Regulatory Alerts2011-10-12
Regulations repealing Finansinspektionen's regulations regarding subordinated loans in insurance companies' available solvency margins
Finansinspektionen issued regulations on 25 March 2011 to repeal its previous rules (FFFS 2007:8) concerning subordinated loans in insurance companies' solvency margins. The repeal takes effect at the end of March 2011, removing the regulatory framework for these financial instruments. However, the repealed regulations continue to apply to subordinated loans that received prior consent from Finansinspektionen before 1 April 2011.
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. FFFS 2011:18 Published on 1 April 2011 Regulations repealing Finansinspektionen’s regulations (FFFS 2007:8) regarding subordinated loans in insurance companies’ available solvency margins; decided on 25 March 2011. Finansinspektionen prescribes pursuant to section 49 of the Insurance Business Ordinance (1982:790) that Finansinspektionen’s regulations (FFFS 2007:8) regarding subordinated loans in insurance companies’ available solvency margin shall be repealed at the end of March 2011. However, the regulations shall continue to apply to subordinated loans that may be included in the available solvency margin following consent from Finansinspektionen that was decided prior to 1 April 2011. MARTIN ANDERSSON Anders Lindkvist
1