2022-02-23
Finansinspektionen issued these general guidelines to amend its previous regulations regarding auditors appointed under various Swedish financial statutes. The document specifies that the guidelines apply to auditors appointed pursuant to the Insurance Business Act, Banking and Financing Business Act, and several other related acts. These amended guidelines entered into force on 1 November 2020 and include the removal of section 69 of the Mutual Benefit Societies Act.
Finansinspektionen’s Regulatory Code Publisher: 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 General guidelines amending Finansinspektionen’s general guidelines (FFFS 2004:10) for auditors appointed by Finansinspektionen; decided on 13 October 2020. Finansinspektionen decides with regard to Finansinspektionen’s general guidelines (FFFS 2004:1) for auditors appointed by Finansinspektionen that section 1 shall have the following wording. Section 11 These general guidelines apply to auditors who have been appointed by Finansinspektionen in accordance with the following provisions: − Chapter 17, section 11 of the Insurance Business Act (2010:2043), − Chapter 13, section 9 of the Banking and Financing Business Act (2004:297), − Chapter 8, section 9 of the Insurance Distribution Act (2018:1219), − Section 5 of the Supervision of Mortgage Credit Institutions Ordinance (1970:68), − Chapter 10, section 7 of the Swedish UCITS Act (2004:46), − Chapter 23, section 7 of the Securities Market Act (2007:528), − Chapter 9, section 1 of the Financial Instruments Accounts Act (1998:1479), and − Chapter 10, section 7 of the Investment Funds Act (2004:46).
These general guidelines shall enter into force on 01 November 2020. ERIK THEDÉEN Nanny Hiort 1 The amendment entails that section 69 of the Mutual Benefit Societies Act (1972:262) has been removed. FFFS 2020:17 Published on 19 October 2020