6/28/2007
What should we file with FI?
- Periodic financial information: Annual and consolidated reports, half-yearly reports, quarterly reports *.
- Other price sensitive information.
- Changes in the rights attached to transferable securities and new loan issues.
* Issuers of debt instruments do not need to file quarterly reports.
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When should we start to file with FI?
Information that is disclosed after July 1, 2007 shall be filed with FI. The half-yearly report (Q2) is thereby the first periodic financial report that should be filed for listed companies using the calendar year as their financial year.
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How should the information be disclosed?
The information should be disclosed quickly and such that it is easily and simultaneously distributed to the general public within the entire EEA . The information should be actively distributed, e.g. with the aid of information suppliers that reach medias across the entire EEA. It is not sufficient to only disclose the information on a single website.
With regard to annual reports, half-yearly reports and quarterly reports, the active distribution requirement is fulfilled if the information contains a reference to the website where the documents can be found.
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What time restrictions apply?
The information shall be filed with Finansinspektionen at the same time as it is disclosed. Annual and consolidated reports shall be disclosed as quickly as possible and no later than four months after the end of the financial year. Half-yearly and quarterly reports shall be disclosed as quickly as possible and no later than two months after the end of the reporting period.
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Who should sign the reports?
- Annual and consolidated reports: All Board members and the Managing Director.
- Half-yearly report: The same signatories as for the annual report.
- Quarterly reports: The Board of Directors can, as previously, authorise the Managing Director to be the sole signature on the quarterly reports. The signatories shall state their position and submit an assurance in conjunction with the annual and consolidated reports and the half-yearly report *.
* Chapter 5a, sections 9 and 10 of the Exchange and Clearing Operations Act
Are there any exceptions to the filing obligation?
Companies that only issue debt instruments, bonds or other transferable debt securities, the nominal value of each being at least EUR 50,000, do not need to file financial reports.
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Which companies should file with FI?
Companies that have chosen Sweden as their home Member State.
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In which language should the information be filed with FI?
In the language in which it is published, i.e. in most cases Swedish.
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What is a home Member State?
Sweden is the home Member State if that is where the company has its registered office. Companies outside of the EEA can in some cases have Sweden as their home Member State.
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Is it possible to have more than one home Member State?
No
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In which language should the information be published?
For companies that have Sweden as their home Member State, the following applies:
a) If the company is only listed in Sweden, the information should be published in Swedish.
b) If the company is listed both in Sweden and in one or several other EEA countries, the information should be published in Swedish and in a language accepted in the other country(ies).
c) If the company is not listed in Sweden but in one or several other EEA countries, the information should be published in Swedish, English or a language accepted in the other country(ies).
Companies that are listed in Sweden but have another EEA country as their home Member State should publish the information in Swedish or English.
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Is it acceptable to publish the information in fewer languages?
If there is sufficient cause, FI can grant an exception regarding which language the information should be published in.
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Is it acceptable to publish the information in more languages?
Yes, the issuer may publish the information in more languages than FI requires.
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In which format should the mandatory information be filed?
In PDF format.
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In which format should other price sensitive information be filed?
Other price sensitive information should be filed in PDF format.
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Are there limitations for what must/may be filed?
It can be difficult to determine in advance what is considered and what is not considered to be price sensitive information. This means that in practice some information will have been filed that subsequently is determined not to be price sensitive in nature. We will initially not restrict the amount of information that is filed, but – if problems occur – we will develop relevant procedures over time.
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How long is the information stored at FI?
There is no limit for how long information may be stored, but it is most likely that all information will be saved for 5 years, probably longer.
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What happens if the filed information is incorrect?
Information is not deleted but is marked "Changed" or "Removed".
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