FFFS 2024:5

Summary

The regulations apply to Swedish clearing companies and branches of foreign clearing companies. The regulations supplement the requirements set forth in the Clearing and Settlement of Payments Act (2024:114) that enters into force on 1July 2024. This act places requirements on a clearing company's risk management, information, IT and cyber security, preparedness, capital, governance and outsourcing agreements. The aim is to adapt the requirements on clearing business to the digitalisation and international developments as well as to increase resilience in the payment system.

Amendments

New sections are inserted into Chapter 3 of the clearing regulations that correspond to Chapter 5, section 4 of Finansinspektionen's regulations and general guidelines (FFFS 2014:1) on governance, risk management and control in credit institutions and Chapter 5, sections 10–14 of Finansinspektionen's regulations and general guidelines (FFFS 2014:4) regarding management of operational risks. The references in the clearing regulations to the provisions are therefore being removed.

The amendments enter into force on 17 January 2025. Amendment 2024:34