Deposit institutions

“Deposit operations” refers to the receipt of funds from the general public, for example via deposits in accounts or the issuance of bonds.

These funds should be available to the claim owner within a maximum of one year. Deposit operations may only be conducted by limited liability companies and economic associations which are registered with FI.

Funds placed with a firm which conducts deposit operations are not covered by the deposit guarantee. Deposit institutions are allowed to receive a maximum of SEK 50,000 per consumer.

The operations of deposit institutions are regulated by the Deposit Business Act (2004:299). If an undertaking that conducts deposit operations conducts such financial operations as those set out in the Certain Financial Operations (Reporting Duty) Act (1996:1006), an application to register this should also be submitted.

Deposit institutions are not subject to FI's supervision, but FI conducts controls of the suitability of owners and management. Changes in management or owners should be reported to FI.


An application fee of SEK 46,000 must be paid to FI. See the fact box for payment information.

FI also charges an annual supervision fee of SEK 25,000.

Handling time

FI will make a decision within 90 days provided that the application is complete and the fee is paid.

Contents of the application

The application should be signed by an authorised signatory for the firm and contain:

  • a detailed description of how the deposit operations will be carried out
  • name, address and personal identification number for the firm's board members, managing director and deputy managing director
  • name, address and personal identification number or company registration number for persons holding shares in the firm
  • name, address and personal identification number for the board members, managing director and deputy managing director of companies which hold shares in the deposit institution
  • minutes or other document from the general meeting indicating that the undertaking has an authorised auditor and that the undertaking does not have auditors who are not approved or authorised
  • certification from an auditor or an extract from a register indicating that the undertaking's restricted equity is at least SEK 10 million for a limited liability company or SEK 5 million for an economic association.

Other information

  • The operational description set out in the articles of association/by-laws should state that the firm will conduct deposit operations and, where applicable, other financial operations. Articles of association/by-laws are registered with the Swedish Companies Registration Office.
  • Undertakings which simultaneously apply to register as a deposit institution and register in accordance with the Certain Financial Operations (Reporting Duty) Act only pay the application fee for the deposit operations.
  • Swedish deposit institutions must submit information to FI on an annual basis, although no later than 30 June, on the qualifying holdings of owners in accordance with FFFS 2011:14.

Payment procedure

  • FI registers the application, which is assigned a reference number.
  • FI then sends an administrator letter, which specifies the reference number, the applicable fee and instructions for how to pay the fee.

Do not pay the fee until you have received the administrator letter and reference number from FI.

Last reviewed: 2020-01-02
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