on 01.11.2002Riigiteataja.
Legal basis: Rahandusministri määrus No 40 of 28.11.2008 on investment-firm reporting content, method and filingRiigiteataja, adopted under Väärtpaberituru seadus § 108(3)–(4), with definitions in §§ 3–9 and filing duties in §§ 10–12 and §§ 16–19¹; and The investor-protection sub-fund quarterly levy and investment valuation (Investorikaitse osafondi kvartaliosamakse arvutamise ning investeeringu väärtuse määramise kord), adopted 23.10.2002Riigiteataja under Tagatisfondi seadus § 42(3), § 53(6) and § 54(2): the levy computation in §§ 3–6 and valuation in §§ 7–12.
Check which solo-reporting set and filing frequency apply to the firm's licence, and use the §10 closing-price cascade for investor-protection valuations.
