Regulatory Alerts2016-09-26
Finansinspektionen’s regulations regarding notification of certain acquisitions (FFFS 2016:1)
Finansinspektionen issued regulations requiring banking and credit market entities to notify the regulator prior to acquiring property. The notification obligation applies when the purchase price is at least SEK 10 million and represents between 10 and 25 percent of the acquiring firm's own funds. These rules entered into force on 1 February 2016 and apply to banking companies, savings banks, members’ banks, credit market companies, and credit market associations.
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