The Swedish Financial Supervisory Authority (FI) has published a consultation proposing new regulations and general guidelines on debt collection, alongside amendments to its framework for the acquisition and management of non-performing credit agreements. The proposals set out requirements for applying for authorisation to conduct debt collection activities and for complying with good debt collection practice, and would update the non-performing credit agreement rules to reflect European Banking Authority (EBA) guidelines on ensuring sufficient knowledge and experience. The debt collection proposal addresses both what needs to be included in an authorisation application and expected conduct standards. The amendments to the existing rules on acquiring and servicing non-performing credit agreements are framed as adjustments to ensure compliance with the EBA guidance, in the context of FI’s expanded supervisory responsibility for debt collection since 1 January 2024. Comments are requested by 11 March 2025 and responses should reference FI dnr 24-4289. The proposed regulations and general guidelines are intended to enter into force on 1 July 2025.
Finansinspektionen 2025-02-04
Swedish Financial Supervisory Authority consults on new debt collection rules and EBA-aligned changes for non-performing credit agreement servicers
The Swedish Financial Supervisory Authority has issued a consultation on proposed regulations and guidelines for debt collection and amendments to non-performing credit agreement management. The proposals outline authorisation requirements and conduct standards for debt collection, aligning with European Banking Authority guidelines. These changes reflect FI's expanded supervisory role since January 2024.