Result

2021

Erik Thedéen talks about sustainability reporting at COP26

A global standard for sustainability reporting will make it possible for the finance sector to steer investments from harmful activities to activities that contribute to the climate transition. Finansinspektionen’s (FI) Director General Erik Thedéen will be at the UN’s climate conference (COP26) in Glasgow to talk about this work.

2020

JM receives a caution and an order to follow financial reporting rules

JM has been in violation of the international financial reporting standard IFRS 10 in its consolidated financial statements for 2017 by not including – consolidating – tenant-owners associations during the so-called production phase. FI is issuing JM a caution and ordering the company to take corrective action in future financial statements. The correction shall be implemented no later than in the company’s half-yearly report for 2020.

ESMA’s guidelines on alternative performance measures – questions and answers on COVID-19

Due to the coronavirus pandemic, the European Securities and Markets Authority (ESMA) has published new Q&As on its guidelines for alternative performance measures (APMs). ESMA aims with this document to continue to promote common application of the guidelines in the EU countries.

ESMA statement on publication of periodic reports for investment funds

The European Securities and Markets Authority (ESMA) has published a statement on the coronavirus pandemic’s impact on the possibilities for managers of different types of funds to fulfil the requirements on when publication of periodic reports is to occur according to their respective regulations.

ESMA statement on extended deadlines for publishing financial statements

The European Securities and Markets Authority (ESMA) has published a statement on the coronavirus pandemic’s impact on the possibilities of listed companies to fulfil the requirements on when publication of financial statements is to occur according to the Transparency Directive. The Directive has been implemented into Swedish law through the Securities Market Act.

2019

Reinhold Europe AB must pay administrative fine

Finansinspektionen (FI) has decided that Reinhold Europe AB must pay an administrative fine of SEK 750,000.

StrateVic Finance Group AB must pay administrative fine

Finansinspektionen (FI) has decided that StrateVic Finance Group AB must pay an administrative fine of SEK 1,500,000.

NASDAQ’s supervision 2008–2018

Documentation of the financial reporting supervision for periodic financial information that NASDAQ Stockholm was responsible for up through 2018.

Excerpts from European Enforcers Coordination Sessions decision database – for harmonised financial reporting supervision in the EU

The European Securities and Markets Authority (ESMA) regularly publishes supervision decisions regarding issuers’ financial reports that are made by individual countries’ supervision organs and that all EU countries have at a later date committed their support to publish.

2018

About financial reporting supervision

Monitoring of periodic financial information (financial reporting supervision) helps both provide protection for investors and generate confidence in the capital market. The supervision should also ensure that the accounting regulations are applied in a harmonised manner in all regulated markets within the EEA.

Integration of sustainability in corporate governance

Sustainability-related risks and opportunities do not differ from the other risks and opportunities that can be linked to financial firms’ operations. Therefore, sustainability should not be managed in limited areas of corporate governance, but rather be an integral part of corporate governance as a whole. In this survey, FI studied how financial firms describe their management of sustainability aspects in corporate governance and how these aspects are integrated into the operations.

FI Supervision 2: Audit supervision of public-interest entities

Pursuant to the Supervision of Public-Interest Entities (Audit) Act (2016:429), FI is responsible for conducting certain audit supervision activities. FI has conducted an investigation into this supervisory area in 2017. This report provides an overview of the investigation’s results and describes FI’s view on how the regulations can be applied.

2016

Trig Social Media breached accounting rules

Trig Social Media AB has, in an interim report, on a number of points neglected the provisions regarding periodic financial information. Finansinspektionen has therefore decided to issue the company with a caution for having breached the accounting rules.

Trig Social Media breached accounting rules

Trig Social Media AB has, in an interim report, on a number of points neglected the provisions regarding periodic financial information. Finansinspektionen has therefore decided to issue the company with a caution for having breached the accounting rules.

2006

Application of international financial accounting standards by companies

As of 2005, all listed companies – financial and other – in the entire EU should apply the new international accounting standards (IAS/IFRS) to their consolidated financial statements. Even if the new standards were applied to a limited extent before 2005, they entail a large, practical readjustment for both companies and investors.

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