The Swedish Financial Supervisory Authority has published an overview of new licensing and notification obligations introduced through Sweden’s implementation of the second banking package. The changes affect banks and credit market companies, very large investment firms and certain holding companies, and arise from amendments to Swedish law linked to the European Union’s Capital Requirements Directive framework. The update highlights three main changes. Certain acquisitions and transactions are now subject to prior approval under the supervisory law. Large institutions must notify the authority in advance about new management personnel, and people in key managerial roles will be subject to suitability assessments. Firms from countries outside the European Economic Area must also obtain authorization to provide certain core banking services through a branch in Sweden. At the same time, the existing requirement for authorization for certain larger property acquisitions under the Banking and Financing Business Act will cease to apply from July 1, 2026, although some transactions may still require approval under the new supervisory law depending on their nature.
Finansinspektionen2026-07-01
Swedish Financial Supervisory Authority outlines new licensing and notification requirements under the second banking package
The Swedish Financial Supervisory Authority has summarized new Swedish licensing and notification rules introduced through the second banking package. The changes include prior approval for some acquisitions and transactions, advance notification of new management personnel in large institutions, and authorization for certain third-country branches. From July 1, 2026, an older approval requirement for some larger property acquisitions will end, though some deals may still fall under the new rules.