LogoRegulatory Alerts
2024-12-20

Regulations amending Finansinspektionen’s rules on reporting qualifying holdings and participating interests

Finansinspektionen issued regulations amending FFFS 2011:14 to update reporting requirements for qualifying holdings and participating interests. The amended rules apply to a broad range of financial entities including banking companies, investment firms, insurance companies, and AIF managers. These entities must report general register information and details on subsidiaries and participating interests in accordance with the appendix, with the regulations entering into force on 1 July 2024.

Finansinspektionen logo

Sweden

Finansinspektionen

Click to view thumbnail

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 and general guidelines (FFFS 2011:14) regarding reporting of owners’ qualifying holdings and participating interests; decided on 18 June 2024. Finansinspektionen prescribes pursuant to Chapter 6, section 1, point 56 of the Securities Market Ordinance (2007:572) and section 4, point 5 of the Clearing and Settlement of Payments Ordinance (2024:127) that sections 1 and 2 of Finansinspektionen’s regulations and general guidelines (FFFS 2011:14) regarding the reporting of owners’ qualifying holdings and participating interests shall have the following wording. Section 1 These regulations apply to

  1. banking companies,
  2. members’ banks,
  3. savings banks,
  4. credit market companies,
  5. credit market associations,
  6. investment firms,
  7. Swedish management companies,
  8. insurance companies,
  9. insurance associations.
  10. mutual national insurance companies,
  11. exchanges,
  12. clearing companies,
  13. institutions for electronic money,
  14. deposit firms,
  15. financial institutions, and
  16. AIF managers. Section 2 Joint stock banks, members' banks, savings banks, credit market firms, credit market associations, investment firms, Swedish management companies, insurance companies, insurance associations, mutual national insurance companies, stock exchanges, clearing companies, electronic money institutions, and AIF managers shall, where applicable, report to Finansinspektionen general register information and information about qualifying holdings, subsidiaries, step-down subsidiaries and other participating interests in accordance with the appendix. Legal persons only need to report information about compliance officers and complaint officers if they are obligated by law, ordinance or regulations to have such positions. FFFS 2024:9 Published on 25 June 2024

FFFS 2024:9 2

These regulations shall enter into force on 01 July 2024. DANIEL BARR Axel Olofsson

Share