According to the Finnish Nuclear Energy Act it is licensee's responsibility to ensure safe use of nuclear energy. Radiation and Nuclear Safety Authority (STUK) is the regulatory body responsible for the state supervision of the safe use of nuclear power in Finland. One essential prerequisite for the safe and reliable operation of nuclear power plants is that lessons are learned from the operational experience. It is utility's prime responsibility to assess the operational events and implement appropriate corrective actions. STUK controls licensees' operational experience feedback arrangements and imlementation as part of its inspection activities. In addition to this in Finland, the regulatory body performs its own assessment of the operational experience. Review and investigation of operational events is a part of the regulatory oversight of operational safety. Review of operational events is done by STUK basically at three different levels. First step is to perform a general review of all operational events, transients and reactor scram reports, which the licensees submit for information to STUK. The second level activities are related to the clarification of events at site and entering of events' specific data into the event register database of STUK. This is done for events which meet the set criteria for the operator to submit a special report to STUK for approval. Safety significance of operational events is determined using probabilistic safety assessment (PSA) techniques. Risk significance of events and the number of safety significant events are followed by STUK indicators. The final step in operational event assessment performed by STUK is to assign STUK's own investigation team for events deemed to have special importance, especially when the licensee's organisation has not operated as planned. STUK launches its own detail investigation once a year on average. An analysis and evaluation of event investigation methods applied at STUK, and at the two Finnish nuclear power plant operators Teollisuuden Voima Oy (TVO) and Fortum Power and Heat Oy (Fortum) was carried out by the Technical Research Centre (VTT) on request of STUK at the end of 1990s. The study aimed at providing a broad over-view and suggestions for improvement of the whole organisational framework to support event investigation practices at the regulatory body and at the utilities. The main objective of the research was to evaluate the adequacy and reliability of event investigation analysis methods and practices in the Finnish nuclear power industry and based on the results to further develop them. The results and suggestions of the research are reviewed in the paper and the corrective actions implemented in event investigation and operating experience procedures both at STUK and at utilities are discussed as well. STUK has developed its own procedure for the risk-informed analysis of nuclear power plant events. The PSA based event analysis method is used to assess the safety significance and importance measures associated with the unavailability of components and systems subject to Technical Specifications. The insights from recently performed PSA based analyses are also briefly discussed in the paper. (C) 2004 Elsevier B.V. All rights reserved.