Entry into force, etc.



section 1 of the Act (2000:192) if public pension funds (AP fonder)

shall enter into force on 1 May 2000 in respect of Chapter 3. and Chapter 5.

section 6, paragraph refer to Chapter 3. Provision of 4

Cape. section 10 also will enter into force on 1 May 2000 in respect of

The first and second national pension funds. At the end of 2000, however,

the highest share of each of the First and the second AP Fund

assets that may be exposed to foreign exchange risk is not

exceed 10 per cent. The law on public pension funds (AP-

funds) in other respects, shall enter into force on 1 January 2001.



Act (2000:193) on the sixth AP Fund shall enter into force on 1 may

2000 as regards Chapter 2. and in General on 1 January 2001.



This law shall enter into force on 30 april 2000.



section 2 of this Act repeals Act (1983:1092) with regulations

for public pension fund in respect of 4-10, 12 paragraph

paragraph and paragraphs 30-33 on 1 May 2000 and on 1 January

2001.



The AP funds ' names



paragraph 3 of the First, second, fourth, fifth, sixth and seventh

Fund boards pursuant to lagen (1983:1092) with regulations for

Public pension fund shall, as from 1 May 2000 switch

name as follows.



-first fund the Board termed Första AP-fonden,

-other Fund Board called AP2,

-Fourth Fund Board is referred to as the fourth Swedish national pension fund,

-Fifth Fund Board is referred to as the third Swedish national pension fund,

-Sixth Fund Board is referred to as the sixth AP Fund, and

-seventh Fund Board is referred to as the seventh AP Fund.



As provided for in the case of the first, second, fourth, fifth,

sixth and seventh Fund boards of that law shall thereafter

apply first, second, third, Fourth, Sixth and Seventh

AP-funds.



Termination of third fund the Board's activities



4 § the third Fund Board pursuant to lagen (1983:1092)

regulations for public pension fund shall cease

activities at the end of april 2000. Assets and

obligations of the business shall then be transferred to Första AP-

Fund.



As provided for in the case of the third Fund, the Board of the law

shall then apply Första AP-fonden.



Transfer of assets to the national debt, etc.



paragraph 5 of the first and second AP funds shall to the Swedish national debt Office

on 1 January 2001 transfer assets with a total

market value of 155 billion.



The assets shall be



1. Swedish or foreign currency;



2. debt securities issued by the State through the

The Swedish national debt Office or



3. liabilities denominated in Swedish kronor with a remaining maturity

of a maximum of 5 years issued by the Swedish credit market companies,

the main business of which is to provide a credit against

security in immovable property (mortgage bonds).



The Government decides, after consultation with the Swedish national debt Office and

First-Fourth AP funds if the detailed composition of the

assets to be transferred.



The costs associated with the transfer to the Swedish national debt Office

shall be paid with the funds, according to what the Government decides.



section 6 of the repealed law (2011:205).



section 7 Of the Swedish national debt Office receives the mortgage bonds under

§ 5 shall be maintained until they mature. The Swedish national debt Office

may, however, make omplace-rings in the Office's possession of

mortgage bonds in order to contribute to the proper functioning of the

market for mortgage bonds. Relocations may, however, be

made if the average remaining term of all

mortgage bonds as the office holder does not increase as a result

by relocations.



Distribution of assets between funds



section 8 of the assets at the end of 2000, managed by

First-Fourth AP funds pursuant to lagen (1983:1092)

regulations for public pension fund shall be distributed among the

funds so that they are added to equal values. Government

Further decides how the assets will be distributed.



The first subparagraph shall not apply to the assets referred to in section 9.

Act (2000:1100).



section 9 First AP Fund, separate from other assets,

managing the First-Fourth AP funds ' holdings of receivables

that is not issued for general circulation, with the exception of the

Receivables referred to in the third subparagraph 2.



To Första AP-Fonden's Special Administration shall also be

Första AP-Fonden's holding of shares in Första AP-fonden Renting

Joint-stock company.



Fourth AP Fund, separate from other assets,

management of third and fourth AP funds ' holdings of



1. shares that are not listed on a stock exchange or any other

regulated market which are not covered by the derogations provided for in Chapter 4. paragraph 5 of the

Act (2000:192) if public pension funds (AP-funds), and



2. convertible bonds and debentures with

warrants, which are not issued for General

turnover.



The fourth AP Fund's specific management may also be

Third and fourth Swedish national pension funds ' holdings of shares and other

shares in the companies referred to in Chapter 4. paragraph 5(2) of the law on public

pension funds (AP-funds).



Of the assets referred to in the first-fourth paragraphs applies

not 4 Cape. section 18 of the Act on public pension funds (AP-funds).

Act (2000:1100).



section 10 of the funds First and fourth Swedish national pension funds receive for the

assets under section 9 is managed separately from the funds '

other assets shall, after deduction of the costs of

management, each quarter is divided between First-fourth AP

funds with a quarter each. Act (2000:1100).



Costs



11 § the costs of termination of third Fund Board

activities and the Organization of the first, second, fourth and

the fifth Fund boards pursuant to lagen (1983:1092) with regulations

for public pension fund for First-Fourth AP funds

shall be paid with the funds, according to what the Government decides.



Transitional provisions



12 § Notwithstanding the requirement in Chapter 1. section 1 of the Act (2000:192) about

public pension funds (AP-funds) to the AP funds shall be

from independent, was one of the first-fourth AP

funds in 2001, managing funds in common with any

or some of the said funds.



section 13 To the end of 2005, the highest percentage of each

one of the First-Fourth AP funds ' assets according to Chapter 4.

section 10 of the Act (2000:192) if public pension funds (AP fonder)

may be exposed to currency risk does not exceed



-15 percent by the end of 2001,

-20 per cent by the end of 2002,

-25 per cent by the end of 2003,

-30 per cent before the end of 2004, and

-35 percent by the end of 2005.



section 14 of the provision in Chapter 4. the second subparagraph of section 18 of the Act (2000:192)

If all-eral pension funds (AP-funds) if the requirements for

management duties shall not apply during the year 2001.



15 § First-fourth and seventh AP Fund shall apply the new

provisions relating to accounting and auditing in Chapter 6. the law

(2000:192) if public pension funds (AP fonder)

financial years beginning after december 31, 2000.

Provisions relating to annual report and audit in 16, 21-25 and

section 45 of the Act (1983:1092) with the regulations for the General

the Pension Fund shall be applied for annual periods has been launched

prior to that.



section 16 of the provision in Chapter 2. section 2 of the Act (2000:192) on the General

pension funds (AP-funds) if the pension payments, to

and by the end of 2002 also relate to supplementary pension in the form of

old-age pension under the Act (1962:381) on general insurance and

national pensions in the form of old-age pension in accordance with Chapter 6. the same law

to persons who are entitled to a supplementary pension in the form of

old-age pension under the provisions of the law in the version prior to the

on 1 January 2001. Act (2000:790).