Regulations Amending Finansinspektionen’s Rules on Trading Venue Operations

Finansinspektionen’s Regulatory Code Publisher: Finansinspektionen, Sweden, www.fi.se ISSN 1102-7460 This translation is furnished for information purposes only and is not itself a legal document. 1 Regulations amending Finansinspektionen’s regulations (FFFS 2007:17) governing operations on trading venues; decided on 5 February 2016. Finansinspektionen prescribes pursuant to section 1, point 7 of the Financial Instruments Accounts Ordinance (1999:146), section 4, point 8 of the Financial Instruments Trading Ordinance (2007:375) and Chapter 6, section 1, point 7 of the Securities Market Ordinance (2007:572) with respect to Finansinspektionen’s regulations (FFFS 2007:17) regarding operations on trading venues that Chapter 1, section 1, Chapter 1a, section 21, Chapter 2, sections 1, 3–5, 8 and 9 and Chapter 12, section 9 shall have the following wording. Chapter 1 Section 1 These regulations apply to stock exchanges, clearing organisations, securities institutions, firms whose transferable securities are admitted to trading on a regulated market or MTF, issuers of such transferable securities and for persons preparing prospectuses. Chapter 1a Section 21 The business plan shall include a reference to any guidelines for the handling of events of material significance that the firm has established in accordance with Finansinspektionen’s general guidelines (FFFS 2013:11) regarding reporting of events of material significance. Chapter 2 Section 1 This chapter contains provisions regarding the information a stock exchange, a clearing organisation and their owners shall file with Finansinspektionen in conjunction with an ownership or management assessment pursuant to the Securities Market Act (2007:528). Section 3 A stock exchange, a clearing organisation and their owners shall file written information to Finansinspektionen pursuant to sections 4–9. These documents shall include the information set out in Appendices 1a–1c and 2. Section 4 An application for authorisation to acquire shares or participations in a stock exchange or a clearing organisation shall include the information set out in Appendix 1a for a natural person or Appendix 1b for a legal person. When the acquirer is a legal person, Appendix 1b shall be used for information about the legal person and Appendix 1c for information about board members, FFFS 2016:11 Published on 12 February 2016

FFFS 2016:11 2 alternate board members, managing directors and his or her deputy in the acquiring legal person. Section 5 With respect to a natural person who has a qualifying holding of shares or participations in a stock exchange or a clearing organisation, the information set forth in section 1 of Appendix 1a shall be appended to an application for authorisation to conduct operations. Where the owner is a legal person, the information set forth in section 1 of Appendix 1b shall be appended. With respect to a board member, alternate board member, managing director or deputy managing director in a firm who owns a qualifying holding, the information set forth in Appendix 1c shall be appended to an application for authorisation to conduct business. Section 8 An application for a change in management of a firm that has a qualifying holding in a stock exchange or a clearing organisation shall contain the information as set forth in Appendix 1c. The changes that require a notification are set forth in section 9.

Section 9 A stock exchange and a clearing organisation shall inform Finansinspektionen when new persons are appointed to the following positions within the firm: – chairman of the board, – board member, – alternate board member, – managing director or deputy managing director, i.e. a person serving in the managing director's stead. Stock exchanges and clearing organisations shall also notify Finansinspektionen when the number of board members is decreased. The information set forth in Appendix 2 shall be appended to the notification when a new board member, alternate board member, managing director or deputy managing director is appointed in a stock exchange or a clearing organisation. Chapter 12 Section 9 The short holding period specified in Chapter 4, section 12, point 1 of the Financial Instrument Trading Act (1991:980) may be at the most two trading days from the day of the transaction.

---

1. These regulations shall enter into force on 1 March 2016.
2. However, older regulations apply to central securities depositories which during a transitional period apply Act (1998:1479) with regard to central securities depositories and financial instrument accounts in its wording prior to 1 March

ERIK THEDÉEN Johanna Bergqvist