Chapter 1. Introductory provisions
The scope of the law
section 1 of this Act are applicable to credit institutions and
securities companies. With the credit institutions referred to banking companies,
savings banks, member banks, credit market companies
(credit market companies and credit unions), and
Swedish skeppshypotekskassan. With securities companies referred to the
as stated in Chapter 1. paragraph 5 of the 26 teams (2007:528)
securities market.
Provisions relating to consolidated accounts in Chapter 7. shall apply to
financial holding companies which exclusively or principally
manages investments in subsidiaries that are credit institutions or
securities companies or foreign companies of the corresponding kind.
With financial holding company "means a corporation, a
partnership or an economic association whose activities
exclusively or almost exclusively consists in that in
acquisition and management of participations in subsidiaries.
Law (2011:1067).
The references to the annual accounts Act
section 2 of this Act When it refers to a provision in the
annual accounts Act (1995:1554) the provision shall apply
even if the specified apply to limited companies, unless specifically
is provided.
Annual accounts Act applicable to
larger businesses and larger corporations shall apply to
credit institutions and investment companies subject to this
law, unless otherwise provided.
Annual accounts Act that apply to financial
associations shall apply to member banks and
credit unions, if not otherwise specifically provided for.
If the provision in the Swedish annual accounts Act refers to another
provision in the annual accounts Act or the articles of
annual accounts Act in its entirety, must also reference
shall apply, subject to the provisions of this law
or in regulations made under this Act.
Law (2011:764).
Definitions
paragraph 3 of the bank for the purposes of this Act
banking companies, savings bank and Credit Union.
With building societies referred to Swedish skeppshypotekskassan.
Law (2011:458).
section 4 of the following provisions of Chapter 1. the annual accounts Act
(1995:1554) shall apply:
3 paragraph 2 concerning the definition of the units,
4 section of the group, the parent company, subsidiaries
and group companies,
4 a section on what constitutes participation;
§ 5 What is meant by associates,
5 a section of what is meant by the jointly controlled entity,
section 6, if the consideration for certain rights of intermediary
accommodation,
section 7 if the obligation for parent companies and subsidiaries to
leave each other disclosures, and
8 and 9 sections on what is meant by related parties.
Law (2015:817).
Normgivningsbemyndigande
section 5 of the Government or, by authority of the Government,
The financial supervision authority shall notify the
1. credit institutions and securities corporate bookkeeping,
the annual accounts, annual report, consolidated financial statements and interim reports;
and
2. the consolidated financial holding companies shall
establish under this Act.
section 6 of the Government or, by authority of the Government,
The financial supervision authority may provide that the provisions of this law, or
regulations issued pursuant to this Act, if the groups shall
apply for a group of companies, which do not constitute a group under paragraph 4,
But having a common or essentially unified leadership.
Fiscal year for certain credit institutions
section 7 For banks and building societies are calendar year fiscal year
subject to the provisions of Chapter 3. section 3 of the accounting Act (1999:1078).
Law (1999:1113).
Chapter 2. General provisions concerning annual accounts
Preparation of the annual report
section 1 of the credit institutions and investment firms covered by
Act (2014:968) if special supervision of credit institutions and
securities companies, a capital adequacy analysis be included in the
the annual report. Law (2014:975).
Annual accounts Act application
section 2 of the following provisions concerning annual report content in 2
Cape. annual accounts Act (1995:1554) shall apply:
§ 1 if parts of the annual report,
2 § about rationality and the generally accepted accounting principles,
3 § If true image,
3 a of materiality,
section 4 If other basic accounting principles,
§ 5 If the shape, etc.,
section 6, if the currency, and
paragraph 7 of the first and fifth-seventh paragraphs of the annual report
signature. Law (2015:817).
Chapter 3. Balance sheet and income statement
Layouts for the balance sheet and profit and loss account
§ 1 the balance sheet shall be drawn up in accordance with the
format set out in annex 1 to this Act.
The profit and loss account shall be drawn up in accordance with the format
as set out in annex 2. References in this Act to records
applies to records in these layouts, if not something
otherwise indicated.
Notwithstanding the first subparagraph, and paragraphs 2 and 3, credit institutions and
securities companies referred to in the third paragraph split
records with respect to their nature and relative
liquidity, if it is consistent with Chapter 2. 2 and 3 of
annual accounts Act (1995:1554).
The provisions of the second subparagraph
1. companies covered by a consolidated
drawn up in application of the international
accounting standards referred to in the European Parliament and
Council Regulation (EC) No 1606/2002 of 19 July 2002 on
the application of international accounting standards, in
the wording according to Regulation (EU)
297/2008, and
2. other companies whose securities are admitted
to trading on a regulated market.
The Government or, by authority of the Government,
The financial supervision authority may provide for different
layouts for the balance sheet and profit and loss account
for securities companies, if the deviations are necessary in
These articles of specific business objectives.
Law (2015:817).
Annual accounts Act application
section 2 of the following provisions concerning the balance sheet and
the profit and loss account in Chapter 3. annual accounts Act (1995:1554)
to apply:
section 1 if the content of the balance sheet,
section 2 If the layout of content,
paragraph 4 of the first, third and fourth subparagraphs of set-up and
merging records, etc.,
paragraph 5 of the first to third paragraphs about benchmarking
5 a § if the share premium,
section 8 if the specification of the larger accrual entries,
§ 9 about provisions, and
section 10 if the specification of certain major provisions.
For the purposes of Chapter 3. section 4 of the Swedish annual accounts Act, it
is being said there about the merging of records that are preceded by
Arabic numerals rather than apply to items which are preceded by small
the letters. Law (2015:817).
Specific rules on the Division of equity
paragraph 3 of the equity will be divided as follows:
1. In banking companies and other companies that are covered by
This law equity divided into restricted equity
and non-restricted equity or accumulated loss. Under bound
equity, it should be taken up share capital, revaluation reserve,
Fund for development spending, reserve fund and
The equity fund. In the capital, it should be taken up
free funds, separately, retained earnings and
profit or loss for the financial year. Balanced loss
and loss for the year will be up as
deduction items.
2. In savings banks, private equity can be divided into
funds and the profit or loss for the financial year. With funds
referred to the Base Fund, revaluation reserve, reserve fund,
The equity fund, the Fund for fair value, guarantee fund and
Fund for development expenditure. The term Fund shall not
be used for any other amounts in the balance sheet. Loss
for the fiscal year is taken up as a deduction.
3. In member banks and credit associations, private
the capital is divided into restricted equity and unrestricted
capital or accumulated loss. Under the restricted equity should
It raised capital, revaluation reserve, reserve for
development costs, reserve fund and the equity fund.
Member operations and subordinated debentures will be accounted for was for
themselves. In the capital, it should be taken up free funds,
separately, the profit or loss brought forward and the profit or
loss for the financial year. Retained earnings/loss
for the fiscal year will be up as deductions.
4. Joint-stock company, member banks and financial organizations
covered by this law shall provide detailed information on the
amount of equity which cannot be regarded as
distributable with respect to the relevant provisions of
capital protection according to laws of motion for credit institutions and
securities companies, and if the circumstances justifying the
the assessment.
5. If a savings bank has contributions to the guarantee fund in another
currency than in the accounting currency, are recalculated according to the
the exchange rate at the balance sheet date. The difference between the recalculated
amount and the equivalent amount at the beginning of the financial year
shall be brought against other funds. Law (2015:817).
Chapter 4. Valuation rules
Annual accounts Act application
Article 1 the following provisions concerning the valuation in Chapter 4.
annual accounts Act (1995:1554) shall apply:
Article 1, first paragraph and paragraph 2 of what is
fixed assets and current assets,
§ 3 If the acquisition value of the fixed assets,
section 4 If depreciation of fixed assets,
§ 5 If the impairment of fixed assets,
section 6, if the revaluation of fixed assets,
sections 7 and 8 of the requisitioning of the revaluation reserve and
Fund for development expenditure,
§ 9 the first to fourth paragraphs on the valuation of
current assets,
section 10 on the valuation of work in progress,
section 11 if the stock cost,
12 section on accounting for fixed quantity and value,
13 a of the equity method of accounting,
section 14 on its own shares,
14 a and 14 (d) § § on the valuation of financial instruments,
14 e § on the valuation of hedged items,
15 § if accruing some amount on the admission of
loans,
15 a of if provisions, and
section 16 if the conversion of subordinated debentures.
Law (2015:817).
Special rules regarding assets and liabilities
section 2 of The provisions referred to in paragraph 1 in Chapter 4.
annual accounts Act (1995:1554) shall apply with the following
deviations:
1. In a bank is required for revaluation of fixed assets
According to the first subparagraph of paragraph 6 of the financial supervisory authority consent.
2. In a savings bank may write up the amount, at the write-up
According to section 6 of the first subparagraph, for allocation to the
Reserve Fund, and the revaluation reserve, rather than what
stated in section 7, for allocation to the reserve fund.
3. A bank may not apply paragraph 7(1) 2 of
use of revaluation reserve to cover losses.
4. For a credit market company examines the General Court a
case under section 7 of the second paragraph to include the revaluation reserve
in claims. In the case of the permission of the court case 10 Cape. section 14 of the
Act (2004:297) on banking and finance law in
applicable parts.
5. If there are special reasons, the financial supervision authority may permit
that other credit institutions and securities companies than those
undertakings as referred to in Chapter 3. the third paragraph of section 1 of this Act,
apply the provision in section 13.
6. Financial instruments shall be admitted to its real value
If it is in accordance with section 14.
7. Credit institutions and investment companies subject to this
law should apply paragraph 14 (b). Law (2011:1555).
What is financial fixed assets
section 3 financial fixed asset, of course
1. shares in Group companies,
2. investments in associates and jointly controlled entities,
3. participating interests in other companies,
4. securities, and
5. different access than access should be included in the records
Intangible fixed assets (item 10) and material
assets (post 11), provided always that
the assets are intended to be permanently held in the
ordinary course of business. Law (2015:817).
The costs of setting up of a guarantee fund in the savings bank
4 § the costs of setting up of a guarantee fund in accordance with Chapter 5. 1 §
Savings Bank Act are amended (1987:619) must not be included as an asset.
Accrual of premium and discount
§ 5 If the amount paid for debt securities or
loan receivables that are not addressed to its fair value as
Chapter 4. 14 a of the annual accounts Act (1995:1554) is greater than or
falls short of the amount to be received at maturity
(premium and discount), the difference shall
accrued.
When calculating the cost of interest-bearing
Securities and loans, accrual of
Premium or discount referred to in the first subparagraph shall be taken into account.
An allocation under the first subparagraph may be omitted in
the same conditions as those set out in Chapter 4. section 15 other
sentence, the annual accounts Act. If an accrual during the song's
shall disclose the relationship is disclosed in the notes on the accounts.
Lag (2003:772).
Translation of assets and liabilities
section 6 of the assets and liabilities in currencies other than the
accounting currency not listed at their real value
According to Chapter 4. 14 a of the annual accounts Act (1995:1554) shall
are translated at the exchange rate at the balance sheet date, if not by
Special measures should be protected or is protected against
changes in exchange rates.
Tangible and intangible fixed assets, as well as such
financial fixed assets consisting of shares may
Notwithstanding the first subparagraph be translated at the rate
at the time of acquisition. Lag (2003:772).
7 repealed by law (2003:772).
Chapter 5. Notes, etc.
Annual accounts Act application
Article 1 the following provisions regarding explanatory notes in Chapter 5.
annual accounts Act (1995:1554) shall apply:
paragraph 3 of the note sequence,
section 4 If the valuation principles,
§ 5 If deviations from the basic accounting principles,
section 7 about benchmarking
section 8 if the fixed assets,
§ 9 on goodwill,
section 10 concerning financial instruments
section 11 of the revaluation reserve,
section 12 of the fair value,
section 14 if the pledged assets,
section 15 contingent liabilities,
16 § about commitments in favour of Group companies and others,
paragraph 17 on the economic arrangements that do not
are recognised in the balance sheet,
section 18 of loans to senior executives,
19 § exceptional income and expenses,
section 20 on the average number of employees during the financial year,
section 21 of the parent company,
section 22 relating to significant events after the end of the financial year,
section 23 and section 24 of the first paragraph on transactions with
related,
section 25 for additional information about fixed assets,
section 26 of current assets,
section 27 for additional information on financial instruments,
29 and 30 § § if subsidiaries and certain other companies,
32 section for further information about loans to leading
executives,
33 section on convertible loans,
section 34 of the share capital,
35 § appropriation of the profit or loss,
36 § on taxes,
37 section for further information about employees,
section 38 of the gender distribution among senior executives,
sections 39 and 40 of salaries, other remuneration and social security
costs,
41 section on pensions and similar benefits,
section 42 of the previous Board of Directors and Managing Director,
43 § of Deputies and executive vice President,
44 section of agreement regarding severance pay,
45 section for further information about the parent company,
§ 46 if additional information concerning the pledged assets,
48 section on remuneration to the Auditors and audit firms,
and
section 49 of the European company and the European cooperative society.
For the purposes of Chapter 5. 40 and 41 of the annual accounts Act
all businesses covered by this law shall be considered as
public limited-liability companies.
The information to be disclosed in the notes on the accounts. Law (2015:817).
Special rules for information in notes
section 2 of The provisions referred to in paragraph 1 in Chapter 5.
annual accounts Act (1995:1554) shall apply with the following
deviations:
1. for the purposes of section 15 shall be disclosed in particular
If
a) accepted and endorsed bills,
b) WARRANTIES,
c) irrevocable commitments that involves risk-taking, with
commitments arising out of sale and repurchase transactions shall be indicated
in particular, and
(d)) other contingent liabilities.
2. for the purposes of section 18, second subparagraph, first sentence
loans to senior executives, information about
main loan terms, interest rates and under
fiscal year amount repaid is omitted.
3. question of authorization pursuant to section 30 of the first paragraph to omit
information on subsidiaries and certain other companies examined by the
The Swedish financial supervisory authority.
4. information to be provided in accordance with paragraph 2 of 40
salaries and employee benefits will include salaries
and allowances to delegates in the banks. Law (2015:817).
Specific rules on other information
2 a § except as permitted by other provisions of this
law, the annual report contain the information referred
in paragraphs 3 to 6. The information to be disclosed in the notes on the accounts. If it is not
contrary to the requirement of transparency, the information contained in the
rather than be left in the balance sheet or income statement.
Law (2015:817).
Information about assets
3 § in addition to that resulting from paragraph 1, the following information
provided assets:
1. transferable securities which are not admitted to its
fair value pursuant to Chapter 4. 14 a of the annual accounts Act
(1995:1554) should be provided on the difference between
acquisition cost and fair value. The part relating to the
securities are stated at the lower of cost
and the net realizable value in accordance with paragraph 9 of the same chapter,
disclosed separately.
2. If the book value of debt securities
not addressed to its fair value pursuant to Chapter 4. 14 a of the
the annual accounts Act, exceeds or falls below the amount
that will be settled on the due date, the difference set.
The sum of the excess amount must be stated separately and the sum of
undercutting amount must be stated separately.
3. Greater amount in the item "other assets (item 13)
specified by its size and nature.
4. Each asset shall be divided into such assets as
According to Chapter 4. annual accounts Act is taken up
(a)) on the basis of the acquisition value in accordance with paragraph 3,
(b)) at the lower of cost or market value
net realizable value in accordance with section 9, and
(c)) at its fair value as referred to in paragraph 14 (a).
Law (2015:817).
Information on liabilities
4 § in addition to that resulting from paragraph 1, the following information
provided of liabilities:
1. For each of the subordinated debt which amounts to more than ten
percent of the subordinated liabilities, enlightenment
left on the loan amount, loan currency, interest rate, maturity date,
circumstances that can lead to early repayment,
After hire terms and conditions and terms of
payment on the due date or for conversion. In addition, the
summary information about the rules that apply
for other subordinated liabilities.
2. Greater amount in the item other liabilities (4),
specified by its size and nature. Law (2015:817).
Information on the layout of the items
5 § in addition to what follows from § 1, the following information should be provided on
the line items:
1. Larger amounts in items other operating income (item 8) and
Other operating expenses (item 11) must be specified to their size
and art.
2. Record loan losses, net (post 12) shall be divided into
impairment losses and reversals of impairment losses.
Information on group companies and certain other businesses
6 § in addition to that resulting from paragraph 1, the following information
be provided on subsidiaries, associates, jointly controlled
companies and other companies that there is a participation
in the.
1. For each of the assets eligible for refinancing
Treasury bills, etc. (post 2), credits to
credit institutions (record 3), lending to the general public (4)
and bonds and other interest-bearing securities (item 5)
should disclosure of the claims relating to
subsidiaries, associates, jointly controlled entities
and other companies there is an ownership interest in.
2. For each of the records of debt liabilities to
credit institutions (record 1), deposits and borrowing from the public
(record 2), debt securities, etc. (record 3) and
Subordinated liabilities (item 7) must be disclosed on the
liabilities relating to subsidiaries, associates, joint
controlled entities and other companies that there is a
ownership interest in.
3. disclosure of subordinated assets of Group companies,
Associates, jointly controlled entities and other
companies that there is a participation in particular shall be provided
for each asset. Law (2015:817).
Information relating to the capital adequacy ratio, etc.
Article 7 for the purposes of this Act, Article 434.2 in
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 shall be taken into account. Law (2014:975).
Chapter 6. Annual reports, etc.
Annual accounts Act application
Article 1 the following provisions of Chapter 6. the annual accounts Act
(1995:1554) shall apply:
section 1 first to fourth subparagraphs story about management
content,
section 2 on the proposal for allocation of profit or loss
accommodation,
2 a § if certain information in the management report of the
joint-stock companies whose shares are admitted to trading on a regulated
market or an equivalent market outside the European
economic area,
section 3(1) if some information on economic
associations, as well as
§ 5 If the cash flow analysis.
Banking companies, credit market companies and securities companies,
whose shares are admitted to trading on a regulated market in
Sweden, shall also apply, Chapter 6. 1 a of the annual accounts Act
If the management story's content.
Banking companies, credit market companies and securities companies,
whose securities are admitted to trading on a
regulated market, shall also apply, Chapter 6. 6 – 9 § §
the annual accounts Act for the corporate governance report.
Law (2015:817).
Specific disclosures in the annual report
2 § in addition to what follows from section 1, the following information
given in the annual report:
1. a member bank shall enter the totals of the bet amount
repaid during the next fiscal year pursuant to Chapter 4. 1 and 3, § §
Act (1995:1570) where the member banks.
2. a proposal for appropriations under Chapter 6. paragraph 2 of the first
the sentence the Swedish annual accounts Act (1995:1554), the Management Board shall specify the
the considerations with respect to the applicable
rules on capital protection under laws of motion for
credit institutions and securities companies. Lag (2003:772).
Capital adequacy analysis
section 3 of the solvency analysis data shall be provided on
capital base and capital base requirements in accordance with the
follows from the Regulation (EU) no 575/2013.
The parent company under the same regulation shall comply with the requirements
in the regulation on the basis of a group's consolidated
situation, shall provide the information referred to in the first subparagraph
with regard to the group. Law (2014:975).
Chapter 7. Consolidated financial statements
Consolidated financial statements preparation
section 1 of the credit institutions and investment companies is the parent company
and the financial holding companies referred to in Chapter 1. 1 §
the second subparagraph shall establish, for each fiscal year
consolidated financial statements in accordance with this law, unless otherwise provided by
5 or 6 a of the.
For financial holding companies covered by the Act
(2014:968) if special supervision of credit institutions and
securities companies, a capital adequacy analysis according to Chapter 6.
paragraph 3 shall be included in the consolidated financial statements. Law (2014:975).
Annual accounts Act application
section 2 of the following provisions of the consolidated in Chapter 7.
annual accounts Act (1995:1554) shall apply:
4 § on the consolidated financial statements share,
§ 5 If the subsidiaries that are covered by
the consolidated financial statements,
section 6, on logic, GAAP and fair
image,
the second subparagraph of paragraph 7 on the currency,
the first sentence of paragraph 8 of the General requirements for
the consolidated balance sheet and consolidated profit and loss account,
section 9 If the non-controlling interest,
section 10 on the balance sheet date,
section 12 on uniform principles for the consolidated financial statements and
the annual report,
section 13 if the eliminations between group companies,
section 15 on changes in group composition,
16 and 17 sections of subsidiaries and certain other companies,
18-23 sections on how to be included in the subsidiary
the consolidated financial statements,
25 – 30 paragraphs about how investments in associated companies and joint
controlled entities should be included in the consolidated accounts, and
the second and third paragraphs of section 31 of the consolidated system for
internal control and risk management. Law (2015:817).
Specific rules for participation in subsidiary companies in some cases
section 3 of The provisions referred to in paragraph 2 in Chapter 7.
annual accounts Act (1995:1554) shall apply with the following
deviations:
1. Apply a 5 paragraph 3 concerning the omission of certain
subsidiaries of shares held as part of a
promoting financial for a reconstruction or recovery of
a subsidiary undertaking which is a credit institution or
securities companies, the parent company
– in a not disclose the nature and terms of the
financial stödaktionen, and
– to submit its consolidated subsidiary
annual report.
2. Questions about the permit referred to in section 17 to omit data on
subsidiaries and certain other companies examined by the
The Swedish financial supervisory authority. Law (2015:817).
General rules for consolidated financial statements
section 4 Of the consolidated financial statements apply mutatis mutandis
1. the General rules for the annual accounts in Chapter 2.
section 2, with the exception of the references to Chapter 2. 1-3 sections
annual accounts Act (1995:1554),
2. the provisions concerning the balance sheet and profit and loss account in 3
ch.,
3. the provisions relating to valuation rules in Chapter 4,
4. the provisions of notes, etc., in Chapter 5., with the exception of
2 § 1 and the references to Chapter 5. 21, 29, 30 and 45 § §
the annual accounts Act and,
5. the provisions on the management report and
cash flow analysis in Chapter 6. Article 1, first paragraph, with the exception
for the reference to Chapter 6. paragraph 2 of the first subparagraph and paragraph 3 of the
the annual accounts Act.
Notwithstanding the first subparagraph 4, the information referred to in Chapter 5. 40 §
the third sentence of the third paragraph and in Chapter 5. paragraph 41
the third sentence of the Swedish annual accounts Act is omitted in the case of
daughter companies. For the purposes of these provisions,
However, the information provided include salaries and other
benefits from Group companies. Law (2015:817).
When consolidated financial statements need not be established
section 5 of The parent undertaking which is a subsidiary need not present
consolidated financial statements if the conditions provided for in Chapter 7. section 2 of the
the first or second paragraphs annual accounts Act (1995:1554)
see, as well as
1. the excluded company's obligations have been guaranteed by its
the parent company, and
2. this parent is an institution in whose activities included
to borrow from the public and to grant credits for
own account.
The parent company by virtue of the first subparagraph have not successfully established
any consolidated accounts shall, in accordance with the provisions of 8
Cape. 5 and 5 (a) of this law or Chapter 8. 3 and 3 a § §
the annual accounts Act, publish the consolidated
referred to in Chapter 7. 2 paragraph 1 annual
consolidated auditor's report. Documents submitted to the
the Registrar shall be promulgated in accordance with Chapter 8. section 6 of this
team. The registration authority may submit to the parent company to
submit a certified translation into Swedish of the documents.
Such injunction shall be issued by the Registrar of
someone requests it.
The first subparagraph shall not apply in the cases referred to in Chapter 7. section 2 of the fourth
subparagraph, the annual accounts Act.
Information on the proportion referred to in the first subparagraph 1 shall
in the excluded company's annual report.
Law (2007:1461).
section 6 of the first paragraph Of section 5 applies, in a note to the
excluded the company's annual report, in addition to such information as
listed in Chapter 7. 2 paragraph annual accounts Act (1995:1554),
all in all, for the exempted company and its subsidiaries also
listed:
1. The sum of income statement items interest income (item 1),
Leasing revenues (post 2), Commission income (item 5), net income
of financial transactions (item 7) and other operating income
(post 8),
2. Net profit
3. The sum of shareholders ' equity, as well as
4. the average number of employees during the financial year.
6 a of a parent need not establish any
consolidated accounts of all subsidiaries, both were for
themselves together, but essential.
A parent does not have to establish any
consolidated financial statements of the parent company's subsidiaries
does not need to be covered by the consolidated financial statements of reasons as
listed in Chapter 7. paragraph 5, second subparagraph, the annual accounts Act
(1995:1554). Law (2015:817).
Consolidated accounts of the parent undertaking which are covered by IAS
Regulation
section 7 of the Companies referred to in paragraph 1 and falling within the scope of article 4 of the
European Parliament and Council Regulation (EC) No 1606/2002 of the
19 July 2002 on the application of international
accounting standards, in the wording of the European Parliament
Regulation (EU) No 297/2008 shall apply only
the following provisions of this chapter:
1. section 1 if the obligation to prepare consolidated accounts and in
some cases a solvency analysis,
2. paragraph 2 as regards the reference to
a) Chapter 7. 4 paragraph 4 annual accounts Act
(1995:1554) of annual report
b) Chapter 7. 12 of the same law on uniform
valuation principles,
c) Chapter 7. the second and third paragraphs of section 31 of the same Act on
the Group's system of internal control and risk management,
3. paragraph 4 regarding the references to
a) Chapter 2. section 2 of this Act, in so far as the section refers
the annual accounts Act, provisions in Chapter 2. § 5 If the shape
accommodation and Chapter 2. 7 § on the signing,
(b)) 3. 3 § 1-4 of this Act if the Division of equity,
c) Chapter 5. section 1 of this Act, in so far as the section refers
the following provisions of Chapter 5. the annual accounts:
– section 18 if loans to senior executives,
-section 20 on the average number of employees during the financial year,
– section 32 for further information about loans to leading
executives,
– section 37 for further information about employees,
– § 38 of the gender distribution among senior executives,
-40 paragraph 1 and the second and third paragraphs of
salaries and other remuneration,
– section 41 relating to pensions and similar benefits,
– § 42 of the previous Board of Directors and Managing Director,
– section 43 if deputies and executive vice President,
– § 44 of agreement regarding severance pay, and
– section 48 concerning the remuneration of the Auditors and audit firms,
d) Chapter 5. 2 § 2 of this Act with the specific rules on
explanatory notes,
e) Chapter 6. section 1 of this Act, in so far as the section refers
to Chapter 6. Article 1 of first to third subparagraphs, the annual accounts Act
If the management story's contents and to Chapter 6. 2 a of the
the annual accounts Act for certain information in the
the annual report,
f) Chapter 6. section 2 of this Act if the specific disclosures in
the annual report, and
4.5 to 6 a section about when consolidated financial statements need not
be established.
The company need not disclose information pursuant to Chapter 6. 1 §
If the information is given elsewhere in the
General Ledger. In such a case, the directors ' report
contain a reference to the place where the data are
been provided. Law (2015:817).
section 8 undertaking referred to in paragraph 1 but which are not covered by article 4
in European Parliament and Council Regulation (EC) No 1606/2002 of the
19 July 2002 on the application of international
accounting standards shall prepare consolidated accounts in
accordance with these international accounting standards. In
such a case apply section 7. Act (2004:1175).
Chapter 8. Publicity
Registration authority
1 § Bolagsverket's registration agency for companies
covered by this law.
For other companies referred to in this law than banks and
building societies, Chapter 8. annual accounts Act (1995:1554)
apply, instead of the 2-8 sections below, with the following
deviations:
1. for the purposes of Chapter 8. section 3 and section 4 of the first and third
paragraphs, the annual accounts Act for the publication should
credit unions are covered by the provisions of
joint-stock company.
2. for the purposes of Chapter 8. section 6 of the annual accounts Act for
late fees, the credit market companies and
securities companies are always considered as public companies.
Law (2011:764).
Annual accounts Act application
section 2 of the following provisions of Chapter 8. the annual accounts Act
(1995:1554) shall apply:
14 and 15 sections of the publication of the annual report,
15 a section on the publication of the corporate governance report, as well as
16 § 2 If the omission of information in the consolidated financial statements.
Law (2009:35).
Information on complaints
section 3 of The annual report which will be published in an incomplete condition
in accordance with Chapter 8. 15 § annual accounts Act (1995:1554) shall also
indicate remarks under 4 (a). 13-15 § §
Savings Bank Act are amended (1987:619) and 7 (a). 13-15 § § the Act
(1995:1570) where the member banks. Act (2004:317).
The submission of the annual report of the Auditors
section 4 of the annual report for the past fiscal year shall
be submitted to the Auditors and lay Auditors
1. in a banking company or of a member bank within one month
before the annual general meeting,
2. in a savings bank not later than one month before the annual general meeting, however,
last modified on March 31,
3. in a mortgage institution no later than four months after
the end of the financial year. Law (1999:913).
Submitting to the registration authority
§ 5, A bank and a building society shall submit certified
copies of the annual report and Auditor's report for the
past financial year to the Registrar within one
month after the date of balance sheet and profit and loss account
are determined.
On the copy of the annual report, a member of the Board of directors or the
the Executive Director sign for proof that the balance sheet
and profit and loss account has been established. An indication should also be provided
on adoption day. The evidence should also include
resolutions regarding the Bank's or institution's profit
or loss.
With a certified true copy assimilated for the purposes of this Act
an electronic original. Law (2009:35).
5 a of the documents referred to in section 5 shall be transmitted electronically
to the Registrar.
A certificate of approval under paragraph 5 of the second paragraph,
signed with an electronic signature.
The Government or the authority, as the Government determines
notifies the
1. electronic transfer to the Registrar of
the documents referred to in paragraph 5,
2. attestation of an electronic copy is in conformity with
the original, and
3. the electronic signature in accordance with the second subparagraph.
Law (2007:1461).
5 b repealed by law (2013:437).
Registration of the bank register
section 5 (c) the Registration Committee shall register annual report
and the audit report for banking companies in the bank register.
Registration must be done in Swedish. If a banking company as
a registration relating to the request, the registration also
be made in an official language of the European Union
or Norwegian or Icelandic.
The requesting that a registration shall be made on any other
language than Swedish shall, unless the Registrar decides
otherwise, file a translation in the language of the
information or documents to be recorded. Translation
shall be made by a translator who is certified or has
corresponding foreign authority. Law (2007:1461).
Announcement
6 § When the annual report and Auditors ' report under 5 and
5 a § § submitted to the Registrar, shall
authority shall announce this in a magazine.
In the case of companies, a proclamation written in the same
language registration in the bank register. Law (2007:1461).
VITE
paragraph 7 of Executive Director or member of the Board of Directors of a bank
or a mortgage institution under this Act shall produce
financial statement or the auditor to
the Registration Committee, may be presented to the authority at the
penalty to fulfil this obligation.
Question about imposing the penalty assessed by the Registrar.
Act (2000:823).
Consolidated financial statements and the auditor's report
section 8 of This chapter also apply to the consolidated accounts and
consolidated auditor's report.
Chapter 9. Interim report
Obligation to provide interim report
1 § at least once during a fiscal year covering more than
ten months, a separate report (interim report) released
According to this law. Law (2006:872).
Annual accounts Act application
section 2 having regard to the provisions of paragraph 3 shall
the provisions on interim report in Chapter 9. the annual accounts Act
(1995:1554) shall apply with the exception of article 1, first paragraph, and
the reference in paragraph 2 of the first paragraph to Chapter 8. 3 (b) §
the annual accounts Act. Law (2007:1461).
Specific rules on the provision and content of the interim report
3 § in addition to the provisions of Chapter 9. section 2, first paragraph
annual accounts Act (1995:1554) on the provision of
interim report, etc. to the interim report of the savings banks immediately
be submitted to the principals who request it.
In the interim report should, in addition to what is stated in Chapter 9. paragraph 3 of the
the annual accounts Act, information must be given on the development of
deposits and loans since the previous fiscal year
output.
Such information about the group as set out in Chapter 9. paragraph 3 of the fifth
subparagraph, the annual accounts Act need not be given, if
1. the company in accordance with Chapter 7. section 2 of the Swedish annual accounts Act
not have established any consolidated accounts for almost
the previous fiscal year,
2. the parent company whose consolidated financial statements submitted to the
the registration authority in accordance with Chapter 7. section 2 of the Swedish annual accounts Act
has prepared an interim report covering the same reporting period
as the company's interim report,
3. parent's interim report contains equivalent
data that includes the group,
4. the undertaking in its own interim report leaves the task of
the parent company name, registration number or, where applicable,
cases, social security numbers and the seat, and
5. conditions in Chapter 7. 5 section 1 and 2 of this
law are met.
For information about the group is omitted, referred to in the third subparagraph
the provisions of Chapter 9. section 2 of the Swedish annual accounts Act for the
the interim report referred to in the third subparagraph 2. Is the
the interim report is not prepared, in Swedish
the Registrar, whether the report should be submitted to the
the Registration Committee, submit to the company to submit
also a certified translation into Swedish. Such a
injunction should be issued if someone requests it.
An interim report into a banking company that is submitted to the
the Registrar shall be recorded in accordance with Chapter 8. 5 c §
This law. Law (2009:35).
VITE
section 4 provisions of Chapter 8. section 7 if the penalty also applies to interim report.
10 Cape. Appeal
section 1 of the FSA's decisions in matters of consent or
permit pursuant to Chapter 4. (2) section 1, Chapter 5. 2 § 1 and Chapter 7. 3 § 2
as well as the latter's decisions in matters of
1. notice under Chapter 7. paragraph 5 of the second paragraph, Chapter 8. 7 §
the first paragraph and Chapter 9. paragraph 4, as well as
2. imposition of liquidated damages in accordance with Chapter 8. the second subparagraph of paragraph 7 and Chapter 9.
section 4, may be appealed to the administrative court.
Leave to appeal is required for an appeal to the administrative court.
Act (2000:823).
Annex 1 presentation of balance sheet
ASSETS
1. Cash and balances with central banks
2. Chargeable Treasury bills, etc.
3. Loans to credit institutions
4. Lending to general public
5. Bonds and other interest-bearing securities
6. Investments (not included in item 7, 8 or 9)
7. Investments in associated companies and jointly controlled
company
8. Shares and participations in Group companies
9. Ownership interests in other companies
10. Intangible fixed assets
a) Goodwill
(b)) Other intangible assets
11. tangible assets
a) Equipment
b) lease assets
c) land and buildings
12. Subscribed capital
13. Other assets
14. prepayments and accrued income
Total assets
LIABILITIES, PROVISIONS AND EQUITY
1. Amounts owed to credit institutions
2. Deposits and borrowing from the public
(a)) deposits
b) borrowings
3. the issued securities etc.
a) debt securities issued
(b)) other
4. Other liabilities
5. Accrued expenses and deferred income
6. Provisions
a) provisions for pensions and similar obligations
b) provisions for taxes
c) other provisions
7. Subordinated liabilities
8. Untaxed reserves
9. share capital/basic fund/capital
10. Share premium
11. Revaluation reserve
12. Other funds
a) Reserve Fund
b) equity fund
c) fair value reserve
d) guarantee fund
e) Fund for development costs
f) other funds
13. Profit or loss brought forward
14. Profit for the year
Total liabilities, provisions and equity
Law (2015:817).
Annex 2 presentation of income statement
1. Interest income
2. Leasing revenues
3. Interest expenses
4. Dividends received
5. Commission income
6. Commissions payable
7. Net financial income
8. Other operating income
9. General administrative expenses
10. Depreciation and amortisation of tangible and intangible
non-current assets
11. Other operating expenses
12. Net credit losses
13. Impairment of financial fixed assets
14. Reversals of impairment losses on financial
non-current assets
15. Appropriations
16. Income tax expense
17. Other taxes
18. Profit for the year
Law (2015:817).
Transitional provisions
1995:1559
1. this law shall enter into force on 1 January 1996 and applied first
time for financial years beginning after december 31,
1995.
2. the Present law or regulation referring to
Regulation in Chapter 4. banking law (1987:617) as replaced by
provision of this Act, shall apply instead of the new provision.
3. The provision in Chapter 4. paragraph 5 of the third subparagraph, the annual accounts Act
(1995:1554) shall not apply to the write-down has been made before
its entry into force.
4. the Amount allocated to the revaluation reserve before the law
entry into force may be used for the required write-down of the value of
other fixed assets or for impairment of Bank's holdings
of debt securities which are intended for the General market, all
provided that there are special reasons for such a
Balancing. In such cases, the indication of this is disclosed in the notes on the accounts.
5. Government or, after the Government's authorization,
The financial supervision authority may, for the first annual or consolidated accounts
established under this Act stipulate that Chapter 3. paragraph 5 of the second
subparagraph annual accounts Act (1995:1554) shall not apply, and
announce details relating to the comparative information in
the place shall be provided.
1996:1145
This law shall enter into force on 1 January 1997 and applied first
time in respect of the financial years beginning after 31
December 1996.
1997:454
This law shall enter into force on 1 July 1997 and applied first
time for financial years beginning after June 30,
1997.
1998:10
This law shall enter into force on 1 January 1999 and shall apply
for the first time in the fiscal year beginning nearest to
After december 31, 1998.
1999:1113
This law shall enter into force on 1 January 2000 and shall apply
the first time for the fiscal year that begins after the
december 31, 1999.
2000:43
This law shall enter into force on 1 March 2000 and applied first
time for the fiscal year that begins after 31
December 2000.
2000:74
This law shall enter into force on 10 March 2000. Older provisions
still, however, in the case of accounts of
fiscal year that has been completed before the Act's entry into force.
2000:823
1. this law shall enter into force on 1 January 2002.
2. Registration dossiers, which have entered into
The FSA but in which the inspection has not taken
decision before the entry into force, shall be submitted to the Patent and
Registration Office for further processing.
2002:151
1. This law shall enter into force on 27 april 2002.
2. A Swedish limited liability company or a Swedish Business Association
who have engaged in activities pursuant to paragraph 2
transitional provisions to the Act (2002:149) on the issue of
electronic money shall apply this law from the
financial years beginning immediately following an authorisation decision
According to the law. This does not apply to the provisions relating to
consolidated in Chapter 7. If the company or the
Economic Association is to consider that such financial
holding company referred to in Chapter 1. Article 1, second paragraph.
2002:1063
1. this law shall enter into force on 1 July 2003 and applied
the first time for the fiscal year that begins after the
december 31, 2002.
2. For the fiscal year that starts in the first half of 2003,
indication of sick leave relate to the period after 30 June 2003.
2003:772
1. this law shall enter into force on 1 January 2004 and shall apply
the first time for the fiscal year that begins after the
december 31, 2003.
2. Older provisions in Chapter 4. 1, 2 and 6 §§ may apply for
fiscal year ending 31 december 2006.
Act (2004:1174).
3. Undertakings applying point 2 shall apply Chapter 4. section 7, 5
Cape. 3 and 4 of and annex 1 of their older versions.
2004:253
1. this law shall enter into force on 1 July 2004.
2. Cases that have been submitted to the Patent and
Registration Office but in which the Agency has not taken a decision
before the entry into force shall be sent to the companies Registration Office for
continued processing.
2004:1175
1. this law shall enter into force on 1 January 2005 and shall apply
the first time for financial years beginning after 31
December 2004.
2. A company that prepares the consolidated financial statements in accordance
of the accounting standards adopted in accordance with
European Parliament and Council Regulation (EC) No 1606/2002 of the
19 July 2002 on the application of international
accounting standards may transfer amounts in
the consolidated accounts have been allocated to the equity fund to
non-restricted equity.
2004:1176
This law shall enter into force on 1 January 2006 and shall apply
the first time for financial years beginning after 31
December 2011. Law (2010:691).
2005:557
1. this law shall enter into force on 1 January 2006 and shall apply
the first time for the fiscal year that begins after the
december 31, 2005.
2. Funds added to the share premium reserve before 1 January
2006 is even then restricted equity. In the first
the annual accounts drawn up on or after 1 January 2006, the
entered in the reserve fund.
2006:566
This law shall enter into force on 1 July 2006 and applied first
time for financial years beginning after June 30,
2006.
2006:872
This law shall enter into force on 1 January 2007 and shall apply
the first time for the fiscal year that begins after the
december 31, 2006.
2007:368
1. this law shall enter into force on 1 July 2007.
2. undertakings which are not covered by Chapter 16. section 5 of the Act (2007:528)
the securities market shall apply the provisions of Chapter 9. 2
and 3 sections on interim report contents etc. in force before
on 1 July 2007 for the fiscal year ending no later than 30
June 2008, with the exception that the interim report in banks and
building societies shall be filed with the Registrar.
The references in Chapter 9. 2 and 3 of the provisions in Chapter 9.
annual accounts Act (1995:1554) shall refer to the
the wording of those provisions before 1 July 2007. Law (2007:542).
2007:873
This law shall enter into force on 1 January 2008 and applies
the first time for the financial years beginning after
end of december 2007.
2009:35
This law shall enter into force on 1 January 2009 and applied first
time for the fiscal year that begins after the 28
February 2009.
2010:687
This law shall enter into force on 1 August 2010 and applied
the first time for the financial year that ends after
July 31, 2010.
2010:1525
This law shall enter into force on 1 January 2011 and apply
the first time for the financial year that ends after
december 31, 2010.
2014:563
1. This law shall enter into force on August 1, 2014.
2. Older rules may be applied for the year
have been initiated prior to the entry into force.
2015:817
1. this law shall enter into force on the 1 January 2016.
2. The law shall apply for the first time for the financial year
begins after december 31, 2015.
