FI will authorise and register the firms that are providing benchmarks. FI will also conduct supervision of administrators, contributors and users.
EU Regulation on indices used as benchmarks in financial instruments and financial contracts (Benchmarks Regulation, BMR) will be applicable as of 1 January 2018 and will apply in Sweden directly, i.e. without a Swedish law. The regulation will be supplemented with additional EU legislation in the form of delegated and implementing acts, which will specify the details surrounding the framework provision. Supplementary Swedish laws will also be issued.
On 1 January 2018, new regulations in the EU will start to apply for benchmarks via the EU Regulation on indices used as benchmarks in financial instruments and financial contracts (Benchmarks Regulation, BMR). The new regulations affect all firms providing indices that are used as benchmarks and the firms that contribute with input data to such indices. The regulations will also affect firms that use the benchmarks if the firms are subject to FI’s supervision.
There will be operational disruptions in the TRS 1 system today, 20 November 2017. The disruptions affect rapporteurs submitting encrypted files.
On 1 August, the new Money Laundering Act entered into force as well as FI’s new regulations. According to these new regulations, firms under FI’s supervision must report data that enables FI to assess the risk that firms will be used for money laundering and the financing of terrorism.
Finansinspektionen was late with its publication of a short-selling notification from Coatue Management.
The European Securities and Markets Authority (ESMA) has published instructions on how to access the reference data that is covered by the MAR and MiFID II/MiFIR regulations. The EU authority has also published current reference data that is available for download.
EU Directive (EU) 2016/65 (MiFID II) limits the size of positions in commodity derivatives that persons can hold. The regulations also contain a requirement on monitoring and following up of these position limits. The provisions are supplemented by new, extensive reporting requirements regarding positions in commodity derivatives, emissions rights and derivatives thereof .