Finansinspektionen decides on new regulations describing what banks, credit market companies and securities companies shall include in their recovery plans and introduces a regulation on Group-internal agreements for financial support. The regulations implement provisions in the Bank Recovery and Resolution Directive and supplement acts and ordinances.
Finansinspektionen also repeals the current regulations regarding recovery plans for these undertakings.
The new regulations enter into force on 1 February 2016.
The objective of the amendments are to introduce specially adapted requirements (so-called simplified obligations) on what must be included in smaller systemically important undertakings' recovery plans and group recovery plans. Under the amendments, FI is given the opportunity to grant undertakings exemptions on what must be included in a recovery plan or group recovery plan.
The decision enters into force on 15 July 2016. Amendment 2016:20