The regulatory body operates within the Finnish Transport and Communications Agency (Traficom).
The rail regulatory body makes decisions independently and its decisions are binding on all parties concerned. In addition to the Head of Unit, the regulatory body employs two special advisers. Directive 2012/34/EU of the European Parliament and of the Council establishing a single European railway area strengthened the position of the Regulatory Body and enhanced the requirements for its independence. Moreover, the Directive set new requirements for the funcions of the regulatory body and ensured closer cooperation between the regulatory bodies of the railway sector in Member States. One of the new requirements involves the obligation of the regulatory body to consult the representatives of users of the rail freight and passenger transport services.
The European Commission has made the Europe-wide harmonisation and standardisation of the rail market into a very high priority over the next few years. One of the key aims of cooperation is to establish a single, competitive, efficient and sustainable railway area in Europe.
IRG-Rail, the Independent Regulators’ Group – Rail, a network of independent rail regulatory bodies of EU Member States, was established in June 2011. It acts as a platform for information exchange and sharing of experiences and best practice between national railway regulators. Moreover, IRG-Rail actively influences decision-making within the European Union.