Lakisääteilijän

Lakisääteilijän refers to a regulator or controller that is established or mandated by law in Finland. This term broadly encompasses various public bodies, agencies, or authorities whose powers and functions are defined and limited by legislation. These entities are created to oversee and manage specific sectors or activities within society, ensuring compliance with legal requirements and promoting public interest. The authority of a lakisääteilijän stems directly from statutes passed by the Finnish Parliament.

Examples of lakisääteilijät include governmental ministries, independent regulatory agencies such as the Financial Supervisory Authority (FIN-FSA) or the Finnish Medicines Agency (Fimea), and even certain municipal bodies that have been granted specific legal responsibilities. Their core purpose is to implement and enforce laws, issue licenses, set standards, conduct inspections, and impose sanctions when necessary. The establishment of such bodies is a fundamental aspect of good governance, providing a framework for accountability and ensuring that critical areas of society operate in accordance with the law and societal objectives. Their operations are subject to administrative law and judicial review, guaranteeing that they act within their legal mandate.