Regulatory Alerts2019-01-22
Regulations amending Finansinspektionen’s regulations regarding mortgage business
Finansinspektionen amended its regulations on mortgage lending business to require undertakings to append a general risk assessment and internal rules to their applications. These documents must be prepared in accordance with the Anti Money Laundering and Terrorist Financing Act and specific Finansinspektionen guidelines on measures against money laundering and terrorist financing. The regulations entered into force on 1 August 2017.
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 amending Finansinspektionen’s regulations and general guidelines (FFFS 2016:29) regarding mortgage business; decided 26 June 2017. Finansinspektionen prescribes pursuant to section 12, point 1 of the Mortgage Business Ordinance (2016:1033) that Chapter 2, section 16 of Finansinspektionen’s regulations and general guidelines (FFFS 2016:29) regarding mortgage lending business shall have the following wording. Chapter 2 Section 16 An undertaking shall, to its application, append a general risk assessment, internal rules and procedures, etc. prepared in accordance with the provisions in Chapters 2–6 of the Anti Money Laundering and Terrorist Financing Act (2017:630) and Chapter 2, section 1 of Finansinspektionen’s regulations (FFFS 2017:11) regarding measures against money laundering and terrorist financing.
These regulations shall enter into force on 1 August 2017. ERIK THEDÉEN Jenny Stenhammar Gothnier FFFS 2017:16 Published 30 June 2017