Registered alternative investment fund manager
Samla Capital Oy is a registered alternative investment fund manager supervised by the Finnish Financial Supervisory Authority. On this page we explain why supervision is a good thing, which authorisations Samla Capital has held, how the authorisations differ and what the changes mean in practice.
What does supervision mean?
Samla Capital was entered in the register of alternative investment fund managers maintained by the Financial Supervisory Authority in 2015. The reason is that we manage investors’ assets through alternative investment funds.
What supervision ensures
The purpose of supervision is to assure investors that we act transparently, responsibly and in accordance with the law, with the interests of investors and the stability of the markets in mind.
What the Financial Supervisory Authority monitors
The Financial Supervisory Authority monitors risk management, reporting and the valuation of the funds, among other things, so that investors have a clear and reliable picture of how their assets are managed.
From registration to authorisation and back to registration
An alternative investment fund manager may hold either a registration or an authorisation. If the assets under management including debt, that is the gross asset value, exceed 100 million euros, an authorisation is required. If the assets remain below that, either one is sufficient.
An authorisation requires heavier reporting from the management company, whereas the reporting of registered managers is lighter. Samla Capital began operating in 2015 with a registration. As the assets under management grew, the company applied for an authorisation and received it in 2018. In 2026 the assets under management fell below 100 million euros, and the company decided to change the authorisation back to a registration.
Samla Capital Oy was founded. The company was entered in the Trade Register on 10 April 2015.
The company submitted an application to the Financial Supervisory Authority for registration as an alternative investment fund manager and was entered in the register in 2015.
The Financial Supervisory Authority granted the company authorisation as an alternative investment fund manager.
The company submitted an application to the Financial Supervisory Authority for the withdrawal of the authorisation and for registration.
The Financial Supervisory Authority withdrew the authorisation as applied for and entered the company on the same day as a registered alternative investment fund manager.
Registration shows that the requirements of the law are met
The change from an authorisation to a registration benefits investors because it lowers the compliance costs borne by the funds, which raises the return on the investments. At the same time the workload the management company spends on reporting decreases, so it can direct resources to investment activity and portfolio management.
What stayed the same
A registered manager is subject to a lighter set of rules than an authorised one. This did not change Samla Capital’s internal processes, because the processes that support investment activity have to be in order at all times. Not because supervision requires it, but because the investment activity itself does.
What the Financial Supervisory Authority reviewed
In connection with the registration, the Financial Supervisory Authority reviewed Samla Capital’s governance and the documentation of the funds. On the basis of the review the conditions for registration were met and the registration was granted. This shows that Samla Capital’s operations are organised in accordance with the law.
Regulatory status tells you the size of the operation and the rules it follows. It does not tell you how well it is run. We report that with figures.
See also
Read here what caused the assets under management to fall below 100 million euros.