Regulatory Alerts2018-11-15
Regulations amending Finansinspektionen’s regulations and general guidelines regarding payment institutions and registered payment service providers (FFFS 2018:6)
Finansinspektionen issued these amendments to update the regulatory framework for payment institutions and registered payment service providers in Sweden. The regulations specify detailed application requirements for authorization and exemptions, including mandatory business plans, financial forecasts, and proof of professional indemnity insurance. Additionally, the text introduces new provisions for reporting obligations, cross-border operations within the EEA, and enhanced organizational and risk management standards for entities providing payment initiation or account information services.
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