On Oct. 13, SWE FI updated advice on ownership and management.
SWE FI issued regulation FFFS 2026:35 on changes in FFFS 2023:12 on ownership, the ownership management and the management review in certain financial companies.
Also included is SWE FI's Decision memorandum (26-1152) providing background.
Guidelines Overview
Regulation applies to electronic money or to payment institutions, or clearing firms.
Also Swedish firms under supervision of SWE FI that provide credit or intermediation of housing credits or providing credit for consumer credits other than housing credits in accordance with the (Act 2016:1024) Act (2016:1024) on mortgage lending activities, are now covered by the scope of the regulations.
Regulation also applies to electronic money institutions domiciled outside the European Economic Area (EEA) that are to establish or have established a branch in Sweden.
Information shall be provided under provisions of Section 5 for branch establishment, and representatives must provide information in accordance with Section 9 provisions.
Regulation applies to branches of foreign clearing companies, but, only provisions of Section 9 regarding the Managing Director, or their deputy, apply to such branches.
Certain editorial changes are also made to Annex 1a and 1b, as part of FFFS 2023:12.
Effectiveness
The new regulation will now come fully into effect from Nov. 20, 2026.
