The Swedish Financial Supervisory Authority has submitted a memorandum to the government on the effects of Sweden’s market abuse framework introduced on 1 February 2017 and on how its cooperation with the Swedish Economic Crime Authority has developed. It links a 37% decline in reports of suspected market manipulation since 2017 to its preventive supervision and ongoing dialogue with industry and law enforcement. The memorandum notes that the number of listed companies on Swedish trading venues has increased sharply since 2017, placing Sweden among the EU’s largest markets by number of listed companies. The authority investigates incoming reports, initiates its own investigations and supports the Economic Crime Authority, with most market abuse reports now relating to suspected insider dealing. Since 2017, it has taken enforcement action in 230 market abuse cases, and says the framework has enabled it to relieve the Economic Crime Authority of a large number of investigations; while the division of responsibilities is described as working well, ensuring sufficient supervisory resources is identified as a key challenge. To further improve cooperation, one option flagged is for the authority to take responsibility for a slightly larger share of cases. It also plans to start using a market surveillance system during 2025 to enable enhanced supervision.
Finansinspektionen 2025-02-21
Swedish Financial Supervisory Authority reports new market abuse framework cut suspected manipulation reports by 37% since 2017
The Swedish Financial Supervisory Authority reported a 37% decline in suspected market manipulation since 2017 due to preventive measures and industry dialogue. Most cases now involve insider dealing, with 230 enforcement actions taken. An enhanced market surveillance system is planned for 2025 to improve supervision and cooperation with the Swedish Economic Crime Authority.