Regulations amending Finansinspektionen’s regulations and general guidelines regarding financial advice to consumers

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 2007:20 Published on 19 July 2007 Regulations amending Finansinspektionen’s regulations and general guidelines (FFFS 2004:4) regarding financial advice to consumers; decided on 6 July 2007. Finansinspektionen prescribes pursuant to the Financial Advice to Consumers Ordinance (2003:17) that
Section 2 These regulations and general guidelines shall be applied by
undertakings under the supervision of Finansinspektionen and who provide such financial advice as referred to in the Financial Advice to Consumers Act (SFS 2003:862). However, these regulations and general guidelines do not apply to financial advice provided by

1. Swedish management companies pursuant to Chapter 7, section 1, first
   paragraph, point 3 of the Investment Funds Act (2004:46),
2. insurance intermediaries pursuant to Chapter 5, section 1, first paragraph of the
   Insurance Mediation Act (2005:405), or
3. securities institutions and foreign securities institutions pursuant to the Securities
   Market Act (2007:528).
   The advising activities of undertakings vary in size and character, and undertakings provide different types of financial advice. These regulations and general guidelines are intended to allow for adaptation on the basis of the size and focus of the individual undertaking as well as the focus, scope and degree of difficulty of the advising activities. _______________ These regulations shall enter into force on 1 November 2007. GENT JANSSON Marcus Hjorth 1