SWE FI was given full supervisory responsibility for Debt Collection Act (1974:182) on Jan. 1, 2024 when took over supervision of debt collection companies from SWE DP.
SWE DP general advice on good debt collection practice ceased to apply while SWE FI was given the right to issue regulations, which now it has issued.
The provisions cover both those who conduct debt collection activities under Debt Collection Act and those who conduct credit management under Act (2023:714) on the acquisition and management of non-performing loans (NPLs).
Regulations and advice on good debt collection practice aim to set a standard for how those who conduct debt collection activities should or should act when collecting debts.
This includes how companies should provide information to consumers about what a debt is, and how the consumer should be able to contact the debt collection company.
The new rules mean that those who run debt collection operations must now follow binding requirements, clarifies what it is expected from them.
SWE FI also decided on certain changes to regulations, general advice on acquisition and management of NPLs, to comply with EBA guidelines on suitability assessment of management in such companies.
The rules primarily protect debtors and contribute to a high level of consumer protection, but also creditors who hire a debt collection agent.
Effectiveness
Regs FFF 2025:02 and Advice FFFS 2025:03 enter into force on Jul. 1, 2025.
Questions to be addressed during the Forum by email submitted by Jun. 5, 2025.
Jun. 2025 Guidance from Forum
On Jun. 17, 2025, SWE FI issued advice and answered questions on new regulations.
Published presentation slides shared at SWE FI Forum on Jun. 16, 2025.