Term of the authorised FSA representative for Elo to end

On 31 May 2022, the Financial Supervisory Authority (FIN-FSA) decided that the term of Pekka Jaatinen, attorney and Master of Laws with court training, as the authorised representative for Elo will end on 30 June 2022. Jaatinen was appointed on 11 December 2020 to supervise Elo’s operations as the authorised representative of FSA.

“We have accomplished the measures required by the Financial Supervisory Authority to develop our corporate governance. The most recent actions were taken in March 2022. During the spring, or the third and final phases of the supervision, the authorised representative monitored the functioning and impact of the measures. Our co-operation with Pekka Jaatinen proceeded well throughout the process”, explains Carl Pettersson, CEO of Elo.

“At this stage, I wish to extend my gratitude to the entire organisation of Elo, our Board and Supervisory Board, as well as the authorised representative, with whom we have worked actively to ensure that our operational models meet the standards set by the Financial Supervisory Authority,” Petterson states. “We are now stronger than before and can confidently continue towards the next strategy period of Elo.”

More information: CEO Carl Pettersson; interview requests to Head of Communications Hanna Saira, tel. +358 50 387 5742