New disclosure procedures at Finansinspektionen
Chris Hamblin, Editor, London, 22 January 2021
As of this month, the Swedish financial regulator is following new procedures that govern the way in which it tells the public about supervisory investigations, both opened and closed.
When the regulator publishes information about an investigation that it is opening, it will specify the type of investigation and the names of the firms that it is looking at.
It will also publish in a similar manner the results of such investigations, even in cases that it has closed without sanctioning firms or individuals, or taking other action. It says that it will publish information about opened or closed investigations on its website every day at 10am.
This means that Finansinspektionen will publish the information the day after it has informed any firm that it supervises that it has opened a new investigation into it, or has closed one.
The changes apply to all firms the regulator's aegis.