The Swedish Financial Supervisory Authority has adopted the consumer credit regulatory package it consulted on in May, aligning its framework with Sweden’s new Consumer Credit Act and revised legislation governing mortgages and certain other consumer credits. The package introduces new general guidance on consumer lending and new regulations and guidance for businesses providing mortgages and certain other consumer credits. Consequential amendments cover mortgage interest rate information, credit risk management by credit institutions and investment firms, and fit and proper assessments of owners and management at certain financial companies. The changes take effect on Nov. 20, 2026. The authority has also provided information and authorization application forms for subsidiary lenders and credit intermediaries.
Swedish Financial Supervisory Authority adopts new consumer credit rules effective Nov 20
The Swedish Financial Supervisory Authority has adopted new and amended consumer credit rules following its May consultation. The package aligns the framework with new Swedish legislation, including rules for mortgages and certain other consumer credits, and takes effect on Nov. 20, 2026.