When applying for a licence or support or submitting a tender requires that a security is lodged, the approved forms of security are a cash deposit and a security pledge provided by a guarantor approved by the Finnish Food Authority. A cash deposit is to be paid to the following bank account of the Finnish Food Authority:
FI72 1804 3000 0162 38
FI82 8129 9710 0128 73
A security pledge shall be of a predetermined form and the customer negotiates the security pledge with his or her own financial institution. A sample of the security pledge is available on request by e-mail from the Finnish Food Authority (email@example.com). A signed bank guarantee pledge shall be sent to the Finnish Food Authority to:
Finnish Food Authority
P.O. Box 100 (Alvar Aallon katu 5)
00027 FINNISH FOOD AUTHORITY, Finland
In urgent cases a receipt of the cash deposit or the signed bank guarantee pledge can be sent first by e-mail (to firstname.lastname@example.org). A statement of the account will be sent to the customer. No interest shall be paid on a cash deposit. The customer pays for any expense incurred in connection with the bank guarantee.
The Finnish Food Authority decides on the release of an assigned security or forfeits it in accordance with requirements laid down by EU legislation on the organization of markets.
In case the customer has pledged a cash guarantee, the sum to be forfeited shall be deducted from this security. If the customer has provided a bank guarantee as a security, the Finnish Food Authority shall invoice the customer for the sum to be forfeited.
When the customer no longer requires the security and the Finnish Food Authority has been able to release it, it is the duty of the customer to request that the security is returned.
Commission Delegated Regulation (EU) 2022/127 of 7 December 2021 supplementing Regulation (EU) 2021/2116 of the European Parliament and of the Council with rules on paying agencies and other bodies, financial management, clearance of accounts, securities and use of euro
Commission Implementing Regulation (EU) 2022/128 of 21 December 2021 laying down rules for the application of Regulation (EU) 2021/2116 of the European Parliament and of the Council on paying agencies and other bodies, financial management, clearance of accounts, checks, securities and transparency.
Entry into force
This Guide is valid as of January 19, 2023