A stable, well-functioning financial market for allA stable, well-functioning financial market for allStandard terms and conditions for financial services
Report in accordance with the 2007 letters of appropriation forFinansinspektionen and Konsumentverket
Finansinspektionen (FI) and Konsumentverket (KOV) received an assignment in their letters of appropriation from the Government to "investigate the existence of standard terms and conditions between consumers and firms in the financial sector". The assignment further entails analysing additional needs for and deficiencies in this area and suggesting or implementing appropriate measures.
"Standard terms and conditions" are terms and conditions that have not been the object of direct negotiation between buyers and sellers. Their formulation is significant for a large number of consumers. However, standard terms and conditions can also refer to contracts that are similar, or largely similar, between different companies that sell the same type of product. Standard terms and conditions in the latter, broader sense are of interest from a consumer policy perspective in that they increase transparency and comparability for
consumers presented with offers from different firms.
