Article 1
The State aid which Finland has implemented for so-called captive insurance companies in the County of Åland (ÅFS 109/93 with subsequent amendments) is incompatible with the common market.
2002/937/EC: Commission Decision of 10 July 2002 on the aid scheme implemented by Finland for Åland Islands captive insurance companies (notified under document number C(2002) 2410) (Text with EEA relevance)
2002/937/EC: Commission Decision of 10 July 2002 on the aid scheme implemented by Finland for Åland Islands captive insurance companies (notified under document number C(2002) 2410) (Text with EEA relevance)
Data as of 2026-07-04 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗
Article 2
Finland shall withdraw the scheme referred to in Article 1.
Article 3
Finland shall inform the Commission, within two months of notification of this Decision, of the measures taken to comply with it.
Article 4
This Decision is addressed to the Republic of Finland. Done at Brussels, 10 July 2002. For the Commission Mario Monti Member of the Commission (1) OJ L 309, 1.11.2001, p. 4. (2) See footnote 1. (3) OJ C 83, 27.3.1999, p. 1 (4) OJ C 2, 6.1.1998, p. 2. (5) OJ C 384, 10.12.1998, p. 3. (6) With regard to the concept of "tax expenditure", see "Tax expenditures. Recent experiences", OECD, Paris, 1996; see also Stanley S. Surrey, "Tax incentives as a device for implementing government policy: A comparison with direct government expenditures", Harvard Law Review, Volume 83, No 4, pages 705 to 738. (7) See Case 248/84 Germany v Commission [1987] ECR 4013. (8) See Case 173/73 Italy v Commission [1976] ECR, 709 at paragraph 13. (9) See footnote 4. (10) Community guidelines on State aid for environmental protection (OJ C 72, 10.3.1994, p. 3). (11) Guidelines on national regional aid (OJ C 74, 10.3.1998, p. 9).
Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.
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