Regulatory Alerts2023-12-11
Regulations amending Finansinspektionen’s regulations regarding alternative investment fund managers
Finansinspektionen issued regulations amending its rules for alternative investment fund managers to extend adjusted fund unit value provisions to managers of special funds. The amendment inserts a new section into Chapter 12, stipulating that rules previously applicable to Swedish UCITS funds now apply to AIF managers managing special funds. These regulations entered into force on 1 July 2023.
Finansinspektionen’s Regulatory Code Publisher: Chief Legal Counsel Eric Leijonram, Finansinspektionen, Sweden, www.fi.se ISSN 1102-7460 This translation is furnished solely for information purposes. Only the printed version of the regulation in Swedish applies for the application of the law. 1 Regulations amending Finansinspektionen’s Regulations (FFFS 2013:10) regarding alternative investment fund managers; decided 20 June 2023. Finansinspektionen prescribes pursuant to section 6a of the Alternative Investment Fund Managers Ordinance (2013:587) that in Finansinspektionen’s regulations (FFFS 2013:10) regarding alternative investment fund managers, a new section in Chapter 12, section 7a and a new heading immediately preceding Chapter 12, section 7a shall be inserted with the following wording. Chapter 12 Adjusted fund unit value Section 7a The provisions set out in Chapter 7, section 8a of Finansinspektionen's regulations (FFFS 2013:9) regarding Swedish UCITS funds with regard to an adjusted fund unit value shall also apply to an AIF manager that manages special funds. The provisions stated there regarding Swedish management companies shall refer to AIF managers, and the provisions regarding Swedish UCITS shall refer to special funds.
These regulations shall enter into force on 01 July 2023. DANIEL BARR Mattias Laine FFFS 2023:11 Published on 27 June 2023