2014-12-15
Finansinspektionen issued regulations amending its rules for institutions for electronic money and registered issuers to align with European Union standards. The amendments restrict the investment of funds by these institutions to specific liquid assets with low risk as defined in Article 336(1) of Regulation (EU) No 575/2013. These changes entered into force on 2 August 2014.
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 2011:49) regarding institutions for electronic money and registered issuers; decided on 26 June 2014. Finansinspektionen prescribes pursuant to section 6, point 5 of the Electronic Money Ordinance (2011:776) with regard to Finansinspektionen’s regulations and general guidelines (FFFS 2011:49) regarding institutions for electronic money and registered issuers in part that current Chapter 10, section 9 immediately following the heading “Exceptions” shall be designated Chapter 10, section 10, in part that Chapter 9, section 3 shall have the following wording, Chapter 9 Section 3 An institution for electronic money or a registered issuer which pursuant to Chapter 3, section 7, second paragraph of the Electronic Money Act (2011:755) opts to invest funds in liquid assets with low risk may only do so in assets covered by table 1, second line of Article 336(1) of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012. Funds may however not be invested in other eligible securities according to the definition in point 4 of the same Article.
These regulations shall enter into force on 2 August 2014. ANNIKA ZERVENS Camilla Edvardsson FFFS 2014:26 Published on 9 July 2014