The Swedish Financial Supervisory Authority (FI) has asked industry participants to submit proposals on where additional regulatory or supervisory guidance is needed ahead of the second project under its Innovation Compass initiative, with a submission deadline of 4 May. Proposals may cover questions or challenges linked to new business models or technical solutions where firms need greater clarity on how rules or processes should be applied. FI will consider proposals that are current and innovative, relevant to many financial market participants, and within FI’s remit. The authority has already launched the first Innovation Compass project, which focuses on the reliability of automated and AI-based methods for ESG data and is being conducted with a reference group of FI and industry representatives. After reviewing submissions, FI will analyse and prioritise the inputs and then select a project to take forward. An expression-of-interest window to participate is planned for May–June, and the project is expected to start with workshops in September.