Regulatory Alerts2019-12-03
Added · Updated
Regulations amending Finansinspektionen’s regulations governing payment institutions and registered payment service providers
Finansinspektionen amended its regulations (FFFS 2010:3) to require payment institutions to detail operational risk management, complaint procedures, and anti-money laundering assessments in their business plans. The authority established a tiered capital requirement formula based on monthly payment volumes, applying specific scaling factors depending on the types of payment services provided. Additionally, the rules mandate semi-annual reporting of own funds, capital requirements, and payment volumes for both payment institutions and registered payment service providers.
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