Regulations Amending Rules on Alternative Investment Fund Managers

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 Regulations amending Finansinspektionen’s regulations (FFFS 2013:10) regarding managers of alternative investment funds; decided 22/06/2015. Finansinspektionen prescribes1 pursuant to section 4, point 6 and section 5, points 1 and 19 of the Managers of Alternative Investment Funds Ordinance (2013:587) that
Chapter 6, sections 1 and 2 and Chapter 10, section 1 of Finansinspektionen’s
regulations (FFFS 2013:10) regarding managers of alternative investment funds shall have the following wording.
Chapter 6
Section 1 The provisions of this chapter apply to an AIF manager with authorisation
in accordance with Chapter 3, sections 1 and 2 of the Alternative Investment Fund Managers Act (2013:561) who intend to conduct business in other countries in accordance with Chapter 6 of the same act.
Section 2 Chapter 6, section 1 of the Alternative Investment Fund Managers Act
(2013:561) contains provisions regarding the content of a notification to Finansinspektionen regarding the management of an alternative investment fund or discretionary management of investment portfolios and other ancillary services in another EEA country.
Chapter 10
Section 1 An AIF manager engaging in discretionary management of investment
portfolios, in its management and when providing other services pursuant to Chapter 3, section 2 of the Alternative Investment Fund Managers Act (2013:561), shall apply the provisions set out in Chapter 6, sections 1–5, section 6, section 7, first paragraph, section 12, first paragraph and second paragraph, points 2 and 4, sections 13 and 14, Chapters 7–17, Chapter 19, Chapter 20, sections 1–10 and Chapter 21, sections 1 and 2 of Finansinspektionen’s regulations (FFFS 2007:16) regarding investment services and activities. _______________ These regulations shall enter into force on 03/07/2015.

1 Cf. Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on managers of alternative investment funds and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No 1060/2009 and (EU) No 1095/2010, in the wording in accordance with Directive 2014/65/EU of the European Parliament and of the Council. FFFS 2015:4 Published 26/06/2015

FFFS 2015:4
2
MARTIN NORÉUS
Aleksandra Michalska