Law (2014:968) If Special Supervision Of Credit Institutions And Securities Companies

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

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Read the untranslated law here: http://rkrattsbaser.gov.se/sfst?bet=2014:968

Chapter 1. Introductory provisions



The law's content



section 1 of this Act contains provisions which complement

European Parliament and Council Regulation (EC) no 575/2013 of

on 26 June 2013 on prudential requirements for credit institutions and

investment firms and amending Regulation (EC) no

648/2012 (prudential regulation).



The Act also contains provisions that implement elements of the

European Parliament and Council Directive EU of 26

June 2013 if access to the activity of credit institutions

and the prudential supervision of credit institutions and investment firms, if

Amendment of Directive 2002/87/EC and repealing Directive

2006/48/EC and 2006/49/EC (capital adequacy directive).



Definitions



section 2 of this Act means



1. EEA: European economic area,



2. institutions: credit institutions and securities companies,



3. credit institutions: banks and credit market companies under

Act (2004:297) on banking and finance law, and

Swedish skeppshypotekskassan,



4. investment companies: a Swedish Corporation that has a

permission to operate securities operations under the Act

(2007:528) securities market, and that is not a

banking company or a credit market company according to the Act on

banking and finance law.



Terms and expressions in the remainder of this Act have the same meaning

as in prudential regulation.



The European company and the European cooperative



section 3 of the terms of the European company and the European cooperative with such

management bodies referred to in articles 39 to 42 of the Council

Regulation (EC) No 2157/2001 of 8 October 2001 on the Statute

for the European company or articles 37 to 41 of Council regulation

(EC) No 1435/2010 of 22 July 2003 on the Statute for the

European cooperative society (SCE)

It is said in Chapter 6. 10 and 12 of the though

Member of the Board of Directors on the Board of the regulatory body.



To the provisions referred to in the first subparagraph shall apply

also on the Board of an SE or an

European cooperative management or administrative body is shown

the second paragraph of section 16 of the Act and section 22 (2004:575) if

European companies, as well as paragraph 21 and section 26 of the Act (2006:595)

If the European cooperatives. Law (2015:189).



Fund management companies, payment institutions and aifm



section 4 that some provisions of this law also apply to

Fund management companies, payment institutions and aifm is shown by 2

Cape. 10 and 10 a of the Act (2004:46) about mutual funds, 3

Cape. section 2 of the Act (2010:751) on payment services and Chapter 7. 6 and 6

(a) of the Act (2013:561) on alternative

investment funds.



Prudential regulation



§ 5 the provisions of supervisory regulation according to

the regulation applies to credit institutions shall also apply for

such credit institutions under the Act (2004:297) on banking and

financing business not covered by the regulation

definition of credit institutions.



The provisions of prudential regulation as referred to in

the regulation applies to investment firms shall apply

even for such securities companies which are not covered by

the definition of investment firm.



The provisions of prudential regulation as referred to in

the regulation applies to credit institutions shall, with the exception of

the provisions on large exposures, also apply for

Swedish skeppshypotekskassan.



Competent authority



paragraph 6 of the financial supervisory authority is the competent authority in accordance with

prudential regulation and supervision of the regulation

and this law is followed.



The financial supervisory authority is the responsible authority for that in accordance

with article 458 of the prudential regulation adopting specific

macroprudential measures.



In terms of supervision and the ability to act against institutions

the provisions of the laws governing the institutions '

activities, unless otherwise provided by this Act.



Chapter 2. Specific capital base and liquidity requirements



In particular, the own funds requirements



section 1 of the financial supervision authority shall decide that an institution shall

meet a specific own funds requirement in excess of the capital base

required under regulation and supervision Act (2014:966) on

capital buffers, if



1. one of the requirements in Chapter 6. 1 – 3, 4 a, 4 b and 5 § § the Act

(2004:297) on banking and finance law or Chapter 8. 3 – 8

§ § the Act (2007:528) securities market is not

fulfilled,



2. in the context of a review and evaluation of the Institute

deemed necessary to cover the risks to which the institution is

or may be exposed to risks and Institute

exposes the financial system, or



3. it is likely that the Institute within 12 months

longer will comply with its obligations under the first

subparagraph 1.



The financial supervision authority may refrain from deciding if a particular

own funds requirement if a breach is minor or excusable,

If the Institute does its correction or any other authority has

taken action against the Institute and these measures are expected to

sufficient.



The first subparagraph shall not apply where the offence is so serious

Instead, the business licence shall be revoked.



section 2 If an institution meets the own funds requirement according to

prudential regulation and the special capital base requirements

follows from a decision under paragraph 1, but not the capital requirements

According to the law (2014:966) on capital buffers,

the provisions concerning intervention in Chapter 8. the law on

capital buffers are applied.



In particular the liquidity requirements



paragraph 3 of the financial supervision authority shall decide that an institution shall

meet a special liquidity requirements, if necessary

to cover the liquidity risks that an institution is or

may be exposed to and the risks an institution exposes

the financial system.



Chapter 3. Requirements on a consolidated basis



Responsible institutions



1 § responsibility for compliance with the requirements of paragraph 2 are met, it has institutions



1. which is not a subsidiary of another institution, a

Swedish financial holding company or a Swedish mixed

financial holding company, or



2. the parent undertaking of which is a financial

holding company, Swedish mixed financial holding company

or mixed financial holding company which are not

subsidiaries of an institution, a Swedish financial

mixed financial holding company or a Swedish

holding companies.



If such a holding company or a mixed financial

holding company referred to in the first subparagraph 2 is the parent company

to both a credit institution and an investment firm, is

the credit institution is responsible for ensuring that the consolidated

the requirements are met.



Where a financial holding company or a mixed

financial holding company is the parent company to two or

several credit institutions or to two or more

securities companies, is responsible the credit institutions and

securities companies with the largest balance sheet total of

to the consolidated requirements are met.



Equity/assets ratio and risk management



paragraph 2 of the lead institution under section shall ensure that

requirements for solvency and risk management in Chapter 6. section 1 and section 2

second subparagraph, Act (2004:297) on banking and

financing business or Chapter 8. section 3 and section 4, second subparagraph

Act (2007:528) securities market met on

group level in accordance with the provisions of articles 18 to 24 of

prudential regulation.



Requirements on class level



3 § even if an institution is not the responsible institution

According to paragraph 1, it shall ensure that the requirements laid down in paragraph 2 are applied to

subgroup level, if



1. the institution or its parent company, when the parent undertaking is

a financial holding company or a mixed financial

holding company, a subsidiary or have ownership interest

in a subsidiary, and



2. the subsidiary is a foreign institution, financial

institution or a trust company which is established in a

countries outside the EEA.



With management company means a foreign company which in its

homeland has permission to manage UCITS.



Requirements for parent and subsidiary companies



4 of a parent or subsidiary companies under supervision

under this law, on a consolidated or sub-consolidated basis meet

requirements in Chapter 6. paragraph 2 of the first subparagraph and paragraph 3 of the Act (2004:297)

of banking and finance law and Chapter 8. section 4 first

subparagraph, and paragraph 5 of the Act (2007:528) securities market if

risk management and transparency.



The company will also introduce arrangements, processes and mechanisms

under the first paragraph of their subsidiaries established

in a country outside the EEA.



The financial supervision authority shall, at the request of the company, may decide

If exemption from the requirement in the second paragraph, if the company can

view that such inclusion is contrary to the law of the country

where the subsidiary is established.



The management of a financial holding company



paragraph 5 of The included in the management of a financial

holding company or a mixed financial holding company

shall have sufficient insight and experience to participate in

the management of the company and also be suitable for a

such a task.



Chapter 4. Supervisory responsibilities at group level



Supervisory authority



section 1 of the financial supervision authority shall exercise supervision over the

consolidated requirements, if



1. parent undertaking is an institution,



2. the financial holding company or mixed

financial holding company is the parent company to a

institutions, but not to any equivalent foreign company

within the EEA,



3. the financial holding company or mixed

financial holding company established in Sweden and is

the parent company to institutions and corresponding foreign companies

within the EEA,



4. There are two or more financial holding companies or

two or more mixed financial holding companies with

head offices in different countries within the EEA, including Sweden, which

is the parent company to both institutions and a corresponding foreign


companies within the EEA, and an Institute is the daughter company

has the largest balance sheet total, or



5. the financial holding company or mixed

financial holding company is the parent company to two or

several institutions and corresponding foreign companies that are not

authorized in the country in the EEA where the holding company is

established, and the Institute has the largest

the balance sheet total.



The financial supervision authority shall exercise supervision on inspection

together with the other relevant competent authorities will

agree on it under paragraph 3.



In Chapter 7. provisions on the supervision of an institution whose

the parent company has its head office outside the European economic area and is a

equivalent foreign company, a financial holding company

or a mixed financial holding company.



2 § When the financial supervision authority shall exercise supervision pursuant to paragraph 1 of the

first paragraph 3 – 5, inspection, agree with other

competent authorities concerned that another competent

authority in the EEA than supervisory authority shall be responsible for supervision.

The financial supervision authority may enter into such an agreement, if the

is inappropriate to the Inspectorate is responsible for the supervision of

regard to the institution and the corresponding foreign companies it

and the relative importance of their activities in the

different countries.



In such a case, the parent institution within the EEA, the

parent financial holding company in the EEA, the mixed

financial holding company or Institute or

corresponding foreign companies which have the largest

the balance sheet total, as applicable, the given

opportunity to be heard before the financial supervisory authority and the

other competent authorities included the agreement.

The European Commission and the European banking authority shall

be informed of such a deal.



3 § If it would be inappropriate in view of the Institute

or equivalent foreign companies concerned and the

relative importance of their activities in the different countries

to regulatory control is exercised and maintained by the authority pursuant to article

111(3) and 111.4 in capital adequacy directive shall exercise the

consolidated supervision, the financial supervision authority may agree

with the other relevant competent authorities that

supervisory authority or any other competent authority responsible

for the purposes of supervision.



In such a case, the parent institution within the EEA, the

parent financial holding company in the EEA or Institute

or equivalent of foreign companies that have the greatest

the balance sheet total, as applicable, the given

opportunity to be heard before the financial supervisory authority and the

other competent authorities included the agreement.

The European Commission and the European banking authority shall

be informed of such a deal.



Decision at the group level of capital base and, in particular,

liquidity requirements



4 § After the financial supervisory authority responsible for the supervision of

group level under, Inspectorate shall submit a report

includes a risk assessment of the group to other concerned

competent authorities.



§ 5 Within a month from the financial supervisory authority has provided

a report pursuant to paragraph 4, to the inspection attempt to agree

with other relevant authorities if the decision should

taken in accordance with Chapter 2. section 3 in respect of the essential

results of the liquidity supervision. The agreement shall take

account of the results that emerged related to

institutions ' organisation, risk management and the need for

Special liquidity requirements for specific institutions.



Within four months after the report has been submitted,

the inspection, try to agree with the other relevant

competent authorities on which decisions should be taken in the case

whether the level of the Group's capital base is sufficient

account of the Group's financial situation and risk profile

as well as the capital base level required to apply Chapter 2. 1 §

on both individual units as the group as a whole.



paragraph 6 of the financial supervision authority is necessary to make a decision in

accordance with the agreement. The decision and the reasons for it

should be reported in writing and sent to the other competent

authorities and to the parent Institute within the EEA.



If an agreement cannot be reached, the financial supervisory authority on

the request of any of the other competent authorities consulted

with the European banking authority. The inspection may also consult

with the European banking authority on its own initiative.



paragraph 7 of the agreement in accordance with paragraph 5 of has not been met within the

the specified time limits, the financial supervisory authority, with

regard to the other competent authorities of

the risk of the subsidiaries, alone make a decision on

group level.



If financial supervisory authority responsible for the supervision of

subsidiaries of a parent institution within the EEA,

financial holding company in the EEA or a mixed

financial holding company in the EEA, shall the inspection take

a decision as referred to in section 6, at the individual level or

in the group level. The decision should take into account the inspection

views expressed by the foreign competent authority

who is responsible for the group supervision.



If one or more of the other competent

authorities, within four months from the

The financial supervisory authority has submitted its report pursuant to paragraph 4 has

referred the matter to the European banking authority in accordance

with article 19 of Regulation (EC) no 1093/2010 of 24

November 2010 establishing a European

(European banking authority), amending Decision No

716/2009/EC and repealing Commission decision

2009/78/EC, the inspection defer their decision according to

the first paragraph and await the decision of the European

the Bank may be taken by the authority pursuant to article 19(3) of

the same regulation. The FSA will comply with the decision in

the thing from the European banking authority.



The FSA may not refer a matter to the

The European banking authority after the four-month period

or after a joint decision has been reached.



section 8, a decision as referred to in section 6, taken by a

foreign competent authority after an agreement with

other competent authorities or due to the competent

authorities have not reached agreement within the time limits

specified in section 5 applies in Sweden. The decision is binding on the

The Swedish financial supervisory authority, and it should be the basis for

supervision.



§ 9 decision taken under section 6 or 7 shall be reviewed

annually. A decision may also, exceptionally, be reviewed on a

the competent authority responsible for the supervision of subsidiaries

of a parent or a financial institution within the EEA

holding company in the EEA or a mixed financial

holding company in the EEA in writing requesting it in

The financial supervisory authority and, at the same time, the reasons for the request.



section 10 If a mixed financial holding company within the scope of

equivalent provisions on consolidated supervision and oversight

the conglomerates, in particular with regard to risk-based supervision,

the financial supervision authority may, after consultation with the other competent

the authorities responsible for the supervision of subsidiaries, grant

derogation from the relevant parts of this law and regulations

issued under this Act so that the mixed

financial holding company only needs to apply the

relevant provisions of the conglomerate.



If a mixed financial holding company within the scope of

equivalent provisions for supervision on a consolidated basis, and if extra

supervision of insurance undertakings in an

insurance group, in particular with regard to risk-based

supervision, the financial supervision authority may, after consultation with the relevant

authorities responsible for the supervision of insurance undertakings

grant a derogation from the relevant parts of this law so that it

mixed holding company only need to apply the relevant

the rules for the largest sector according to Chapter 2. paragraph 3 of the

the Act (2006:531) on special supervision of financial

conglomerate.



The financial supervision authority shall inform the European banking authority

and the European insurance and occupational pensions authority

decision as the inspection pursuant to the first subparagraph.



Chapter 5. Oversight of internal methods



Ongoing review of internal methods



section 1 of the financial supervision authority shall, at least every three

years, scrutinize how an institution meets the requirements of such

methods that require the authorisation of the competent authorities

before they can be used to calculate the own funds requirements of

accordance with articles 92 to 386 in prudential regulation. At

the assessment shall in particular attention to changes in the

the Institute's business and how internal methods

applied to new products.



section 2 If it is found that an institution's internal methods

under section means substantial in terms of the ability to

identify risks, the financial supervision authority shall ensure that

the Institute addresses the methods or takes the necessary

measures to reduce the consequences of them.



section 3 If an institution authorised to use

by a method referred to in paragraph 1 no longer meets the requirements for

use of the method, the financial supervision authority may require that the

Institute



1. show that the consequences of non-compliance is

insignificant, or



2. presents an action plan to meet again in good time

requirements and specify a period within which the plan will be implemented.



paragraph 4 if it is considered unlikely that the action plan

presented leads to requirements will be met or

If the time limit for implementing it is not

satisfactory, the financial supervision authority shall require

improvements to the plan. If it is unlikely that the Institute

within an appropriate time limit to comply with the


applicable requirements or if the institution is not in a

satisfactory way manages to show that the consequences of

faults are immaterial, shall state that the

use of either method is limited to areas where

the requirements can be met within an appropriate time-limit or

recalled.



§ 5 if it is for an internal market risk model occurs

repeated exceedance, as referred to in article 366 of the

prudential regulation, and suggests that the model is not

sufficiently precise, the financial supervisory authority to revoke

State of the Institute to use the model or

take appropriate measures to ensure that the Institute

urgently improve the model.



Corrective measures at the supervision of internal methods



paragraph 6 of the financial supervision authority may take such corrective measures

an institution's internal methods if it can be clearly established

the Institute's methods leads to an underestimation of

capital base requirements that cannot be attributed to differences in

exposures or the underlying risks.



The corrective actions shall be aimed at targets in a

internal method is maintained.



Chapter 6. Enterprise task to the FSA



Companies shall disclose



paragraph 1 of the following companies shall submit to the financial supervision authority the

information about their activities and related

circumstances that the inspection request for oversight:



1. any undertaking which is subject to supervision on the basis of its consolidated

situation under this law or under a foreign public

Regulation based on the solvency ratio directive,



2. other subsidiaries of an institution or a

financial holding company or a mixed financial

holding companies other than those referred to in 1,



3. mixed-activity holding company and subsidiaries

to the mixed-activity holding company,



4. mixed financial holding companies, and



5. undertakings entrusted with the operation of an institution or a

financial holding company, mixed

activities or mixed financial holding company that

perform a particular job or certain features.



If the company does not provide this information to

The Swedish financial supervisory authority, the supervisory authority shall submit to the company to

do it.



section 2 of the parent undertaking shall publish information relating

the Group's legal structure, governance and

organizational structure.



Cooperation and exchange of information with foreign authorities



paragraph 3 of the financial supervision authority shall in its supervisory activities work together

and exchange information with the following authorities in the

extent permitted by Sweden's membership in the EU:



1. the other competent authorities,



2. the European banking authority,



3. The European systemic risk Board,



4. The European Securities and markets authority, and



5. authorities in the EEA which have oversight over

insurance companies.



If an emergency situation arises in Sweden that can compromise

the liquidity of financial markets or the stability of the

financial system in any country within the EEA,

Finansinspektionen in its supervisory activities work together and

exchanging information, even with other relevant authorities within

The EEA, the European banking authority and the European

systemic risk Board to the extent arising out of Sweden's

membership of the EU.



paragraph 4 of the financial supervision authority may refer the matters related to a

procedure by another competent authority in the EEA to

The European banking authority of dispute resolution in the cases

evidenced by articles 112 (2), 116 and 133 in

the capital adequacy directive.



§ 5/entry into force: 2015-10-01/

The FSA may also refer such questions as

referred to in paragraph 4 of the resolution to the European banking authority

in accordance with article 41(2), 43.5, 50(4), 51(2) of the

the capital adequacy directive.



paragraph 6 of the financial supervision authority shall, at the request of a competent

authority in another country within the EEA, within the framework of their

the power supply or control information needed

to the foreign authority to exercise its oversight.

The foreign authority may attend a control

is done by inspection.



section 7 of the Companies which, according to prudential regulation under

supervision on the basis of their consolidated situation and subsidiaries

to an institution or a financial holding company or

a mixed financial holding company which are not covered by

the provisions on consolidated supervision, shall leave the

data required for regulatory statement to the

companies which, according to prudential regulation should establish

consolidated General Ledger or aggregated information.



The first paragraph also applies to a Swedish company in relation

to a foreign company in the EEA which shall establish and provide

in a report, according to prudential regulation.



Survey



paragraph 8 of the financial supervision authority may, where the inspection is of the opinion that the

needed for supervision, make surveys of



1. undertakings under section 7 shall disclose information as well as in

financial holding companies, mixed

activities and mixed financial holding companies to

check the consolidated General Ledger or aggregated

the information that companies are required to submit,



2. undertakings which have been commissioned by an institution or a

holding company referred to in 1 to perform a particular job

or some functions, and



3. undertakings in a group as financial supervisory authority according to

Chapter 4. § 1 shall supervise.



Information obligation for institutions which are exempt from

supervision on a consolidated basis



section 9 If a subsidiary undertaking which is an institution is exempt

from the scope of consolidated supervision pursuant to

Article 19 of the prudential regulation, the parent of

The FSA provide the information that the inspection

considers that the need for their oversight of the Institute.



Professional secrecy



section 10 A member of the Board of directors or executives of a

financial holding company or a mixed financial

holding companies in the property, knowledge of

business relationships of a company under section 7 shall disclose

information, must not improperly disclose what he or she is a

know, nor make use of the knowledge in the battle with the

supplying the company's interest.



Task to investigators or prosecutors



section 11 of the financial holding companies and mixed

financial holding company is required to disclose information

If an individual's relationship to the company, if during a

investigation in accordance with the provisions of preliminary investigation in criminal cases

requested by the investigators or whether, in a case about the

legal assistance in criminal matters at the request of another State

or an International Court is requested by prosecutors.



Message ban



section 12 of The investigators or prosecutors request

functions under section 11 may provide that the holding company as well as

its Board members and employees may not disclose to the customer

or for any third parties that information has been provided in accordance with

section 11 and that there is an investigation or case

on legal assistance in criminal matters.



Such a ban may be decided if required to a

investigation of crimes should not be compromised or to meet

an international agreement which is binding for

Sweden. The ban should be limited in time, with the possibility of

extension, and may not be for longer than is

justified by the purpose of the ban. In a case

on legal assistance in criminal matters may, however, the ban be limited

only if the State or international court applied for

legal assistance agrees to this.



If a prohibition is no longer justified with regard to the purpose of the

with it, the-patient basis or the Prosecutor may decide to

the ban is repealed.



Chapter 7. Parent undertakings outside the EEA



(1) If an institution is not under supervision on a consolidated basis

According to article 111 of the solvency directive and its

the parent company is a foreign institution or such

financial holding company or a mixed financial

holding company which has its head office outside the European economic area, for 2

and 3 sections if the financial supervision authority pursuant to Chapter 4. 2 – 4 sections

would have exercised oversight of the group if the provisions

had prevailed.



section 2 of the financial supervision authority shall verify whether the consolidated

supervision exercised by the supervisory authority in the country outside

The EEA is equivalent to consolidated supervision as defined in

articles 11 to 24 in prudential regulation and Chapter 4. This law.



The financial supervision authority shall perform the inspection at the request of the

the parent undertaking or of an Institute, Institute for

electronic money or a corresponding foreign company

included in the Group and authorised in the EEA.

Before considering whether the FSA supervision is

equivalent, the inspectorate told the other competent

authorities in the EEA. The inspection will also be before the

the opinion of consulting the European banking authority.



3 § If supervision is not equivalent to

The Swedish financial supervisory authority to apply the provisions on consolidated

enforcement in articles 11 to 24 in prudential regulation and Chapter 4.

This act as if the parent company had its head office in

The EEA.



After consulting the other competent authorities concerned,

The FSA instead decide to use other

supervisory practices to ensure that institutions in

the group is subject to adequate oversight.

The inspection will then submit to the owner of the Institute to

set up a financial holding company or a mixed

financial holding company headquartered in the EEA and

to apply the provisions of this law on institutions in the

business group headed by this holding company.



The financial supervision authority shall inform the competent


authorities, the European Commission and the European

banking authority when such other regulatory methods referred to in

the second paragraph is used.



Chapter 8. Intervention and liability provision



Injunctions and penalties



(1) If an institution or a company does not comply with the requirements of

prudential regulation, this Act or the regulations that

issued pursuant to the Act, the financial supervision authority shall submit to the

institution or company that within a certain time limit

movement in any respect, reduce risks in it, or take

some other action to remedy the situation.



If an institution is violating prudential regulation, this Act

or regulations issued under the law, the

In addition, the provisions concerning intervention in the laws governing

institutions ' activities.



section 2 of the financial supervision authority shall submit a financial

holding company or a mixed financial holding company or

a mixed-activity holding company to take action

to make the correction, if the holding company does not meet the

requirements imposed on it under this law enforcement regulation

or regulations issued under the law. A

such a procedure should also be directed towards a financial

holding company or a mixed financial holding company,

whose leadership does not comply with the requirements of this Act.



section 3 Of the financial supervisory authority Announces notice under this

law, inspection join order with penalty.



Late payment fee



section 4 If an institution, a financial holding company, a

mixed financial holding company or a holding company

mixed-activity holding company with headquarters in Sweden in time

to provide information in accordance with the provisions adopted pursuant to

prudential regulation, the financial supervision authority may decide to

the company shall pay a late charge with a maximum of 100 000

SEK.



The fee to the State.



paragraph 5 of the late payment fee shall be paid to the financial supervisory authority

within thirty days after the decision a final

or the longer period specified in the decision.



section 6 of the FSA's decision to remove the late fee may

be effected without previous judgment or order, if the fee

has not been paid within the period specified in section 5.



section 7 If the late payment fee is not paid within the time

set out in paragraph 5 of the financial supervision authority shall submit the unpaid

the fee for the recovery. Provisions for the recovery of

governmental claims Act (1993:891) for the recovery of

Government receivables, etc.



section 8 a late charge falls away to the extent

enforcement has not been made within five years after the

the decision was final.



The liability provision



section 9 to fine person who willfully or through gross

negligence violates a prohibition notice pursuant to Chapter 6. 12

§.



Chapter 9. Fees



1 § institutions regulated under

prudential regulation and this law with annual dues

pay for FSA's activities and Statistical

Central Agency activities under the Act (2014:484)

database for the monitoring and supervision of

financial markets.



The financial supervision authority may charge fees for the examination of

applications and notifications under prudential regulation and

This law.



If the FSA needs to hire someone with a particular

expertise for the evaluation of a given issue in monitoring

under this law, the cost of this is paid for by the

institutions supervision relates.



10 Cape. Appropriations



section 1 of the Government or the authority, as the Government determines

may provide that complements

prudential regulation of



1. disclosure of information and

supervisory reporting,

2. the calculation of the own funds requirement

as well as own funds,



3. large exposures



4. exposures in real estate,



5. covered bonds,



6. liquidity requirements,



7. internal models for market risks,



8. the standard method for market risks,



9. the standardised approach to credit risk,



10. Irb approach to credit risk,



11. counterparty risk,



12. securitization,



13. the leverage ratio, and



14. the consolidation of the requirements on a consolidated basis.



section 2 of the Government or the authority, as the Government determines

may provide for



1. the requirements under Chapter 3. § 5 shall be made on the

to be included in the management of a financial holding company or

a mixed financial holding company,



2. at any time, in any place and with which

interval institutions shall publish such information as

specified in articles 431-455 in prudential regulation,



3. what information the parent company is required to disclose

According to Chapter 6. section 2,



4. the factors to be taken into account in the determination of a

the appropriate level of own funds in connection with a review and

evaluation of an institution, and



5. the factors to be taken into account and, secondly, when considering

According to Chapter 2. section 3 of where an institution must meet a

in particular the liquidity requirements and, second, in the determination of a

the appropriate level for such special liquidity requirements in

connection with a review and assessment of an institution.



section 3 of the Government may provide for fees under 9

Cape. Article 1, first and second subparagraphs.



11 kap. Appeals



paragraph 1 of the decision taken by the financial supervision authority notifies the according to this law

or pursuant to regulations adopted on the basis of

the law may be appealed to the administrative court. This

does not apply to decisions on matters referred to in section 20 of the first

paragraph 5 the Administrative Procedure Act (1986:223).



Leave to appeal is required for an appeal to the administrative court.



The financial supervision authority may decide that the decision shall apply

immediately.