These regulations govern in part the system of appropriate measures and controls that a payment service provider shall have to manage its operational risks and security risks. The regulations also contain rules for reporting to FI. The regulations apply to all types of payment service providers, including banks, payment institutions, registered payment service providers, credit market companies, institutions for electronic money and registered issuers of electronic money.
The regulations combined with Swedish law constitute the implementation of the EU's second payment service directive. The directive aims to develop the market for electronic payments and create better conditions for secure and efficient payments. FI's regulations (FFFS 2017:1) regarding certain payment accounts have been repealed and the provisions have instead been transferred to the regulations regarding activities of payment service providers.