FI conducts supervision of firms which have received authorisation from FI to conduct business on the financial market.
Supervision is FI's most important tool. Part of this work is about managing incidents and urgent problems, but the main purpose of supervision is to prevent problems. In order for supervision to make the greatest difference and reap the most benefits, it must therefore and to the greatest possible extent be both risk-based and forward-looking.
Supervision in the Markets section aims to ensure that securities markets are efficient and characterised by a high degree of confidence, that their pricing functions smoothly and and that they have a high level of transparency. FI's supervision should also promote a financially stable and operationally secure infrastructure as well as ensure that the financial sector is undertaking the measures necessary to limit opportunities for money laundering and terrorist financing.
It is also important to monitor the securities sector from a consumer protection perspective so consumers can make well-informed decisions based on clear information.
FI is responsible for the supervision of the firms that are key to market infrastructure, including stock exchanges, trading venues, central securities depositories (CSD) and clearing firms, some of which are central counterparties (CCP). In total these comprise approximately ten firms. FI's supervision also covers financial firms with authorisation to conduct business on the securities markets, such as fund management companies and securities companies. Some types of supervision also include certain non-financial firms and private individuals operating on the financial market. This concerns, for example, information from the listed companies to the market, for example prospectuses.
FI has delegated to the Swedish Securities Council the right to make decisions in the following matters:
The Swedish Security Council's decisions can be appealed via FI by the party the decision relates to, if the decision has not been favourable.
The appeal should be submitted in writing. In the written document, the complainant should state which decision is being appealed and the desired change. The written document with the appeal should be received by the Swedish Securities Council within three weeks from the day the complainant received the decision. If the decision is appealed by a party other than applicant, the appeal should be received by the Swedish Securities Council within three weeks from the date the decision was made public.