Finansinspektionen’s regulations regarding insurance distribution (FFFS 2018:10)

Finansinspektionen’s regulations regarding insurance distribution

In force from 2018-10-01

Summary

The regulations contain rules on how insurance distributors shall conduct their business and interact with their clients. The rules apply to, for example, the contents of the authorisation application, required knowledge and competence, remuneration systems for employees, advice based on impartial and personal analysis, and special provisions for distribution of insurance-based investment products and some pension insurance.

The new regulations are part of the implementation of the Insurance Distribution Directive (IDD).

The regulations enter into force on 1 October 2018, with some exceptions.

Amendments

The amendments raise the amounts that an insurance intermediary's liability insurance shall cover. The objective is to maintain an even level of protection in the liability insurance over time. Amendment 2024:13

FI adds a disclosure that there are additional provisions set out in Finansinspektionen's regulations (FFFS 2022:20) regarding a pan-European personal pension product for insurance distributors that are PEPP providers or PEPP distributors pursuant to Regulation (EU) 2019/1238 of the European Parliament and of the Council of 20 June 2019 on a pan-European Personal Pension Product (PEPP).

The amendments enter into force on 1 January 2023. Amendment 2022:27

The amendments raise the amounts that an insurance intermediary's liability insurance shall cover. The objective is maintain an even level of protection in the liability insurance over time. A number of editorial changes were also made. Amendment 2020:4

Documents

FFFS 2018:10

Changes

Number

FFFS 2024:13

Date

2024-10-09

Heading

FFFS 2024:13

Number

FFFS 2022:27

Date

2023-01-01

Heading

FFFS 2022:27

Number

FFFS 2020:4

Date

2020-06-12

Heading

FFFS 2020:4