FFFS 2014:12

Finansinspektionen’s regulations regarding prudential requirements and capital buffers

In force from 2014-08-02

Summary

The regulations contain rules on consolidated situation, own funds, own fund requirements, large exposures, liquidity, reporting, disclosure of information, capital buffers and documentation of the undertakings' capital and liquidity assessment procedures.

The regulations are part of the Swedish implementation of the Basel III Agreement that is being introduced within the EU through the Capital Requirements Regulation and the Capital Requirements Directive.

Amendments

The regulatory amendments introduce new regulations regarding

  • a notification obligation for the issuance of capital instruments
  • disclosure of information regarding own funds requirements and own funds
  • the threshold for when a default is considered to have occurred.
  • The amendments also grant Finansinspektionen the possibility of deciding on consolidation under certain conditions. The provisions regarding groups of connected clients are also repealed.

The regulations enter into force on 15 June 2019. Amendment 2019:6

FI is introducing an exemption from the requirements set out in Article 129(1)(c) of the Capital Requirements Regulation by means of an amendment to Finansinspektionen's regulations (FFFS 2014:12) regarding prudential requirements and capital buffers.

FI is introducing the exemption to avoid the concentration problems on the Swedish market that could arise if issuers of covered bonds were referred to only a few derivative counterparties.

EBA has published an opinion on FI's decision and finds it to be justified.
The regulatory amendment enters into force on 31 March 2015. Amendment 2015:3

Documents

Changes

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