Sweden's Ministry of Finance has presented a government bill proposing amendments to Swedish law to reflect changes to the EU Capital Requirements Directive under the EU banking package. The proposals would introduce new supervisory rules for banks, credit market companies, very large investment firms and certain holding companies, with the stated aim of harmonising supervision across the EU. The bill would require firms from outside the European Economic Area to obtain authorisation to provide core banking-related services from a branch in Sweden. It would also extend existing fit-and-proper requirements for the management of credit institutions to very large investment firms and certain holding companies, introduce advance notification to the Swedish Financial Supervisory Authority (Finansinspektionen) about new management appointees, and require firms to assess the suitability of certain senior role-holders, with Finansinspektionen assessing suitability in some larger firms. Additional proposals include introducing application procedures for certain transactions and a cooling-off period for certain Finansinspektionen employees and contractors before they can take up roles in, for example, a bank or insurance company. Most of the legislative changes are proposed to enter into force on 1 July 2026, while the new authorisation requirement for non-EEA firms operating through Swedish branches would take effect on 11 January 2027.
Ministry of Finance (Sweden) 2026-04-23
Sweden's Ministry of Finance proposes CRD-aligned supervisory rules including third-country branch authorisation and expanded fit-and-proper checks
The Swedish Ministry of Finance has proposed amendments to align national law with the revised EU Capital Requirements Directive, introducing new supervisory rules for banks, credit market companies, very large investment firms and certain holding companies. The bill would require non-EEA firms to obtain authorisation to provide core banking services via Swedish branches and extend fit-and-proper and suitability assessments to additional senior role-holders. Most changes would apply from 1 July 2026, with the new authorisation requirement for non-EEA branches effective from 11 January 2027.