Swedish Firms Must Comply with Financial Reporting Rules as Market Regulator FI Oversees Industry

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In Sweden, financial institutions operating in the country are required by law to submit regular financial reports to Finansinspektionen (FI), the country’s market regulator. These reports provide crucial information for FI to assess the financial health of individual firms and the overall Swedish financial market.

Reporting Requirements and Deadlines

The regulatory body has outlined specific reporting requirements and deadlines for each category of firm, which can be found on its website [1]. Additionally, a comprehensive guide is available to help companies navigate the online system for periodic reporting [2].

Key Dates to Note

• March 18-19: Minor disruptions expected in the TRS 2 system due to planned maintenance. Reporters may encounter issues; try again later if necessary.
• November 23: The TRS 2 system will be closed for maintenance. Although it will still be possible to submit TR files, feedback on these submissions will not be provided until after the maintenance is completed.

Corrections and Updates

FI has corrected an issue with TRS 2 validation, allowing submitting entities that received incorrect validations with error codes CON-070 and CON-160 to resend rejected transactions.

TRS 2 System Maintenance

• The agency advises reporters to try again later if they encounter issues during the planned maintenance period.

Remember to check FI’s website for the latest information on reporting requirements, deadlines, and any system updates or maintenance scheduled.

References: [1] Finansinspektionen (FI) - Reporting Requirements and Deadlines [2] Finansinspektionen (FI) - Comprehensive Guide for Periodic Reporting