Regulatory AlertsRegulations and general guidelines regarding special supervision of financial conglomerates (FFFS 2011:26)
The Swedish Financial Supervisory Authority issued these regulations to establish special supervision of financial conglomerates, including internal control procedures and annual reporting requirements. Recent amendments adapt the framework to the new Insurance Business Act and align terminology with the Capital Requirements Regulation while repealing previous directives. The latest changes remove specific reporting obligations for risk concentrations and internal transactions, replacing them with templates defined in a new implementation regulation effective in 2023 and 2025.
Regulations and general guidelines regarding special supervision of financial conglomerates
In force from 2011-05-01
Summary
The regulations regulate Finansinspektionen's supervision of financial conglomerates. For example, they introduce regulations on procedures for internal control at the conglomerate level and reporting information to FI on an annual basis.
The regulations adapt the regulatory framework to the new Insurance Business Act. The regulations repeal FFFS 2006:6.
Amendments
The amendment entails that the reference to the Capital Requirements Regulation in section 4 has been updated to the regulation's revised name.
The amendment enters into force as of 1 January 2025. Amendment 2024:15
Summary
Under the amended regulations, financial conglomerates no longer need to report information about significant risk concentrations and significant internal transactions on the forms in the regulations.
The objective is to adapt the regulations to a new implementation regulation that contains reporting templates that the financial conglomerates should use instead to report this information.
The amendments enter into force on 5 July 2023. Amendment 2023:9
FI is adjusting the terminology to agree with that used in the Capital Requirements Regulation. FI is also updating references to acts and regulations that have been repealed with references to the acts and regulations that replaced them. The amendments enter into force on 2 August 2014. Amendment 2014:24
Documents
FFFS 2011:26
Changes
Number
FFFS 2024:15
Date
2025-01-01
Heading
FFFS 2024:15
Number
FFFS 2023:9
Date
2023-07-05
Heading
FFFS 2023:9
Number
FFFS 2014:24
Date
2014-08-02
Heading
FFFS 2014:24