Result

2023

Monitor what your funds are costing you

2023-11-15 | Funds News Consumer

Today, almost all households invest in funds, either directly through private savings or indirectly through our pensions. However, close to one third of fund savers are unaware of how high the fund fee is and many risk paying too much for their savings. We are, therefore, now publishing the most common fees for some popular fund categories to help consumers monitor what certain funds cost.

License to be registered as manager of units or shares

2023-09-15 | Funds Markets

If a fund company’s register of shareholders is kept by an organisation which is not a Swedish central securities depository, an authorisation from the Financial Supervisory Authority is required for registration as a manager of units or shares (nominee licence).

2022

FI Analysis No. 37: Stress tests of funds’ liquidity risks

2022-11-29 | Funds Reports Stability

FI’s stress tests show that the majority of Swedish funds appear to be able to handle relatively large outflows in an effective manner. However, some corporate bond funds and a relatively large share of high-yield bond funds may experience liquidity problems under stressed market conditions.

Unclear information about sustainable funds

The disclosures provided about funds with sustainable investment as their objective are often unclear. This is the conclusion of an in-depth analysis conducted by Finansinspektionen (FI). In many cases, the disclosures provided in the funds’ prospectuses need to be clearer and more specific.

2021

New procedures for submission of Key Investor Information Document for foreign UCITS

2021-09-01 | Funds News Markets

Pursuant to Article 93 (7) and (8) of Directive 2009/65/EC, a foreign UCITS established in another Member State authorised for marketing in Sweden must submit to Finansinspektionen annual updates of KIID(s) or updated KIID(s) of share class(es) authorised for distribution in Sweden.

Cross-border distribution of collective investment undertakings [EU] 2019/1156

2021-07-23 | Funds Markets

This page contains information on the national laws, regulations and administrative provisions governing the marketing requirements referred to in Article 5(1) of Regulation (EU) 2019/1156 of the European Parliament and of the Council of 20 June 2019 on facilitating cross-border distribution of collective investment undertakings.

Liquidity tools in UCITS and special funds

2021-06-01 | Funds Reports Markets

Finansinspektionen concludes in a new report that fund managers need access to additional tools to manage liquidity risks in Swedish UCITS and special funds. We consider there to be a certain type of swing pricing that could be used already today. The report outlines a suggestion for how to regulate this and other liquidity management tools in legislation and regulations. FI takes the position that Swedish UCITS only need to be open for redemptions once a week. We suggest that the funds instead only need to be open for redemptions twice a month.

2020

UCITS holdings now published

2020-06-29 | Funds News Reporting

The first publication occasion covers UCITS holdings for Q1 2020 and older figures for the period Q4 2018 onward. The data will from now on be published with a two-month delay. This means that the holdings for Q2 2020 will be published on 1 September.

Decision by FI’s Board of Directors: the countercyclical buffer rate is lowered to zero

During an extraordinary meeting today, Monday, 16 March, FI’s Board of Directors decided to adopt a countercyclical buffer rate of 0 per cent in accordance with the proposal presented on Friday, 13 March 2020.

2018

Changes in reporting of holdings

2018-06-21 | Funds News Reporting

Finansinspektionen is making changes to the reporting of holdings for funds. The changes will go into effect in January 2019.The changes to the reporting aim to achieve more effective supervision of both individual funds and the fund market as a whole.

2017

Alternative investment fund managers

2017-01-27 | Funds Markets

The Alternative Investment Fund Managers Act (2013:561 – LAIF) regulates alternative investment fund managers (AIF managers) but only regulates alternative investment funds to a limited extent.