Aggregated News From Investment Management Regulators

Sweden

TRS 2 system closed on Wednesday, 5 October

The TRS 2 system will be closed for maintenance on Wednesday, 5 October. It will be possible to submit TR files, but feedback will not be sent until after the maintenance is completed. This news item was originally published by the Swedish Financial Supervisory Authority (FI SE). For more information, please see the Source Link.

TRS 2 closed 28 september

The FTP server for the TRS 2 system will not be available on 28 September 2022 due to a change in certificate. In order to be able to upload TR files again after the change is completed, you will need to first accept the new certificate once you have logged in. This news item was originally published by the Swedish Financial Supervisory Authority (FI SE). For more information, please see the Source Link.

The TRS 2 system’s test environment will be closed for maintenance on Wednesday, 21 September

It will be possible to submit TR files, but feedback will be sent first after the maintenance has been completed. This news item was originally published by the Swedish Financial Supervisory Authority (FI SE). For more information, please see the Source Link.

Money remittance provider Moneygram must resolve anti-money laundering deficiencies

The foreign money remittance provider Moneygram International SPRL has not had a sufficient scope in the general risk assessment of its operations in Sweden to its assessment of the risk of being used for money laundering or terrorist financing. Therefore, FI has decided to issue an injunction to Moneygram to resolve the deficiencies by 30 December of this year. Finansinspektionen reviewed the compliance with the anti-money laundering regulations of the four largest money remittance providers in Sweden. Special focus was placed on the risk assessment of operations in Sweden and the support and training these firms provide their agents. The background...

Minutes from the extraordinary meeting of the Financial Stability Council held on 4 September 2022

The minutes from the Financial Stability Council’s extraordinary meeting on 4 September is now available. Attendants were Financial Markets Minister Max Elger, Director General of Finansinspektionen Erik Thedéen, Riksbank Governor Stefan Ingves and Director General at the Swedish National Debt Office Karolina Ekholm. The council met on Sunday the 4th of September for an extraordinary meeting due to the liquidity problems in the market for electricity derivatives. Minutes from the extraordinary meeting of the Financial Stability Council held on 4 September 2022 (79 kB) The Financial Stability Council This news item was originally published by the Swedish Financial Supervisory Authority (FI...

Unclear information about sustainable funds

The disclosures provided about funds with sustainable investment as their objective are often unclear. This is the conclusion of an in-depth analysis conducted by Finansinspektionen (FI). In many cases, the disclosures provided in the funds’ prospectuses need to be clearer and more specific. FI analysed whether the prospectuses for funds with sustainable investment as an objective meet current transparency requirements. The analysis shows in part that the disclosures are unclear in several cases. For example, it is often unclear what is considered to be a sustainable investment and to which environmental or social objectives the fund contributes. This ambiguity also...

FI closes investigation into EQT AB

Finansinspektionen has closed an investigation into whether EQT AB was in violation of EU’s Market Abuse Regulation (MAR) when the company disclosed information on 7 September 2021 regarding a revision of the existing lock-up agreements. FI has closed the investigation. Firm under investigation EQT AB Why did we open the investigation? FI's assignment includes investigating and intervening against violations of MAR, such as violations of Articles 17 and 18 of MAR related to issuers' disclosure to the public of inside information and handling of insider lists. FI has investigated whether EQT violated Articles 17 and 18 of MAR in conjunction with the company's disclosures...

TRS 2 closed 14 september

The FTP server for the TRS 2 system's test environment will not be available on 14 September 2022 due to a change in certificate. In order to be able to upload TR files again after the change is completed, you will need to first accept the new certificate once you have logged in. This news item was originally published by the Swedish Financial Supervisory Authority (FI SE). For more information, please see the Source Link.

The Swedish Financial Stability Council agrees on measures to safeguard financial stability

The Swedish Financial Stability Council agrees on measures to safeguard financial stability. The council met on Sunday the 4th of September for an extraordinary meeting due to the liquidity problems in the market for electricity derivatives. Attendants were Financial Markets Minister Max Elger, Director General of Finansinspektionen Erik Thedéen, Riksbank Governor Stefan Ingves and Director General at the Swedish National Debt Office Karolina Ekholm. Government's press release This news item was originally published by the Swedish Financial Supervisory Authority (FI SE). For more information, please see the Source Link.

Do you need insurance for your new TV?

When purchasing a mobile telephone, TV or appliances, for example, you often receive an offer to buy insurance for the newly purchased item. FI will now review whether so-called product insurances create unnecessary costs for customers without providing extra protection. Insurance companies must treat each policyholder fairly and ensure that offered products meet their needs. Companies that sell insurance, like many electronics retail chains, must also demonstrate a duty of care towards consumers and only offer goods and services that are needed. Today, it is normal to receive insurance offers every time you buy certain types of goods, most often electronics...

Capital requirements of Swedish banks as of Q2 2022

Finansinspektionen publishes the capital requirements of the largest Swedish banks and credit institutions that belong to supervisory categories 1 and 2 as of the end of Q2 2022. The capital requirements are published in order to illustrate the effect of Finansinspektionen's total capital requirement, including Pillar 2. Pillar 2 is a collective term for the rules that govern the firms' internal capital assessments and Finansinspektionen's supervisory review and evaluation process, of which Finansinspektionen's capital assessment forms an integral part. Finansinspektionen decided to change the application of capital requirements for Swedish banks in October 2020 in order to adapt to the...

Decisions regarding reciprocation of macroprudential measures in three EU countries

Finansinspektionen has passed decisions concerning reciprocation of macroprudential measures in Lithuania, Belgium and the Netherlands. FI's has passed a decision to reciprocate the Central Bank of Lithuania's decision to implement a 2 percent systemic risk buffer for retail exposures to natural persons in Lithuania, which are secured by residential property. The decision applies to Swedish institutions' retail exposures to natural persons in Lithuania, which are secured by residential property. In accordance with the threshold set by the Central Bank of Lithuania the decision applies to Swedish institutions where said exposures in total exceed 50 million euros. The decision will apply...

Regulator Information

Abbreviation: FI
Jurisdiction: Sweden

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