Financial Supervision Authority and HEX Tallinn sign data transmission agreement

18.02.2003 TLN

On February 18, Financial Supervision Authority (FSA) and HEX Tallinn signed data transmission agreement promoting more effective operation of securities market surveillance.

Proceeding from the agreement the FSA shall obtain free of charge access through HEX Tallinn e-registry to all shareholders’ lists registered with the Estonian central register of securities. The Estonian CSD, part of HEX Tallinn group, runs the Estonian central register of securities.

This agreement is the first step towards development of IT-based securities market monitoring system.

Andres Trink, chairman of the FSA, said that the data transmission agreement is the base for enhancement of securities market surveillance. “This fast and convenient technical solution means substantively good cooperation,” he added.

Gert Tiivas, HEX Tallinn chairman said the FSA has taken over within a year several securities market surveillance tasks that were up until now run by the Tallinn Stock Exchange (TSE). “This is a sensible and positive development as the FSA has the lawful powers and resources for surveillance,” he explained. “This, however, does not mean the TSE’s role in surveillance would be eliminated. From now on our main contribution shall be information delivery and assistance of the FSA.”

Additional information:

FSA: Krätli Lauk, phone: +372 6680518
HEX Tallinn: Eva Palu, phone: +372 6408800, e-mail: