The Swedish Financial Supervisory Authority (Finansinspektionen) has launched an investigation into whether Skandinaviska Enskilda Banken AB (SEB) complied with requirements under the Swedish Securities Market Act and the Market Abuse Regulation, with a focus on controls for handling inside information in connection with large share disposals through block transactions. The review follows four EQT AB block transactions that SEB carried out for EQT shareholders on 29 August 2024, 24 September 2024, 2 October 2024 and 25 September 2025, all executed via a bookbuilding process. The authority will assess SEB’s relevant policies and procedures for managing inside information, the functioning of internal controls over proprietary trading, whether the bank safeguarded clients’ interests in the transactions, compliance with the requirement to promptly notify the supervisor of suspected market abuse, and adherence to the rules on market soundings. Preventing market abuse is identified as a supervisory focus area for 2025.
Finansinspektionen 2025-10-14
Swedish Financial Supervisory Authority opens investigation into SEB’s handling of insider information in EQT block transactions
Finansinspektionen is investigating Skandinaviska Enskilda Banken AB (SEB) for compliance with the Swedish Securities Market Act and Market Abuse Regulation, focusing on inside information controls during block transactions. The review examines SEB's policies, internal controls, client interest protection, market abuse notification, and market soundings adherence following EQT AB transactions. Preventing market abuse is a supervisory priority for 2025.