SWE CA published new regulations and FAQs related to conduct requirements for firms providing or arranging consumer credit under new LVBK Act, effective Nov. 20, 2026.
Who Is Covered
SWE CA takes over supervision of firms that do not require authorization from SWE FI, namely companies providing interest- and fee-free credit for their own goods or services, and those arranging external credit in connection with sales.
Larger intermediaries (over 250 employees plus turnover above €50mn or a balance sheet above €43mn) need SWE FI authorization instead, and some SWE FI-supervised firms also depend on factors such as interest, fees, and online versus physical sales.
Sellers' own credit is exempt if interest- and fee-free and repaid within 50 days of delivery, but for distance sales by larger firms, repayment must be within 14 days and the claim cannot be assigned.
What the Regulations Require
Credit providers, intermediaries must act in consumers' interests and needs, and staff must have suitable experience and knowledge, including of consumer protection laws.
The aim is that consumers receive correct information on credit, costs, rights and obligations, and the regulations are legally binding and form the basis for supervision.
Sanctions and Further Guidance
Breaches may bring a warning with a penalty fee of SEK5,000 to 10mn, capped at 10% of prior-year turnover, and particularly serious breaches may lead to a ban on providing or arranging credit.
SWE CA is also revising its general advice on consumer credit, which is not tied to the LVBK Act and applies to all firms marketing credit.
