The Swedish Financial Supervisory Authority has adopted amendments to its rules on securities funds and managers of alternative investment funds. The changes align the regulatory framework with amendments to the Alternative Investment Fund Managers Directive and the UCITS Directive, and with changes to Sweden’s securities funds law and alternative investment fund managers law approved by parliament in May 2026. The authority also said the revisions are intended to make the rules clearer and simpler and to support more efficient supervision. The amendments cover the authority’s rules for securities funds, affecting fund management companies and management companies that manage securities funds, and its rules for managers of alternative investment funds. They introduce new requirements on the content of fund rules and new fit and proper assessment provisions for people who decide the business direction of fund companies and AIF managers. When such a person is appointed, firms must provide information under a new annex to the relevant fund and AIF rules. Most changes take effect on July 1, 2026. Some provisions will instead apply from April 16, 2027.
Finansinspektionen2026-06-17
Swedish Financial Supervisory Authority adopts fund rule changes implementing AIFM and UCITS amendments
The Swedish Financial Supervisory Authority has adopted amendments to its fund rules to reflect changes to AIFM, UCITS and related Swedish laws. The revisions add new requirements on the content of fund rules and new fit and proper assessment obligations for people who decide the business direction of fund companies and AIF managers. Most changes apply from July 1, 2026, with some deferred until April 16, 2027.