Finansinspektionen’s regulations regarding notification of certain acquisitions (FFFS 2016:1)

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 Finansinspektionen’s regulations regarding notification of certain acquisitions; decided on 18 January 2016. Finansinspektionen prescribes the following pursuant to Chapter 5, section 2, point 11 of the Banking and Financing Business Ordinance (2004:329). Scope of application
Section 1 These regulations apply to

1. banking companies,
2. savings banks,
3. members’ banks,
4. credit market companies, and
5. credit market associations.
   Definitions
   Section 2 The definitions in these regulations shall have the same meaning as
   those in the Banking and Financing Business Act (2004:297).
   Notification to Finansinspektionen
   Section 3 An acquisition of property where the purchase price corresponds to least
   SEK 10 million and is the equivalent of at least 10 per cent and at the most 25 per cent of the own funds at the acquiring firm shall be reported to Finansinspektionen. Notification shall be given prior to the acquisition. _______________ These regulations shall enter into force on 1 February 2016. ERIK THEDÉEN Elisabeth Gustafsson FFFS 2016:1 Published on 22 January 2016