Regulations amending Finansinspektionen’s regulations regarding Swedish UCITS

Finansinspektionen amended its regulations (FFFS 2013:9) to impose specific conduct requirements on Swedish management companies providing fund advice outside standard exemptions. The revised Chapter 22, Section 3 mandates that such companies comply with Articles 27, 33, 37, 52, 54, and 55 of the MiFID II delegated regulation, alongside relevant provisions of the investment services regulations (FFFS 2017:2). These amendments were decided on 22 February 2022 and entered into force on 8 March 2022.

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Finansinspektionen’s Regulatory Code
Publisher: Chief Legal Counsel Eric Leijonram, Finansinspektionen, Sweden, www.fi.se ISSN 1102-7460 This translation is furnished solely for information purposes. Only the printed version of the regulation in Swedish applies for the application of the law. 1 Regulations amending Finansinspektionen’s regulations (FFFS 2013:9) regarding Swedish UCITS; decided on 22 February 2022. Finansinspektionen prescribes pursuant to section 18, point 12 of the Swedish UCITS Ordinance (2013:588) that Chapter 22, section 3 of Finansinspektionen’s regulations (FFFS 2013:9) regarding Swedish UCITS shall have the following wording.
Chapter 22
Section 3 A Swedish management company that as part of its operations gives
advice to customers regarding fund units in cases other than that set out in Chapter 7, section 1, first paragraph, point 3 of the Swedish UCITS Act (2004:46), when providing such services, shall fulfil the requirements set out in Articles 27, 33, 37, 52, 54 and 55 of the delegated regulation for MiFID II. The Swedish management company, when providing such services in accordance with the first paragraph, shall also apply Chapter 4 and Chapter 7, sections 1–5 and 8–21 of Finansinspektionen’s regulations (FFFS 2017:2) regarding investment services and activities. _______________ These regulations shall enter into force on 08 March 2022. ERIK THEDÉEN Peter Albrecht FFFS 2022:3 Published on 28 February 2022

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This document amends: Finansinspektionen’s regulations regarding Swedish UCITS

Source: Finansinspektionen — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works