FFFS 2013:9

Finansinspektionen’s regulations regarding Swedish UCITS

In force from 2013-07-22

Summary

The regulations have been adapted to the terminology that has changed in the act and streamlined to only apply to Swedish management companies that manage Swedish UCITS. The new regulations repeal the regulations regarding investment funds, FFFS 2008:11, but basically have the same content. One difference is that the provisions that specifically refer to special funds have been moved to a separate chapter in the regulations regarding alternative investment fund managers. The provisions regarding foreign management companies and foreign UCITS with authorisation pursuant to Chapter 1, section 8 and Chapter 1, section 9 of the Swedish UCITS Act, respectively, have been removed. Corresponding provisions are being introduced into the regulations regarding alternative investment fund managers to the extent necessary.

Amendments

FI must amend these regulations as a result of amendments to Finansinspektionen's regulations and guidelines (FFFS 2014:12) regarding prudential requirements and capital buffers. References to repealed sections have been removed.

The regulations enter into force on 15 June 2019. Amendment 2019:4

Swedish management companies shall apply certain provisions in Finansinspektionen's regulations (FFFS 2017:2) regarding investment services and activities. This applies when the Swedish management companies

  • receives funds with a reporting obligation, and
  • gives advice to customers regarding fund units in fund operations.

The regulations are amended pursuant to Government Bill 2017/18:148 regarding money market funds.

The updated regulations enter into force on 1 August 2018. Amendment 2018:13

FI has decided on amendments to Finansinspektionen's regulations (FFFS 2013:9) regarding Swedish UCITS.

According to the amendment, Swedish management companies and foreign management companies must also report the risks to which the fund is exposed in addition to its holdings in UCITS.

The amendments enter into force on 1 October 2018 and apply to the first reporting of data as per 28 December 2018. Amendment 2018:8

Finansinspektionen is amending its regulations to adapt to the amendments to the Securities Market Act, Finansinspektionen's regulations (FFFS 2017:2) regarding investment services and activities and the Delegated Regulation for MiFID II. As a result of the amendments, Swedish fund management companies by reference must apply some of the provisions in the securities regulations. The regulations also contain changes as a result of the new Anti Money Laundering Act.

The amendments enter into force on 1 August 2017 in respect of Chapter 2, section 27, and the other amendments enter into force on 3 January 2018.  Amendment 2017:6

The amendments replace some references to national provisions in the regulations with references to EU's Market Abuse Regulation.

The amendments enter into force on 1 February 2017. Amendment 2016:37

FI is adjusting terms and phrases in the appendices to agree with those used in the Capital Requirements Regulation. FI is also updating references to acts and regulations that have been repealed with references to the acts and regulations that replaced them. The amendments enter into force on 2 August 2014. Amendment 2014:28

Changes

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