OP Pohjola Adopts New Communications and Disclosure Policy

OP Pohjola has adopted a new Communications and Disclosure Policy, effective from November 2024. This policy standardizes the fulfillment of disclosure obligations by OP Corporate Bank plc and OP Mortgage Bank plc, both subsidiaries of OP Cooperative. While OP Pohjola itself does not have an independent disclosure obligation, it communicates regulated information to enable debt investors and credit rating agencies to assess the group as a single entity.

The policy outlines the procedures for disclosing, disseminating, and storing information required by law. Both OP Corporate Bank and OP Mortgage Bank will adhere to this framework as issuers of financial instruments. The policy was approved by the Board of Directors of OP Cooperative on October 30, 2024, followed by OP Mortgage Bank's board on October 31, 2024, and OP Corporate Bank's board on November 1, 2024. Finland has been designated as the home member state for periodic disclosure obligations for these entities.

OP Pohjola operates as a cooperative-based financial services provider, comprising OP cooperative banks and the subsidiaries and affiliated entities of OP Cooperative. OP Corporate Bank and OP Mortgage Bank are responsible for the group's funding from money and capital markets. Securities issued by OP Pohjola entities are traded on exchanges including Nasdaq Helsinki, Euronext Dublin, and the London Stock Exchange.

Under Finnish law governing deposit bank amalgamations, OP Cooperative and its member institutions are jointly and severally liable for each other's debts and commitments. The central cooperative, OP Cooperative, is also responsible for providing instructions and supervision to its member institutions concerning internal control, risk management, liquidity, and capital adequacy.