Regulatory Alerts2012-01-09
Regulations repealing Finansinspektionen's regulations on foreign management companies and collective investment undertakings in Sweden
Finansinspektionen, Sweden's financial supervisory authority, has issued regulations to repeal its previous rules (FFFS 2004:3) concerning the operations of foreign management companies and foreign collective investment undertakings in Sweden. This legislative action removes the prior regulatory framework that governed these entities' activities within the country. The repeal is scheduled to enter into force on 1 August 2011.
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 repealing Finansinspektionen's regulations (FFFS 2004:3) regarding the operations of foreign management companies and foreign collective investment undertakings in Sweden; decided on 28 June 2011. Finansinspektionen prescribes pursuant to section 14, point 2 of the Investment Funds Ordinance (2004:75) that Finansinspektionen's regulations (FFFS 2004:3) regarding the operations of foreign management companies and foreign collective investment undertakings in Sweden shall be repealed.
These regulations shall enter into force on 1 August 2011. MARTIN ANDERSSON Sebastian Åberg
FFFS 2011:43 Published 1 July 2011