FFFS 2016:17

Regulations amending Finansinspektionen’s regulations and general guidelines (FFFS 2013:1) regarding covered bonds

In force from 2016-06-21 , amending FFFS 2013:1

Summary

FI is amending Finansinspektionen's regulations and general guidelines (FFFS 2013:1) regarding covered bonds. The amendments adapt the regulations to the amendments in the Covered Bonds (Issuance) Act (2003:1223) that the Government is proposing in Bill 2015/16:105.

The proposed amendments to the act entail that the legal requirement on overcollateralisation for Swedish issuers of covered bonds is changed from the current requirement of more than 0 per cent to at least 2 per cent. Because FI's regulations regulate overcollateralisation of more than 0 per cent, they must be amended to avoid being in conflict with when the amended wording of the Covered Bonds (Issuance) Act enters into force. Given this background, FI is adapting the regulations so the overcollateralisation is the same in the act and the regulations.

The amendments enter into force at the same time as the amendments to the act, i.e. on 21 June 2016. Amendment 2016:17

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