Regulatory Alerts2016-09-26
Finansinspektionen’s regulations regarding insurers from a third country conducting business in Sweden (FFFS 2015:10)
Finansinspektionen issued regulations specifying the documentation and operational requirements for third-country insurers seeking authorization to conduct business in Sweden. The rules mandate detailed submissions including a scheme of operations with solvency forecasts, governance structures, and three years of financial statements to ensure compliance with Swedish insurance laws. These regulations replace previous directives and establish standardized procedures for assessing the suitability of foreign insurers and their representatives.
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