Regulatory Alerts2016-09-02
Regulations amending Finansinspektionen’s regulations regarding recovery plans and intra-group financial support agreements
Finansinspektionen amended its regulations to introduce simplified recovery plan obligations for credit institutions and securities companies whose failure would have a negligible impact on financial markets or the economy. The new framework allows eligible firms to submit reduced-content recovery plans based on specific criteria such as size, risk profile, and interconnectedness, while maintaining stricter requirements for entities with broader systemic implications. These regulations entered into force on 15 July 2016, requiring undertakings to prepare their plans by 1 January 2017 or 31 October 2016 depending on their capital buffer status.
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