Law (2014:969) Concerning The Introduction Of The Law (2014:968) If Special Supervision Of Credit Institutions And Securities Companies

Original Language Title: Lag (2014:969) om införande av lagen (2014:968) om särskild tillsyn över kreditinstitut och värdepappersbolag

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Read the untranslated law here: http://rkrattsbaser.gov.se/sfst?bet=2014:969

section 1 of the Act (2014:968) if special supervision of credit institutions

and securities companies, and this Act shall enter into force on the 2

August 2014.



The provision in Chapter 6. § 5 shall enter into force on the day on which

the Government determines.



section 2 of this Act is repealed



a) Act (2006:1371) on capital adequacy and large

exposures,



b) Act (2006:1372) on the introduction of the Act (2006:1371) if

capital adequacy and large exposures, and



c) Act (2013:1051) on contributions in accordance with the EU regulation on

prudential requirements for credit institutions and investment firms.



section 3 authorisation of an institution pursuant to Chapter 4. paragraph 7 of the

repealed the Act (2006:1371) on capital adequacy and large

exposures using an internal method instead of

standardised approach to calculate risk-weighted exposure amounts

in effect at the date of entry into force of this law shall continue to

apply to that State under article 143(1) of the EP

and Council Regulation (EC) no 575/2013 of 26 June

prudential requirements for credit institutions and investment firms and

amending Regulation (EU) No 648/2012.



section 4 authorisation of an institution pursuant to Chapter 4. section 9 other

the paragraph in the repealed Act (2006:1371) on capital adequacy

and large exposures the use of standardised approach to

calculate risk-weighted exposure amounts applicable at

the entry into force of this law shall continue to apply as

authorisation referred to in article 150 of Regulation (EU) no 575/2013.



§ 5 acceptance of a credit rating agencies or a

a decision on a credit-rating company credit quality step

According to Chapter 4. section 12 and section 13 of the repealed Act

(2006:1371) on capital adequacy and large exposures

valid at the date of entry into force of this law, as long as

approval revoked shall continue to apply until

the European Commission in accordance with article 136(1)

of Regulation (EC) no 575/2013 adopted technical standards for

credit-rating companies ' credit quality steps.



section 6 of the Condition of an institution in accordance with Chapter 5. section 3 of the

repealed the Act (2006:1371) on capital adequacy and large

exposures to use internal risk models to

calculate the capital requirement for market risk in force at

the entry into force of this law shall continue to apply as

authorisation under article 363 of Regulation (EU) no 575/2013.



Article 7 authorisation of an institution pursuant to Chapter 6. 5 and 6 of the

repealed the Act (2006:1371) on capital adequacy and large

exposures using a different basis of calculation

or advanced measurement approach for calculating the capital requirement for

operational risks existing at the entry into force of this Act

shall continue to apply to that State in accordance with article 312 of the

Regulation (EC) no 575/2013.



section 8 Authorization for an institution pursuant to Chapter 6. section 8 of the

repealed the Act (2006:1371) on capital adequacy and large

exposures to combine different methods to calculate

capital requirement for operational risk in force at

the entry into force of this law shall continue to apply as

authorisation in accordance with article 314.1 of Regulation (EU) no

575/2013.



§ 9 decision to exempt a company from the consolidated

the requirements of Chapter 9. section 14 of the repealed Act (2006:1371) if

capital adequacy and large exposures existing at

the entry into force of this law shall continue to apply as a

exceptions as referred to in article 19(2) of Regulation (EC) no 575/2013.



paragraph 10 of the decision to exempt a mixed financial

holding companies from the consolidated requirements of Chapter 9. section 15

in the repealed Act (2006:1371) on capital adequacy and large

exposures that are valid at the time of entry into force shall continue to

apply as an exception pursuant to Chapter 4. section 10 of the Act (2014:968) if

special supervision of credit institutions and securities companies.